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$TRIP Increases sales presence by 140%:
https://stockhouse.com/news/press-releases/2021/04/21/red-light-holland-increases-points-of-sale-for-imicrodose-packs-in-the
#PSYLOCYBIN $NUMI $MMED
Red Light Holland Increases Points of Sale for iMicrodose Packs in the Netherlands by More Than 140%
Significant increase in number of points of sale for iMicrodose Packs within the Netherlands with over $31 million of cash and cash equivalents remaining on balance sheet to support growth
Toronto, Ontario--(Newsfile Corp. - April 21, 2021) - Red Light Holland Corp. (CSE: TRIP) (FSE: 4YX) (OTC Pink: TRUFF) ("Red Light Holland" or the "Company"), an Ontario-based corporation engaged in the production, growth and sale of a premium brand of magic truffles to the legal, recreational market within the Netherlands, is pleased to provide an update on the distribution of its iMicrodose Packs in the Netherlands.
"Over the last few months, we have continued executing on our goal to increase both the availability of our products and our brand's visibility. iMicrodose Packs powered by Red Light Holland are now available in 144% more locations than previously announced. Relationships held by our wholly owned distribution company SR Wholesale, already, account for 13 new locations, demonstrating some of the synergies that we strategically planned to realize from the recently closed acquisition," said Todd Shapiro, CEO and Director of Red Light Holland. "With over $31 million of cash and cash equivalents remaining on our balance sheet, we look forward to continuing to conservatively deploy capital into growth opportunities that support our long-term business objectives, while SR-Wholesale continues to do a major sales push across the Netherlands. We have a clear plan to get Red Light Holland products into many more retail stores hopefully for the summer market, while also concentrating on growing our online sales at www.iMicrodose.nl. As I've said in the past, we're proud to be providing access now and we continue to deliver on that mandate."
About Red Light Holland Corp.
The Company is an Ontario-based corporation engaged in the production, growth and sale (through existing Smart Shops operators and an advanced e-commerce platform) of a premium brand of magic truffles to the legal market within the Netherlands, in accordance with the highest standards, in compliance with all applicable laws.
For additional information on the Company:
Todd Shapiro
Chief Executive Officer & Director
Tel: 647-204-7129
Email: todd@redlighttruffles.com
Website: https://redlighttruffles.com/
Forward-Looking Statements
Neither the Canadian Securities Exchange (the "CSE") nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control.
Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward- looking statements contained herein include, but are not limited to, information relating to the synergies from the acquisition of SR Wholesale and conservatively deploying capital into growth opportunities. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward- looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.
im long term so a decline from here wont shake me out---maybe bruce linton will soak up a bunch of shares soon with his well heeled buddies---a chase here for shares will come sooner or later and i got all the time in the world to wait-----tmonkey
Keep some of your budget in case it hits 25 cents... Today's 26.5 looked pretty good, but that didn't last. I'm referring to TRIP of course. Don't follow the US side.
#TRIP Signs letter of intent to acquire 80% of Nova Scotia (Canada) based Happy Caps Mushroom Farm:
https://themarketherald.ca/red-light-holland-enters-into-letter-of-intent-to-acquire-controlling-stake-in-happy-caps-mushroom-farm-based-in-halifax-nova-scotia-2021-04-13/?utm_source=stockhouse.com&utm_medium=widget&utm_campaign=stockhouse.com%7Cwebpart_news%7Cquote_tab
#CLSH #HBOR #MMJ #PSILOCYBIN #BITCOIN #ETHEREUM #MONEY #PROFIT #INVESTING #SMALLCAPS #OTC #CSE #TSXV
i loaded all day yesterday on truff-the US TICKER ---paid top .215 us eod and the rest under-it was easy catching alot with all the selling!!---im ready with full boat now--tmonkey
Red Light Holland to purchase 80% of Happy Caps Urban Gourmet Mushroom Farm, specializing in quality ‘grow your own mushroom kits’, mushroom plug spawn and fresh mushrooms for the wholesale market.
Toronto, Ontario–(Newsfile Corp. – April 13, 2021) – Red Light Holland Corp. (CSE: TRIP) (FSE: 4YX) (OTC Pink: TRUFF) (“Red Light Holland” or the “Company“), an Ontario-based corporation engaged in the production, growth and sale of a premium brand of magic truffles to the legal, recreational market within the Netherlands, is pleased to announce it has entered into a non-binding letter of intent to acquire an 80% stake in Happy Caps Farm (“Happy Caps“), one of Nova Scotia’s most unique gourmet mushroom farms, cleverly positioned in the mushroom plug spawn business, selling fresh mushrooms for the wholesale market and specializing in ‘grow your own mushroom kits’.
“Now this gets me excited! Happy Caps’ founders, Andrew Kobayashi and Andrew Hatfield will be strong additions to Red Light Holland. Not only are we expected to purchase an 80% stake in their growing and profitable business, but we will also gain valuable intellectual property as Andrew and Andrew both possess strong mushroom growing expertise and capabilities,” said Todd Shapiro, CEO and Director of Red Light Holland. “There remain a few details to iron out, but everyone at Red Light Holland is extremely excited by the potential to grow our business, our brand and our revenues in our home country of Canada and we look forward to potentially realizing synergies by introducing Happy Caps to Europe via our wholly owned distribution company SR-Wholesale.”
“Getting to know Todd Shapiro and the entire team at Red Light Holland has been a pleasure so far,” said Andrew Kobayashi, CEO of Happy Caps “We are very experienced Mushroom growers and can work effectively with all types of genetics and strains. We are looking forward to working with Todd and his team to drive growth in our Happy Caps homegrow kits, where we help you grow your own mushrooms.”
“We are making mushroom growing easy and accessible, and Red Light Holland gets that! They also get how magical growing mushrooms can be, which is why we are excited to effect this transaction,” said Andrew Hatfield, CMO of Happy Caps. “We look forward to working as Red Light Holland’s Master Growers in Canada, and believe that together we can contribute to future growth in the ever-expanding mushroom industry.”
Further details of the proposed 80% acquisition will be announced once available.
About Happy Caps Farm
Happy Caps is an urban gourmet mushroom farm located in Halifax, Nova Scotia that specializes in quality ‘grow your own mushroom kits’, mushroom plug spawn and fresh mushrooms for the wholesale market. Grow your own Mushroom kits are available at www.HappyCaps.ca
About Red Light Holland Corp.
The Company is an Ontario-based corporation engaged in the production, growth and sale (through existing Smart Shops operators and an advanced e-commerce platform) of a premium brand of magic truffles to the legal market within the Netherlands, in accordance with the highest standards, in compliance with all applicable laws.
For additional information on the Company:
Todd Shapiro
Chief Executive Officer & Director
Tel: 647-204-7129
Email: todd@redlighttruffles.com
Website: https://redlighttruffles.com/
US ticker truff iS down under .20---i am adding 4 times my present position this week-----too cheap here even though it looks like a falling knife just now----been buying today already---tmonkey
#TRIP Closes acquisition of SR Wholesale to become leader in distribution:
https://stockhouse.com/news/press-releases/2021/03/19/red-light-holland-closes-acquisition-of-sr-wholesale-becoming-a-leader-in
#CLSH #NUMI #PSILOCYBIN #MMJ #BITCOIN #ETHEREUM #PROFIT #MONEY #INVESTING #OTC #CSE #TSXV
I dunno about the moon...
They seem to be boring toward the center of the Earth - they're almost back to where they started 2021.
It didn't get far from the launch pad before it came crashing down.
I watched a recent interview with Shapiro and I'm not sure shrooms can help that dude. I think he needs a sedative - he's really amped!
Toronto, Ontario--(Newsfile Corp. - March 19, 2021) - Red Light Holland Corp. (CSE: TRIP) (FSE: 4YX) (OTC Pink: TRUFF) ("Red Light Holland" or the "Company"), an Ontario-based corporation engaged in the production, growth and sale of a premium brand of magic truffles to the legal, recreational market within the Netherlands, is pleased to announce that its wholly-owned subsidiary, RLH Netherlands B.V. (the "Purchaser"), has completed the acquisition (the "Acquisition") of SR Wholesale B.V. ("SR Wholesale"), one of the Netherlands' premiere distributors for quality psychedelic truffles. In 2020, SR Wholesale generated over $2.44 Million in revenues[1], and over $822,0001 in gross profit, with approximately $400,0001 of cash and working capital currently on hand. SR Wholesale also distributes popular CBD products, cannabis seeds, smart shop items, and headshop products, among others. SR Wholesale has established a distribution network of over 400 companies that sell their products across Europe, including working with sub-distributors which provide products to over 1,000 shops in countries like the Netherlands, Germany, Spain, Czech, Greece, UK, France, and Portugal.
Founded in 2017, SR Wholesale has grown to become one of the most recognized and trusted distribution companies in the Netherlands. In connection with the Acquisition, Red Light Holland is excited to announce that Mr. Shai Ramsahai, Founder of SR Wholesale, has joined the Red Light Holland team on closing as Vice-President to oversee the integration of SR Wholesale into the Red Light Holland ecosystem, and grow the distribution business for Red Light Holland globally. The acquisition will create immediate synergies and enhance Red Light Holland's growth and expansion strategy by:
Creating the necessary scale to support the growth of the continuing trend towards increased usage of psychedelics, including opening up the distribution channels to hundreds of stores for Red Light Holland's iMicrodose Packs
Providing access to many new, unique and legendary product offerings within the Psychedelic sector including obtaining sole-ownership of the established Mister Maka Brand (www.MisterMaka.com) which produces Magic Truffles
Giving Red Light Holland the instant opportunity to white-label to help with brand growth, exposure and expansion
Creating new revenue generation opportunities across Red Light Holland's e-commerce platform at www.iMicrodose.nl
Allowing Red Light Holland to have access to established brands and a vast array of products in sectors outside of Psychedelics, including existing inventory to reach sales opportunities and increased profit margins
Immediately becoming a distribution leader with expertise and know how, while looking to combine the complementary skill sets to focus on increasing SR Wholesale's market share in the Netherlands and other global markets
Instantly, growing the Red Light Holland infrastructure and staff with current leaders in the psychedelic industry, including Mr. Shai Ramsahai, Founder of SR Wholesale, who will join Red Light Holland as the Company's Vice-President
Gaining invaluable access to data and personal connections, including a plentiful and important list of email, production, white-label, retail store, retail product and social contacts
"The acquisition of SR Wholesale marks the latest step in the Company's growth and expansion strategy, as we continue to move forward with a positive business outlook focused on achieving revenue growth, profitability and value creation for our shareholders. We expect this transaction to serve as a launchpad for Red Light Holland to broaden operations, create new homes for our iMicrodose packs and build brand exposure into multiple European markets. Others companies in the sector can keep telling people or assuming how people should consume psilocybin years from now, while we will continue offering people what they want right now, while concentrating on immediate revenue, profit and growth" said Todd Shapiro, the Chief Executive Officer and Director of the Company. "We are quite thrilled, after months of tough negotiations and careful due diligence, to move forward as the largest legal psychedelic distribution publicly traded company in the world.[2] As well, we are truly so pleased to work closely with Mr. Shai Ramsahai, who is one of the brightest, most determined and likeable entrepreneurs I've ever come across. And he is an absolute legend in the Netherlands!"
"This is an exciting time for both SR Wholesale and Red Light Holland. After years of hard work we have established an incredible and profitable Distribution company with a huge network across the Netherlands and Europe. I believe that moving forward with Hans Derix (Red Light Holland's President) and Todd Shapiro coupled with our extremely knowledgeable, loyal and committed team, that together we can grow our wholesale business to new heights," said Shai Ramsahai, Founder of SR-Wholesale. "I'm also incredibly proud to be joining Red Light Holland as their Vice-President to help with the smooth transition of SR Wholesale and to then focus on other opportunities for Red Light Holland with my years of experience in the creation and production of consumer goods, a deep knowledge of successful distribution and sales of copious amounts of products and my vast connections and personal relationship within the Psychedelic Sector and beyond."
The Acquisition was completed pursuant to the terms of a share purchase agreement (the "Purchase Agreement") between the Purchaser and the sole shareholder of SR Wholesale (the "Seller"). Pursuant to the Purchase Agreement, the consideration payable to the Seller for the acquisition is comprised of (i) a cash payment of ?900,000, as adjusted to give effect to the amount of cash above or below certain working capital amounts pursuant to the Purchase Agreement, and (ii) an unsecured convertible promissory note to be issued by the Company in the principal amount of ?300,000 (the "Convertible Note"). The Convertible Note bears interest at a rate of 5% per annum, payable annually at the end of each year. The principal amount and interest from time to time outstanding under the Convertible Note is convertible into common shares of the Company ("Common Shares") at a conversion price of $0.38.
The Company has also approved the grant of 1,000,000 stock options to purchase common shares of Red Light Holland to Mr. Shai Ramsahai. The options have an exercise price of $0.38 per common share and have a term of 2 years.
About SR Wholesale B.V.
SR Wholesale B.V. is a Dutch company based in Schijndel, Netherlands, specialized in the selection, distribution and export of Products such as Truffles, CBD products, cannabis seeds, Smartshop items, Headshop products, Growshop goods and Cannabis Bake House muffins, cookies and cakes. SR Wholesale has been operating successfully in the exceptionally competitive sales market for more than 4 years, in multiple European countries reaching over 1,000 retail shops.
SR Wholesale and the Seller were advised by Mr David Ivtsan, Principle, Moonstone Advisors, the advisory arm of Moonstone Finance Group Ltd.
About Red Light Holland Corp.
The Company is an Ontario-based corporation engaged in the production, growth and sale of magic truffles to the legal market within the Netherlands, in accordance with the highest standards, in compliance with all applicable laws.
For additional information on the Company, please contact:
Todd Shapiro
Chief Executive Officer and Director
Tel: 647-204-7129
Email: todd@redlighttruffles.com
Website: https://redlighttruffles.com
https://www.newswire.ca/news-releases/iiroc-trading-halt-trip-841679570.html
$TRIP $TRUFF HALTED PENDING NEWS!
It might in Ca, but I was talking about here in US and on OTC investors and OTC/Penny stocks investors, large audience!...
Has lots of exposure in Canada.
#TRIP Completes sale and import of psychedelic truffles into Canada:
https://themarketherald.ca/red-light-holland-successfully-completes-sale-and-import-of-imicrodose-psychedelic-truffles-into-canada-under-a-health-canada-approved-psilocybin-import-permit-2021-03-16/?utm_source=stockhouse.com&utm_medium=widget&utm_campaign=stockhouse.com%7Cwebpart_news%7Cquote_tab
#CLSH #NUMI #PSILOCYBIN #MMJ #INVESTING #PROFIT #BITCOIN #ETHEREUM #TSXV #CSE #OTCMARKETS #SMALLCAP #MICROCAP
this seems to be "off radar" penny stock, not many people know about this company?....needs exposure!!
RED LIGHT HOLLAND SUCCESSFULLY COMPLETES SALE AND IMPORT OF IMICRODOSE PSYCHEDELIC TRUFFLES INTO CANADA UNDER A HEALTH CANADA APPROVED PSILOCYBIN IMPORT PERMIT
Red Light Holland Corp. has completed the sale and import of the company's high-grade consumer packaged goods (iMicrodose packs) from the Netherlands to Canada under a Health Canada psilocybin import permit obtained by CCrest Laboratories Inc. in partnership with Shaman Pharma Corp.
The transaction between Red Light Holland and the Montreal, Que., based cGMP lab, CCrest Laboratories, is the first of a multiphase project to expand into the mental wellness pharmaceutical sector by demonstrating a legally compliant route for supplying raw materials containing psychoactive molecules, produced abroad by Red Light Holland and imported into Canada.
"Today is another ground-breaking, precedent-setting and defining leap forward for the entire psychedelic sector as Red Light Holland has successfully expanded the reach of iMicrodose packs across international borders. As interest in novel psychedelic therapies increase on a daily basis, we will continue to aim to take our natural-occurring packaged psilocybin products to global markets, allowing Red Light Holland to increase our distribution and sales channels. The agreement with Shaman Pharma to utilize its partnership with CCrest Laboratories is part of Red Light Holland's growth strategy, complementing the international groundwork which we established in the Netherlands, as one of the only legal sources for producing natural raw materials containing psilocybin," said Todd Shapiro, chief executive officer and director of Red Light Holland. "The collaboration with Shaman Pharma, who have successfully received our iMicrodose packs on Canadian soil, simply put, is a significant day for the company and its shareholders. We are very proud to have our Netherlands-grown magic truffles designed for responsible use via education and information in Canada. They've arrived home and Red Light Holland continues to trailblaze across the world."
The transaction is performed with the intent of exploring continued collaboration beyond successfully completing the shipment of Red Light Holland's consumer packaged goods under a Health Canada import permit. The multiphase scientific undertaking by CCrest Laboratories is planned to perform each phase of developing viable ingredients to address the demanding requirements of clinical trials, patient's special access programs and the downstream supply of production-ready substances.
"We are delighted to build a relationship with Red Light Holland as we access the global industry for the very best of both product supply and, with recognition of their position as a market leader in establishing a supply chain from Europe to North America, the ability to meet the exacting needs of a globalized medical marketplace," stated Alex Grenier, chief executive officer of Shaman Pharma and president of CCrest Laboratories. "Today, we succeeded in demonstrating our strong ability to navigate the stringent regulatory landscape for conducting international transactions of controlled substances and setting the bar for scientific excellence. Furthermore, through this collaboration with Red Light Holland, we were pleased to find that Mr. Shapiro's vision and ethic is well aligned with compatible long-term objectives for pioneering the psychedelic therapy sector in a manner that exceeds the most complex compliance requirements."
Having successfully completed the transaction, Red Light Holland and Shaman Pharma are jointly looking forward to pursuing the next phases in evaluating the potential of the company's psilocybin-containing raw materials as a viable source for high-quality active pharmaceutical ingredients. This world-first achievement marks an important milestone in securing a stronghold position at the forefront of the industry to supply the eventual manufacturing of psychiatric drugs as well as for other scientific and medical purposes.
As well, subject to regulatory approval, Red Light Holland has engaged HE Capital Markets Ltd. to design and implement a North American multimedia digital advertising campaign for Red Light Holland on certain investor-focused and financial market websites. HE will also provide other media communications services to raise the company's overall corporate profile in North America.
The cash consideration to be paid by the company for these services consists of $30,000 (U.S.) for a three-month campaign. HE acts at arm's length to Red Light Holland and is a London-based investor relations and capital markets advisory firm, providing comprehensive communications solutions to public company clients in North America and Europe through a combination of investor relations, public relations, and digital and social media services. HE's office address is 6 Hays Lane, London Bridge, London, SE1 2HB, United Kingdom.
About Red Light Holland Corp.
The company is an Ontario-based corporation engaged in the production, growth and sale (through existing smart shops operators and an advanced e-commerce platform) of a premium brand of magic truffles to the legal market within the Netherlands, in accordance with the highest standards, in compliance with all applicable laws.
Sector is in green but trip is red. Where is the CEO still in
St Vincent?
#TRIP Publicity:
https://www.benzinga.com/markets/cannabis/21/03/19952345/how-red-light-holland-is-bringing-psilocybin-truffles-mainstream
#CLSH #NUMI #BITCOIN #ETHER #MMJ #PSILOCYBIN #OTC #CSE #TSXV #MONEY #INVESTING #PROFIT #SMALLCAP #MICROCAP
Todd interview with cannabis investor. He is in the right place at the right time :)
To those who say that the mascot is stupid... I bet you have not micro dosed or ever used psychs and would not understand the impressive and thoughtful features that each of these have and can mean for a user both in a therapeutic and recreational sense.
The Three Wisdom Truffle Models are named:
1) Moon: which is expected to include a Pulse sensor, multicolour LEDs, bluetooth connected. Moon is a hand held figurine, first-of-its-kind meditation aid and biorhythm communication device. This Wisdom Truffle shows insights into the autonomic nervous system as the lights respond to the person's heartbeat. Heart rate data can be added to the iMicro Journal app to keep track of physiological changes correlated to microdosing or meditation. Supports multiplayer mode allowing for a unique form of group meditation or connection.
2) Star: which is expected to include a wireless phone charger for Qi enabled devices, multicolor LEDs, bluetooth speaker. Star is a lamp size figurine that helps build a healthier relationship with mobile devices promoting presence and focus. This Wisdom Truffle connects to the iMicro journal app tracking phone usage and rewarding healthy breaks. This Wisdom Truffle also brings the gifts of light and superb sound to any room.
3) SuperNova: which is expected to include a Mini computer running Tensorflow pose detection AI models, Camera, multicolour LEDs, bluetooth speaker. SuperNova is a life sized figurine (1 Meter tall) equipped with Artificial Intelligence that understands body movements. This Wisdom Truffle creates unique interactive audio-visual experiences based on dances, stretches and more. Supports multiplayer mode for galleries, conventions, stores and more.?
#TRIP Engages former Canadian Special Operation's Officer for its advisory board:
https://ceo.ca/@newsfile/red-light-holland-engages-former-canadian-special-operations
#CLSH #NUMI #MMJ #PSILOCYBIN #MONEY #PROFIT #INVESTING #SMALLCAP #MICROCAP #CSE #OTC #TSXV
yeah. they have great potential. the mascot is DUMB...LOL WTF. pay that idiot how many shares to scribble something up while he was on the toilet.. Psychedelic sector gonna need a jump start soon.
doubled down today--gottsa say i didnt like them wasting time on that new mascot--as if they should use time on such cra¤-----------tmonkey
Red Light Holland is in the midst of conducting extensive due diligence on the
business and operations of Mera Life, which is expected to be completed on or before February 28, 2021.
The details of the Mera Life Acquisition are also described in Section K of “Developments Subsequent to
the Financial Year ended March 31, 2020” in the Annual Information Form.
https://webfiles.thecse.com/RLH_-_Final_Prospectus_Feb_17_2021.pdf?X741qwuc05LB01cCFSL6IS4PIzY.TKWN
added eod here----the red day made it easy---will look to add next week also ---tmonkey
#TRIP Gets authorization to sell and import products to Brazil:
https://themarketherald.ca/red-light-holland-imicrodose-pack-receives-authorization-for-the-first-legal-import-and-sale-of-psilocybin-truffles-to-brazil-2021-02-25/?utm_source=stockhouse.com&utm_medium=widget&utm_campaign=stockhouse.com%7Cwebpart_news%7Cnews_tab
#CLSH #NUMI #PSILOCYBIN #MMJ #CSE #TSXV #OTC #MONEY #PROFIT #INVESTING
$TRIP Closes 11.6 million dollar financing:
https://ceo.ca/@newsfile/red-light-holland-announces-closing-of-116-million
$CLSH $NUMI #MONEY #PROFIT #INVESTING #MMJ #PSILOCYBIN #TSXV #OTC #CSE
As far as I’m concerned Todd is the real deal. Shows his passion & enthusiasm. Is surrounded by a great team.
Bought in last summer/ Fall, & no thoughts of selling. The present PPS will look cheap down the road. No pumping needed for TRIP/ TRUFF. Everything about what the Company is & will be is above board.
the US ticker is red as a stop sign---someone wants out??-a good time to add soon--and i will----tmonkey
your feeds got me looking again at this one---had them way back when their traction was slow---looks like they are making things happen ---investers in placement got in cheap and i think pps can come back to that pps-watching again--still a ways to go to .44 can.$--had shrm and mmed also but this one was my favorite---tmonkey
But kinda goofy this here, no ?.....(LIVE interview)
Youtube
Seems to be helping TRIP Plus so might the Brazil News
Today = the first day that I've ever looked at TRIP
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=ca%3Atrip&x=48&y=12&time=100&startdate=11%2F4%2F2020&enddate=3%2F10%2F2021&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=50+200&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
https://www.newsfilecorp.com/release/75444
Red Light Holland iMicrodose Pack Receives Authorization for the First Legal Import and Sale of Psilocybin Truffles to Brazil
Anvisa, The Brazilian Health Regulatory Agency has granted a permit to import the Company's iMicrodose Pack by way of the Country's 'named patient import process' for prescribed medical use
Toronto, Ontario--(Newsfile Corp. - February 25, 2021) - Red Light Holland Corp. (CSE: TRIP) (FSE: 4YX) (OTC: TRUFF) ("Red Light Holland" or the "Company"), an Ontario-based corporation engaged in the production, growth and sale of a premium brand of magic truffles to the legal, recreational market within the Netherlands, is extremely pleased to announce that Anvisa, Brazil's National Health Regulatory Agency, has granted authorization for the Company's iMicrodose packs, which contain 15g of Psilocybin Truffles, to be legally imported to Brazil via the 'named patient import process' for prescribed medical patient use.
"We are grateful for our collaborative relationship with Disruptive Pharma who worked closely with the Brazilian Health Regulatory Agency to secure authorization to import Red Light Holland's iMicrodose packs, with our natural-occurring branded Psilocybin Truffles, to be imported and sold in Brazil for Medical use, as our branded iMicrodose packs have officially been prescribed by a doctor to a patient in Brazil," said Todd Shapiro, CEO and Director of Red Light Holland. "This is a monumental day for the Company, and we are so proud to be a part of providing legal access of psilocybin to Brazil and for the first time having our product prescribed by a physician for medical use."
Red Light Holland's iMicrodose packs have been shipped to Disruptive Pharma's MyPharma2Go logistics hub in the Netherlands to start their journey to Brazil. Once landed in Brazil, MyPharma2Go is expected to deliver the iMicrodose packs to a Brazilian patient as they have been pre-prescribed by a physician, before the end of March 2021.
This approval and shipment represent a significant advancement in opening the legal and medically approved market for psilocybin in Brazil, a country with a population of over 200 million people. Shapiro added: "This early process working alongside Disruptive Pharma's MyPharma2Go.com, a large Brazilian online pharmaceutical and supplement distributor, has been an absolute pleasure and one we are thankful for. We are pleased to do our part to potentially be a part of positive change in Brazil, and to steal a line from Neil Armstrong: This is one micro step for man, one macro leap for mankind."
Red Light Holland and Disruptive Pharma continue to work towards finalizing their proposed joint venture structure and agreement, as previously disclosed in the Company's news release dated December 14, 2020. In consideration for Disruptive Pharma having met these initial milestones, the Company has agreed to issue to Disruptive Pharma, 3,000,000 common share purchase warrants, each warrant is exercisable into one common share of the Company at a price of $0.50 per share for a period of 2 years. 750,000 of these warrants have vested immediately based on Disruptive Pharma having fulfilled these milestones, the balance vest upon future milestones being met. These warrants and any underlying shares issued upon exercise, are subject to a statutory hold period of 4 months and 1 day.
About MyPharma2GO
In Brazil and other LatAm countries, specific legislation permits consumers to import medicines, medical devices, OTCs and health products. Established in 2018 and headquartered in the US, Mundihealth / MyPharma2Go uses this legislation to bring HCP-focused pharmaceuticals and/or B2C supplements towards the region. By contracting MP2Go's business services, companies can launch products within 30 days following agreement, legally sidestepping a 1-3 year registration process with Health Authorities, anticipating revenue and testing the market without committing high monetary investment. Once the prescription has been generated and the product purchased, MP2Go dispatches it from its FDA-approved warehouse in Florida, Netherlands or Israel via its proprietary courier service. This permits full tracking of the items, which are delivered directly to the consumer in 7-10 business days under full compliance of Health Authorities and Customs. Customer Care is also a priority for the company, covering all aspects of the HCP and patient/consumer journeys aiming recurrence and solid growth for all brands allied to great user experience.
About Red Light Holland Corp.
The Company is an Ontario-based corporation positioning itself to engage in the production, growth and sale (through existing Smart Shops operators and an advanced e-commerce platform) of a premium brand of magic truffles to the legal market within the Netherlands, in accordance with the highest standards, in compliance with all applicable laws.
https://www.newsfilecorp.com/release/74827?fbclid=IwAR2iQwIXy6JaHtfAINSDUXeIc40geeAEkbQFsMGCn-USo5JdoYjp2ULKI0o
NEWS OUT!!!!!!!!!!!!!!!!!!!!! $TRIP IS CASHED UP !!
Actually, make that a great day.
Nice, another good day for Red Light Holland.
$TRUFF: Holding 400k of $TRUFF
They shut the TRUFF board down for whatever reason.
Anyways, here with you guys !!!!!
Average of $0.25
GO $TRUFF
No doubt TRIP/TRUFF will continue to climb. A fantastic CEO & Company. They’re the real deal.
My guess next level is .88 cents then $1.25 I hope soon.
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