- Radient Technologies (RTI) has provided a status update regarding the delayed filing of its audited financial statements
- The company was granted a Management Cease Trade Order (MCTO) prohibiting trading by either the CEO or CFO
- Radient confirms there is no material information concerning the affairs of the company that has not been generally disclosed
- Radient anticipates that it will be able to complete the required filings by no later than September 30, 2021
- Radient Technologies is a commercial manufacturer of high-quality cannabinoid-based formulations, ingredients and products
- Radient Technologies Inc. (RTI) opened trading at C$0.07 per share
Radient Technologies (RTI) has provided a status update regarding the delayed filing of its audited financial statements.
The company was granted a Management Cease Trade Order (MCTO) as an alternative to a general cease trade order in connection with the late filing of the annual filings. The MCTO prohibits trading in securities of the company, whether direct or indirect, by the Chief Executive Officer and Chief Financial Officer.
The issuance of the MCTO does not affect the ability of persons who are not directors, officers or insiders to trade in their securities.
Radient anticipates that it will be able to complete the required filings by no later than September 30, 2021.
Radient confirms that there have been no changes to the information contained in the Default Announcement that would reasonably be expected to be material to an investor, there has been no failure by the company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines under NP 12-203, and there is no other material information concerning the affairs of the company that has not been generally disclosed.
Should the company fail to make its required filings on or before September 30, 2021, the Principal Regulator can impose a general cease trade order halting all trading in securities of the company.
Radient Technologies is a Canadian company engaged in manufacturing cannabis derivatives, formulations, and products.
Radient Technologies Inc. (RTI) opened trading at C$0.07 per share.