Post by
City1234 on Dec 21, 2019 8:33pm
New Year
Cam is out and while I still strongly believe that Aurora will "hopefully" pull out of this firepit everyone seems to think they are in. This has not been a good year for them and I would like to see RTI distance themselved with some great partnerships.
With the new year approaching the estimates they provided are even more important....oh and a news release in the next few weeks stating the completion of Edmonton 2 is a must.
Fiscal Q3 2020 (ending December 31, 2019): Radient expects to report revenues of between CAD $10.0 million – CAD $12.0 million.
•Fiscal Q4 2020 (ending March 31, 2020): Radient expects to report revenues of between CAD $12.0 million - CAD $14.0 million.
•This guidance is based on extraction operations at the Company’s Edmonton I facility during its fiscal Q3 2020 and fiscal Q4 2020 periods only, and does not account for the Company’s entire CAD $25.0 million of cannabis inventory. Throughput capacity at this facility is expected to be 56,000 kg per year of cannabis.
Significant progress was made on the retrofit of Edmonton II, a dedicated hemp extraction line with an expected throughput capacity of 420,000 kg/ year, with completion of construction on track for the end of calendar 2019. Additional commissioning and validation work is expected to commence in early calendar 2020, after licensing is granted by Health Canada