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.
Company 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),
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
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. Archived from the original on 28 January 2022. Retrieved 13 April 2022 – via newsfilecorp.com.
  2. 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.
  3. "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.
  4. "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.
  5. "'Radient Technologies Inc., Radient Technologies (Cannabis) Inc., and 1631807 Alberta Ltd.'". Archived from the original on 2023-04-11. Retrieved 2023-04-11.
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