Radient Posts $5.5M Net Loss, Continues To Restructure Operations

Radient Technologies Inc. (OTCQX: RDDTF) revealed Thursday it generated $42,435 in revenues for the first quarter of fiscal 2021.

The Edmonton, Alberta-based producer of cannabinoid-based formulations and products, noted that revenues represented considerably reduced operations. The company has shut down manufacturing activities at the plant and cut the workforce due to the current health crisis’s consequences.

As of June 2020, the plant’s operations are resumed to deliver a shipment of orders to Shoppers.

Radient partnered with Medical Cannabis by Shoppers in February to supply the Shoppers Drug …

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