Aurora Cannabis Shares Gain 8.65% After Partner Receives Standard Processing License
Shares of Aurora Cannabis Inc. (NYSE: ACB) closed to an 8.65% increase after its partner, Radient Technologies, announced a newly received license.
Radient just received a standard processing license from Health Canada. Aurora Cannabis noticed the significance of Radient’s extraction technology from its huge benefits in 2016.
The process and technology behind the extraction method that Radient has trademarked, Microwave Assisted Processing, or MAP™, has the demonstrated ability to produce higher throughputs than is possible with current technology. MAP™ can produce higher outputs and efficiently preserve the entire spectrum of cannabinoids and terpenes.
Terry Booth, Chief Executive Officer of Aurora Cannabis, said: “Early on we identified that the ability to extract cannabis and hemp at large-scale while preserving quality would be a crucial competitive advantage to address the rapidly growing market for derivative products, such as vapes pen solutions, softgels, edibles, and beverages.”
An appointment of Aurora Cannabis’ Chief Operating Officer, Allan Cleiren, to Radient’s Board of Directors was also announced by Radient. Allan has worked closely with the company for the past two years to assist it in the process of acquiring the standard processor license that it was just issued.
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Aurora Cannabis Shares Gain 8.65% After Partner Receives Standard Processing License
