Radient Technologies Explained
| Radient Technologies Inc. |
| Type: | Public |
| Traded As: |
|
| Founder: | Dr. Steven Splinter |
| Area Served: | Canada, Germany |
| Key People: | Harry Kaura (CEO), Frank Ferlaino (COB), Steven Splinter (CTO), |
| Industry: | Cannabis |
| Revenue: | Can$2.489 million (2022)[1] |
| Operating Income: | Can$ -13.865 million (2022) |
| Net Income: | Can$ -42.265 million (2022) |
| Assets: | Can$ 28.860 million (2022) |
| Equity: | Can$ 29.294 million (2022) |
| Num Employees: | 75-100 |
| Subsid: | Tunaaaaroom Xtracts, PBR Labs |
| Location City: | Edmonton |
| Location Country: | Canada |
Radient Technologies Inc. is a Canadian licensed commercial manufacturer of cannabis derivatives and products, headquartered in Edmonton. It trades on the Toronto Venture Exchange and OTC Pink as RTI and RDDTF.[2]
History
The company says that its patented extraction technology Microwave Assisted Processing (MAP) extracts a higher amount of the desired cannabinoids from the leaf,[3] and that that the process allows it to heat the cannabis biomass with more precision, using less solvent than the methods being used by other companies, with higher throughput and improved economies of scale.
In 2017 Aurora Cannabis made an investment of $6.2 million in the company.[4]
On March 21, 2023, Radiant Technologies Inc. filed for receivership. [5]
Notes and References
- Web site: Radient Technologies Inc. Announces Q1 2022 Financial Results. Radient Technologies Inc.. newsfilecorp.com. Newsfile Corp.. 13 April 2022. 28 January 2022. https://web.archive.org/web/20220128052203/https://www.newsfilecorp.com/release/98735/Radient-Technologies-Inc.-Announces-Q1-2022-Financial-Results. live.
- Web site: OTC Markets Group Welcomes Radient Technologies Inc. to OTCQX. Radient Technologies Inc.. PR Newswire. 13 April 2022. 13 April 2022. https://web.archive.org/web/20220413225015/https://www.prnewswire.com/news-releases/otc-markets-group-welcomes-radient-technologies-inc-to-otcqx-300765855.html. live.
- Web site: Radient Technologies Inc - Annual Information Form for the Fiscal Year Ended March 31, 2020. U.S. Securities and Exchange Commission. August 6, 2022. August 6, 2022. https://web.archive.org/web/20220806063221/https://sec.report/otc/financial-report/257987. live.
- Web site: Aurora Cannabis Increases Investment in Radient Technologies. Aurora Cannabis Inc. Newswire.ca. 2022-04-13. 2022-04-13. https://web.archive.org/web/20220413225016/https://www.newswire.ca/news-releases/aurora-cannabis-increases-investment-in-radient-technologies-663609273.html. live.
- Web site: 'Radient Technologies Inc., Radient Technologies (Cannabis) Inc., and 1631807 Alberta Ltd.'. 2023-04-11. 2023-04-11. https://web.archive.org/web/20230411204743/https://insolvencyinsider.ca/filing/radient-technologies-inc-radient-technologies-cannabis-inc-and-1631807-alberta-ltd/. live.
