James Hodgins Radient Technologies Inc. RTI-X COMMENT May 15, 2018

The extraction business is interesting because there are a lot of different forms they are using. This company has an interesting technology where they use microwave instead of flammable gas or CO2. It sounds very promising. Hasn’t looked into the details that closely. Aurora (ACB-T) has made a big investment into the company.

He says this company is in the microwave extraction business. The company has developed technology to allow more throughput for the extraction of oil from cannabis. They are interested and he watches it to make an initial investment shortly.

He says their technology allows for a higher yield of cannabis oils by dramatically reducing crop drying time. This reduces working capital. They also have an interest in tobacco, where they are trying to extract nicotine without the same high tar yields. They may be a partner for Phillip-Morris in the future he thinks. Near term marijuana is the opportunity.

Not covered by any analyst. They do extraction technology in cannabis. They've received a big investment from Aurora. He met with management in December and was intrigued. He wants to visit them again after their expansion. If they can do what they plan to do in terms of the amount of throughput, it can revolutionize the cannabis business--they can extract A LOT more oil.

They have a microwave-based technology for extracting oil compared to a solvent-based one. This is faster. There is no guarantee that it will be the winner, among competing technologies, but in a sector that has a lot of future growth, this might do very well. It is speculative.