Full Steam Ahead At Cannabis Extractor Radient Technologies (OTCMKTS:RDDTF)

  • With derivatives anticipated to account for roughly half the multi-billion dollar cannabis market, the cannabis extracts that go into them are in high demand.
  • Other companies have built out large extraction facilities with the intent to either extract cannabis for a processing fee (extraction as a service) or to buy cannabis on the open market and manufacture their own cannabis derivatives for sale to cannabis retailers (white label).
  • Allied will supply cannabis biomass to Radient for extraction and the resulting product will then be distributed to cannabis retailers by the Dhaliwal Group.
  • Radient’s first white label deal is with Cannabis by Shoppers Drug Mart .
  • Coupled with their ability to deliver a high quality product at a low price point, Radient stands to overtake Valens and MediPharm as the leader in cannabis extraction.

Read full article: seekingalpha.com