Bullboard - Stock Discussion Forum Radient Technologies Inc RDDTF

Primary Symbol: V.RTI.H

Radient Technologies Inc. is a science-based company. The Company is a commercial manufacturer of cannabinoid-based formulations, ingredients, and products. The principal activities of the Company and its subsidiaries are engaged in research, development, and commercialization of an efficient and environmentally responsible technology for the extraction, isolation, and purification of soluble... see more

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TSXV:RTI.H - Post Discussion

Radient Technologies Inc > Further update on biomass purchase expense

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Post by Stickman on Mar 03, 2020 5:29pm

Further update on biomass purchase expense

On Tue, Mar 3, 2020 at 5:01 PM Adam Deffett <adeffett@radientinc.com> wrote:

We had purchased the biomass before the quarter, while pricing saw a downtrend. This was partially due to the size of purchase, but also do to delays in receiving biomass that was properly milled and prepared. We have recognized the need to better insulate from price volatility and are improving purchase practices and contract terms going forward.

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