BlueGreenPower
2 years ago
**NEWS** Radient Appoints Interim CEO, Appoints Director, and Announces Financing
Jocelyne Lafrenière, Interim Chair of the Radient Board of Directors commented, "On behalf of the Radient Board of Directors, I would like to welcome Steven as interim CEO, and welcome Dimitris back to the Radient Board of Directors. We are very pleased that they will contribute their skills and experience to the Radient leadership team. I would also like to thank Harry for his contribution and leadership during his tenure as CEO where he led the restructuring efforts of the Company."
Mr. Tzanis added, "Having served as a director in previous years, I am absolutely delighted to return and contribute to the Company's restructuring efforts."
https://finance.yahoo.com/news/radient-appoints-interim-ceo-appoints-232400853.html
Happy to see the founder of the company taking a bigger role in the turnaround. Usually no one with more skin in the game than the founder. Even happier to see Radient with 4 of the Top 10 selling concentrates in Saskatchewan, according to recently updated Headset Data for the province.
These Include the #1 best selling concentrate Tunaaaa Room House Shatter .5g, #4 Tunaaaa Room House Shatter 1g, #5 Tropical Distillate 1g, and #8 Tunaaaa Room Peanut Butter Distillate. They also have a Top 10 selling Vape Cart at #5 with Mango Lemonade Distillate. SK seems to love Radient's value priced dabbable distillates.
To me this is a remarkable achievement for a nano cap really just getting started (again). For RTI to hold such a dominant position in a major category like this is a testament to the hard work the team is doing on the turnaround. Looking forward to seeing them break the Top 10 in other provinces :) glta
Headset Data Updates Weekly
https://www.headset.io/the-best-selling-cannabis-products/saskatchewan-concentrates
BlueGreenPower
2 years ago
**NEWS**Radient Announces Hydrocarbon Commercial Production, Pre-Roll Sales Growing Across Canada
Radient's hydrocarbon initiative has successfully achieved commercial production. Radient is now delivering some of the highest quality and highest purity cannabis 2.0 products available in Canada, including distillates and isolates of products including THCa Crystalline, Delta 8 THC, CBG, CBN and hydrocarbon products such as High Cannabinoid Full Spectrum Extracts (HCFSE), High Terpene Full Spectrum Extracts (HTFSE), Crumble, Shatter, Live Resin, Budder, Terp Diamonds and more.
https://finance.yahoo.com/news/radient-announces-hydrocarbon-commercial-production-012300241.html
Happy to see that Radient has delivered on it's promise to begin commercial production and distribution of Cannabis 2.0 concentrates with partner HighGrade. This plus the pre-roll partnership with All Good taps the fastest growing categories in the US and Cannada. These are the categories with margins high enough to prosper where flower currently is high cost low margin. Believe the Cannabis 2.0 LP's like Radient will be first to profits. My only suggestion is to get into infused pre-rolls, which is the fastest growing category of all.
Will update when I see new HighGrade produced concentrates on the market. Radient has been through the ringer recently but all signs are looking up to me. Congrats to the RTI team!!! glta
https://www.instagram.com/allgood_collective/?hl=en
BlueGreenPower
2 years ago
Deep dive on the Aurora / Radient partnership...
βItβs Easier to Sell a Dream Than Realityβ: Inside Canadaβs Cannabis Crash
In an email from his public-relations agency, Terry Booth refuted the claims of the class-action suit and pointed to a motion to dismiss the lawsuit, which has been filed on several grounds. Auroraβs legal team says that the lawsuit is generally deficient, its allegations are based solely on hindsight and it should be struck out. The motion contends, among other things, that the claims related to Radient are purely speculative, the plaintiffs fail to allege facts that support any evidence of a round-trip transaction and there is nothing unusual about a sell-and-hold transactionβin this case, where the product sold to Radient (biomass) was different from the product purchased from Radient (extract).
Radient, which is not a defendant in the suit, did not respond to my requests for comment. According to corporate documents from 2020, βAurora ceased to have significant influence over the Company [Radient] as a result of no longer having a director on the Company board and their ownership dropping below 10 per cent of the Company and therefore were no longer considered a related party to the Company.β
https://www.canadianbusiness.com/ideas/canada-cannabis-stocks-crashing/
The headline for me is Radient is not a defendant in the suit. This is all water under the bridge now, but still a interesting snapshot of the hype and excesses of the time. The former Radient insider sounds like she's relieved to be out of the cannabis business, but still rooting for Radient to succeed in its present form. I'm rooting for Radient too :) glta
Hey SG, Congrats on the gain. I'll keep updating what I find. good luck :)
BlueGreenPower
3 years ago
**NEWS** Radient Announces Fiscal Q3 2022 Financial Results
- Pre-roll equipment installation complete, preparing product launch,
- Revenue ramps up, operating costs decline for the nine-month period.
https://finance.yahoo.com/news/radient-announces-fiscal-q3-2022-233000203.html
Hello jp68, Thanks for the heads up on the quarterly report!!!
Happy to hear they'll be launching pre-rolls in March. Right now infused pre-rolls are hot, and disappear quickly online. Regular pre-rolls disappear too if they are high thc (25%+) at a reasonable price. If it were me I'd focus on infused products using in-house concentrates infused in Tunaaaaroom flower. Sounds like a winning combination to me :) Good luck jp68 & glta!!!
BlueGreenPower
3 years ago
**NEWS** Radient Completes Acquisition of Tunaaaaroom Xtracts and Makes Corporate Announcements
Edmonton, Alberta--(Newsfile Corp. - January 28, 2022) - Radient Technologies Inc. (TSXV: RTI) ("Radient" or the "Company"), a commercial manufacturer of diverse, novel, and high-quality cannabis extracts and packaged products, is pleased to announce that it has successfully completed the Company's previously announced acquisition of all of the issued and outstanding securities of Tunaaaaroom Xtracts Inc. (the "Target"), an Alberta cannabis company (the "Acquisition").
https://finance.yahoo.com/news/radient-completes-acquisition-tunaaaaroom-xtracts-003000046.html
This should be a smooth transition since TRX has been working with Radient for over a year now. They bring Radient a vast genetic library tested over years in the legacy market. They also have a understanding of the legacy culture for marketing to legacy customers. This is still a largely untapped well of customers that needs to be fully tapped.
With Radient's low cost extraction abilities they can now compete with the grey market using a well known legacy brand. Same goes for HighGrade coming in from the legacy market as a well respected brand. Hopefully they will bring other legacy brands to Radient in the future.
Now that TRX are stakeholders it would be to their advantage to bring in as many as possible. Make Radient a happy landing place for legacy brands transitioning to legal. Bonus they will bring their loyal customers with them. Off to a good start with two of the best Tunaaaaroom and HighGrade. Congrats to the RTI team!!! Like :)
https://tunaaaaroomxtracts.ca/collections/
https://www.yahoo.com/now/radient-technologies-announces-licensing-agreement-213000931.html
BlueGreenPower
3 years ago
**NEWS** Radient Announces Partnership with All Good for Cannabis Pre-Roll Production and Provides Shareholder Update
Radient now plans to produce and sell cannabis pre-roll products to licenced retailers in Canada. The pre-roll design parameters include a cigarette-style cylinder format and craft grown, terpene rich, high THC, non-irradiated cannabis. Pre-roll units will be packaged in a high quality 10-unit humidity protected box and will be marketed to discerning cannabis users.
https://finance.yahoo.com/news/radient-announces-partnership-good-cannabis-233000101.html
Smart move going into pre-rolls with the category currently growing faster than dried flower, which is saturated at the moment. Also in demand are infused pre-rolls that are just getting started in Canada.
Happy to see they are staffing up to start producing pre-rolls right away. Sounds like the pre-roll launch will coincide with the launch of new HighGrade products, along with new Atomic EH products.
Wheels are rapidly turning at RTI. Big Congrats to the Radient team on the new partnership with All Good Collective. Like :) glta
BlueGreenPower
3 years ago
**NEWS** Radient Technologies Inc. Announces Q2 2022 Financial Results
Eli Katsakioris from TRX comments: "We are excited to be a part of RTI. Over the past twelve months RTI has become our home in the cannabis industry. After watching the dedication from the new management to moving this Company in a direction that we believe in, our decision to be part of that journey has been validated. With the relationships and brand recognition TRX has made in the cannabis space, along with our hand selected new brands and production lines, TRX believes RTI is poised to be a real leader in several product categories."
Rob Morrison, CEO of HighGrade comments: "We are excited to bring our experience and expertise to Radient. We are looking forward to raising the bar in the Hydrocarbon and Distillation in the Canadian market, bringing our Highgrade brands to retail shelves in 2022, as well as working with RTI's existing brands. The new management team behind Radient is one of the key reasons why we decided to choose RTI as our home."
https://finance.yahoo.com/news/radient-technologies-inc-announces-q2-000000608.html
Hey Guns, this is the good news we've been waiting for. Now Radient will have cannabis experts running the show. Harry did a great job getting Radient's financial house in order enough to get these deals done. Hoping the market will show some love when it's officially announced sometime this month. Fingers crossed. With HighGrade & TRX now deeply involved, Radient's the future looks much brighter to me :) glta
BlueGreenPower
3 years ago
Radient Technologies Inc. Releases 2021 Fiscal Year End Financial Results and Provides Corporate Update
"This is an incredibly exciting time for Radient as we are just getting started on several key revenue-generating initiatives that we believe will be reflected in our financial statements moving forward," said Harry Kaura, CEO of Radient. "Aside from fortifying several key strategic partnerships and launching new Radient-branded products which have continued to be enthusiastically received by cannabis consumers, a key focus for the Company during fiscal 2021 was reducing our capital and operating expenses, which we have successfully achieved. I look forward to what the year ahead holds for the Company and I would like to thank our shareholders for their ongoing support."
https://finance.yahoo.com/news/radient-technologies-inc-releases-2021-121500832.html
Hey JP68, looks like Radient is finally on the right track producing their own brands and selling directly to the provinces. With concentrates starting to take off in Canada I'm taking a starter position.
The new CEO seems to be getting their financial house in order. To me Radient's extraction IP alone is worth their current market cap. They will still need to increase sales, and I'm seeing more Radient products online than ever before.
JP, Thanks for all the DD you've posted here. GL to you & GLTA :)
https://www.reddit.com/r/TheOCS/comments/pratpw/wook_breath_thca_diamonds/