Radient Technologies

Radient Technologies 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 type	Public
Traded as	TSX-V: RTI OTC Pink Current: RDDTF
Industry	Cannabis
Founded	2001; 24 years ago (2001)
Founder	Dr. Steven Splinter
Headquarters	Edmonton , Canada
Area served	Canada, Germany
Key people	Steven Splinter (CEO), Frank Ferlaino (COB), Steven Splinter (CTO),
Revenue	Can$2.489 million (2022)[1]
Operating income	Can$ -13.865 million (2022)[1]
Net income	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.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 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]