Radient Technologies Inc. (RTI: CA) today expressed its support for the industry-leading product testing disclosure initiative of its joint research partner, Aurora Cannabis Inc. (ACBFF).
On March 9, Aurora introduced the cannabis sector’s most comprehensive product testing disclosure process, providing its clients and the general public with access to a simplified Certificate of Analysis (CoA) for every cannabis product available for sale on the Aurora’s menu. Subsequent to Aurora’s initiative, similar guidelines and standards were announced by Cannabis Canada Association, the leading organization for Health Canada Licensed Producers of cannabis.
Today, Radient announced that, as the only facility in Canada developing high-throughput cannabinoid extraction capability, while maintaining the Good Manufacturing Practice (GMP) requirements of a Natural and Non-Prescription Drug Directorate (NNHPD) Site License, the Company supports Aurora’s initiative, and will provide support to ensure certification and disclosure of test results on products developed and produced utilizing its ground-breaking high throughput, terpene-preserving technology.
“We strongly support Aurora’s product testing and certification protocols within the developing medical marijuana industry,” said Denis Taschuk, CEO of Radient. “Ensuring patient confidence in the purity and safety of the cannabis products they consume is, in our view, a prerequisite for a properly functioning market. The already encouraging results of our collaboration with Aurora, coupled with our rigorous Quality Management System (“QMS”) ensuring strict quality control and quality assurance prior to the release of products for commercial distribution, are well aligned with Aurora’s efforts towards greater transparency. We congratulate them on their leadership in this area.”
As previously announced, Radient and Aurora entered into a memorandum of understanding (“MOU”) to evaluate an exclusive partnership for the Canadian market with regard to the joint development and commercialization of superior and standardized cannabinoid extracts. The second phase of the study commenced in February, 2017 and is expected to be completed in late April, 2017.
“We are pleased to have found in Radient a partner whose QMS and commitment to transparency and product safety complement our own,” added Terry Booth, CEO of Aurora. “We look forward to reporting on our joint progress in the development of a potentially ground breaking extraction technology for the key market of cannabis concentrates.”
Radient extracts natural compounds from a range of biological materials using its proprietary MAP(TM) natural product extraction technology platform which provides superior customer outcomes in terms of ingredient purity, yield, and cost. From its initial 20,000 square foot manufacturing plant in Edmonton, Alberta, Radient serves market leaders in industries that include pharmaceutical, food, beverage, natural health, personal care and biofuel markets. Visit www.radientinc.com for more information.
In the interest of full disclosure, we call the reader’s attention to the fact that Equities.com, Inc. is compensated by the companies profiled in the Spotlight Companies section. The purpose of these profiles is to provide awareness of these companies to investors in the micro, small-cap and growth equity community and should not in any way be considered as a recommendation to buy, sell or hold these securities. Equities.com is not a registered broker dealer, investment advisor, financial analyst, investment banker or other investment professional. We are a publisher of original and third party news and information. All profiles are based on information that is available to the public. The information contained herein should not be considered to be complete and is not guaranteed by Equities.com to be free from misstatement or errors. The views expressed are our own and not intended to be the basis for any investment decision. Readers are reminded to do their own due diligence when researching any companies mentioned on this website. Always bear in mind that investing in early-stage companies is risky and you are encouraged to only invest an amount that you can afford to lose completely without any change in your lifestyle. Equities has been compensated with cash, common shares and/or warrants for market awareness services provided.