Radient Technologies (RTI:TSXV) was the third best performing stock in May’s Stock Challenge Friday. The natural compound extraction company’s shares gapped up 13.64% to close at $0.75. Radient has a proprietary method of extraction called Microwave Assisted Processing, or M.A.P. The patented, core technology yields higher results than conventional natural compound extraction. Radient has been in the news lately after signing a collaboration arrangement with well-known Aurora Cannabis.
Long-time Pinnacle member ‘CAinPlap‘ selected Radient for May’s Stock Challenge. He moved into 11th place Friday with a 23.53% return. So, after bottoming out below $0.50 per share in mid-May, Radient’s stock is breaking out. Its shares have risen in six of the past seven trading days.
Radient Technologies – 3 Month Chart
Radient Technologies Updates Collaboration with Aurora Cannabis
The Edmonton-based company announced the completion of the second phase of its previously announced joint venture research agreement with Aurora Cannabis Inc. (TSX-V: ACB). Aurora is one of Canada’s largest marijuana growers. Below is an excerpt from the press release:
“As previously announced, Radient and Aurora entered into a memorandum of understanding (“MOU”) with regard to the exclusive joint development and commercialization of superior and standardized cannabinoid extracts for the Canadian market. In accordance with the MOU, the parties entered into a joint venture research agreement to confirm the effectiveness of Radient’s MAP™ technology for cannabis extraction.”
Denis Taschuk, CEO of Radient, made the following comments,
“We are pleased to have completed this phase in our collaboration with Aurora, and taken one more step towards proving Radient’s potential in the cannabis space to deliver increased production capacity, while maintaining the highest standards of product safety, quality assurance, and purity.”
Click here to read the entire press release.
Radient extracts natural compounds from a range of biological materials using its proprietary MAP™ technology platform. The platform provides superior customer outcomes regarding ingredient purity, yield, and cost. Furthermore, Radient serves numerous industries, including: pharmaceutical, food, beverage, natural health, personal care and biofuel markets.
Member ‘Joey Walmsley‘ extended his lead Friday. As a result, the long-time member’s combined average return increased to 44.95%. With just one week remaining in May’s Stock Challenge, don’t wait to get your picks in for June.