Published by NCV Newswire
Disruptive Technology an Important Component of Aurora’s Derivative Products Strategy
EDMONTON, Feb. 4, 2019 /CNW/ – Aurora Cannabis Inc. (“Aurora” or the “Company”) (TSX: ACB) (NYSE: ACB) (Frankfurt: 21P; WKN: A1C4WM) announced today that its extraction technology partner, Radient Technologies (“Radient”) (TSX-V: RTI; OTCQX: RDDTF), has received its Standard Processing License from Health Canada.
In 2016, Aurora identified Radient’s proprietary extraction technology (MAP™) as potentially disruptive for the cannabis industry due to its ability to achieve much higher throughputs than is possible with existing benchmark technologies, as well as its efficiency and ability to preserve the full spectrum of cannabinoids and terpenes found in the source material. These aspects provide key competitive advantages in the development and large-scale production of high-quality derivative products.
Since investing in Radient, Aurora has expanded into the hemp sector with its majority ownership of Hempco Food and Fiber (“Hempco”) and the acquisition of AgroPro, Europe’s largest producer of organic hemp products, providing low-cost access to high-quality raw material for the extraction of CBD. The industrial-scale extraction of CBD will play a key role in the roll-out of Aurora’s derivative products strategy, including the development and production of high-margin products for the wellness market.
Aurora COO Appointed to Radient Board
Radient today also announced the appointment of Aurora’s COO Allan Cleiren to its Board of Directors. Mr. Cleiren has been working closely with Radient for the past two years assisting in Radient obtaining its Standard Processor license from Health Canada. Mr. Cleiren, who is also on the board of Hempco, is playing a key role in leveraging Aurora’s investment in Hempco and integrating Agropro’s operations into Aurora’s hemp and CBD based initiatives.
Denis Taschuk, CEO of Radient, added, “Our partnership with Aurora has been instrumental these past two years towards achieving this milestone. With our license granted, operations at our commissioned Edmonton I facility are now commencing. We are scaling up our operations further with the construction of our Edmonton II and III facilities, and we look forward to executing on our partnership with Aurora on a global scale.”
Radient has developed a new, proprietary technology for the extraction of active ingredients from biomass, such as cannabis and hemp. Radient’s patented Microwave Assisted Processing or MAP™ technology is based on the selective and localized heating of the moisture that is present in all natural materials, using microwaves as the energy source.
While conventional solvent-based extraction is a diffusion-driven process, which relies on concentration gradients, Radient’s continuous-flow MAP™ technology provides instant volumetric heating of the biomass, creating a targeted, pressure-driven extraction process. MAP™ extraction allows higher throughputs for a much faster recovery of the extracted compound (minutes vs hours). The process also increases yield and purity of the extracted compound, while decreasing solvent and energy requirements. Because only water and/or ethanol are used as solvents, MAP™ eliminates the need to use harmful toxic solvents. In comparison, MAP™ is faster, less expensive and more scalable than alternative conventional extraction technologies, including supercritical fluid/CO2 extraction, column chromatography, conventional solvent extraction and steam distillation.