Radiko Announces Halt in Cultivation at Carson City and Restructuring of Operations

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Apr 23, 2021

LOS ANGELES, CA / ACCESSWIRE / April 22, 2021 / Radiko Holdings (CSE:RDKO) (the "Company") announced today that the Company is halting its cultivation activities at its indoor facility in Carson City, Nevada. Management, in conjunction with Jeff Malinovitz and Clyde Story, the operators of record at Carson City, have concluded that despite ongoing efforts to rectify matters, the current facility is not performing as expected and it is extremely challenging to produce the type of premium product the operators specialize in. As a result, the Company does not believe it can achieve profitable cultivation operations at the Carson City facility without substantial modifications.