Radient Technologies

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]

Radient Technologies Inc.
TypePublic
TSX-V: RTI
OTC Pink Current: RDDTF
IndustryCannabis
Founded2001 (2001)
FounderDr. Steven Splinter
Headquarters
Edmonton
,
Canada
Area served
Canada, Germany
Key people
Harry Kaura (CEO), Frank Ferlaino (COB), Steven Splinter (CTO),
RevenueIncrease Can$2.489 million (2022)[1]
Decrease Can$ -13.865 million (2022)[1]
Decrease Can$ -42.265 million (2022)[1]
Total assetsIncrease Can$ 28.860 million (2022)[1]
Total equityIncrease Can$ 29.294 million (2022)[1]
Number of employees
75-100
SubsidiariesTunaaaaroom Xtracts, PBR Labs
Websitewww.radientinc.com

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.[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
  1. Radient Technologies Inc. "Radient Technologies Inc. Announces Q1 2022 Financial Results". Newsfile Corp. Retrieved 13 April 2022 – via newsfilecorp.com.
  2. Radient Technologies Inc. "OTC Markets Group Welcomes Radient Technologies Inc. to OTCQX". Retrieved 13 April 2022 – via PR Newswire.
  3. "Radient Technologies Inc - Annual Information Form for the Fiscal Year Ended March 31, 2020". U.S. Securities and Exchange Commission.
  4. "Aurora Cannabis Increases Investment in Radient Technologies". Aurora Cannabis Inc – via Newswire.ca.
  5. "'Radient Technologies Inc., Radient Technologies (Cannabis) Inc., and 1631807 Alberta Ltd.'".
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