• Radient Technologies Inc. (RTI) provides corporate update following the appointment of new Chief Executive Officer Harry Kaura
  • Kaura is an entrepreneur with 30 plus years of experience founding and leading various manufacturing businesses
  • Under his leadership, Radient is transitioning from a ‘specialized technology solution provider’, to a vertically integrated cannabis company
  • Under Kaura’s direction, the company has reduced operating and SG&A expenses, established sales relationships with Provincial and Territorial retail markets and much more
  • Radient Technologies Inc. (RTI) is flat and is trading at C$0.080 at 10:28 am ET

Radient Technologies Inc. (RTI) is pleased to provide a corporate update from its CEO, Harry Kaura.

Since becoming CEO, Mr. Kaura has committed to enacting the turnaround of Radient, by building a revenue profile in various product categories and cutting costs across the board.

Mr. Kaura is an entrepreneur with more than 30 years of experience founding and leading various manufacturing businesses. Harry has developed over $100M in the Edmonton real estate market, with deep-seated connections to the community.

In addition, Mr. Kaura is one of the longest-standing and significant shareholders of Radient, and continues to invest in the business to support its turnaround and planned growth trajectory.

Under his leadership, Radient is transitioning from a ‘specialized technology solution provider’, to a vertically integrated cannabis company, leveraging its past investment into technology and product development to create value for customers, shareholders, and employees.

Under Kaura’s direction, Radient has reduced operating and SG&A expenses, established sales relationships with Provincial and Territorial retail markets, and restructured its European operations through a strategic review process and winding down of Radient’s subsidiary.

“I’m excited for Radient’s future, and our renewed purpose and plan towards profitability. I intend to continue to keep our loyal and dedicated stakeholders more engaged and informed as we move ahead with what I believe to be a revolutionary approach to the Canadian cannabis market.”

Radient Technologies is a commercial manufacturer of diverse, novel and high-quality cannabis extracts and packaged products specializing in bringing products previously unavailable to consumers through legal channels to market.

Radient Technologies Inc. (RTI) is flat and is trading at C$0.080 at 10:28 am ET.

More From The Market Online

Buzz on the Bullboards: A recap of recent activity and stocks in focus

After a major sell-off, stock markets have been on edge, monitoring corporate earnings to gauge the direction of the economy.

Unsung profits: Three microcap stocks with a strong case for value

A key factor behind picking winning microcap value stocks is identifying dislocations between company performance and market perception.

The Market Online’s Weekly Cannabis Report – April 19, 2024

Cannabis news this week: Canopy Growth shareholders overwhelmingly voted to approve a new class of exchangeable shares.

Buzz on the Bullboards: Challenges amid inflation and geopolitical tensions

Canadian and U.S. stock markets grapple with a host of challenges, from surging inflation data to escalating tensions in the Middle East.