This article may contain excessive or inappropriate references to self-published sources. (August 2022) |
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]
 | |
| Company type | Public |
|---|---|
| TSX-V: RTI OTC Pink Current: RDDTF | |
| Industry | Cannabis |
| Founded | 2001 |
| Founder | Dr. Steven Splinter |
| Headquarters | , |
Area served | Canada, Germany |
Key people | Harry Kaura (CEO), Frank Ferlaino (COB), Steven Splinter (CTO), |
| Revenue |  Can$2.489 million (2022)[1] |
 Can$ -13.865 million (2022)[1] | |
| Can$ -42.265 million (2022)[1] | |
| Total assets | Can$ 28.860 million (2022)[1] |
| Total equity | Can$ 29.294 million (2022)[1] |
Number of employees | 75-100 |
| Subsidiaries | Tunaaaaroom Xtracts, PBR Labs |
| Website | www |
History
editThe 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.[3]
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]
References
edit- ^ a b c d e Radient Technologies Inc. "Radient Technologies Inc. Announces Q1 2022 Financial Results". Newsfile Corp. Archived from the original on 28 January 2022. Retrieved 13 April 2022 – via newsfilecorp.com.
- ^ Radient Technologies Inc. "OTC Markets Group Welcomes Radient Technologies Inc. to OTCQX". Archived from the original on 13 April 2022. Retrieved 13 April 2022 – via PR Newswire.
- ^ a b "Radient Technologies Inc - Annual Information Form for the Fiscal Year Ended March 31, 2020". U.S. Securities and Exchange Commission. Archived from the original on August 6, 2022. Retrieved August 6, 2022.
- ^ "Aurora Cannabis Increases Investment in Radient Technologies". Aurora Cannabis Inc. Archived from the original on 2022-04-13. Retrieved 2022-04-13 – via Newswire.ca.
- ^ "'Radient Technologies Inc., Radient Technologies (Cannabis) Inc., and 1631807 Alberta Ltd.'". Archived from the original on 2023-04-11. Retrieved 2023-04-11.