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RED LIGHT HOLLAND CORP - TRUFF STOCK NEWS

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Red Light Holland Corp (CSE: TRIP) is a company focused on the production, growth, and sale of functional mushrooms, mushroom home grow kits, and a premium brand of psilocybin truffles. The company has recently partnered with Agro-Projects Export to construct a state-of-the-art vertical mushroom farm in Ontario. With ongoing projects in mushroom cultivation and extraction processes, Red Light Holland aims to revolutionize the mushroom industry and meet the rising demand for organic, high-quality mushrooms in global markets.

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Red Light Holland Corp. announces an amended and restated IP license agreement with Mistercap , pivoting its line of mushroom grow kits towards retail and distribution channels. The agreement removes guaranteed payments to Mistercap , introduces royalty payments of 15% for sales under the Mistercap's brand, and 20% for sales from their website. The agreement extends the original IP Agreement to a 5-year term, includes a one-time catch-up payment of US$175,000, and eliminates the issuance of the Company's common shares as part of any consideration. Red Light Holland can now focus on developing retail and distribution channels for the Mistercap's brand, aligning with strategic objectives to expand its reach and drive long-term value for shareholders.
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Red Light Holland successfully completes the largest shipment of psilocybin truffles from its farm in the Netherlands to Canada, marking a significant milestone in its collaboration with CCrest Labs and PharmAla Biotech. The company aims to advance psychedelic research by developing a process for commercial manufacturing of natural-source Active Pharmaceutical Ingredient (API) derived from its truffles.
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Red Light Holland Corp. announces a significant milestone in its Research and Development collaboration with CCrest Laboratories Inc., exporting 5 kg of natural psilocybin truffles to Montreal, Canada.
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Red Light Holland Corp. partners with Professor David Nutt and Drug Science to analyze data from its microdosing app for psilocybin truffles. The collaboration aims to study the potential benefits of psilocybin microdosing in a legal environment, focusing on developing evidence-based regulations.
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Red Light Holland Corp. announces a partnership milestone with Mistercap , as Urban Outfitters selects MISTERCAP'S Mushroom Home Grow Kits for retail and online sales in the USA. The collaboration aims to expand the accessibility of legal mushroom cultivation to a wider audience, marking a significant development in the legal mushroom market.
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Red Light Holland Corp. announces a 100% increase in the number of points of sale for Happy Caps Mushroom Home Grow Kits, now available in over 270 retail stores across Canada. The expansion highlights the growing demand for fresh mushroom products in the health and wellness market.
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Red Light Holland Corp. initiates a research project to develop a process for manufacturing natural-source Active Pharmaceutical Ingredient (API) derived from psilocybin truffles. The project aims to produce high-margin Psilocybin medical products and gain valuable intellectual property. Researchers from PharmAla Biotech will manage the project, focusing on extraction and purification of Psilocybin for use in various markets.
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Red Light Holland Corp. announces strong financial performance with a cash balance of $15.4 million, revenue increase of 9.9% to $1.3 million, and total assets of $27.3 million. The company's strategic growth goals are being met, with sales increasing by 9.9% for the 3-month period and 28.9% for the 9-month period compared to the prior year. Red Light Holland focuses on production, distribution, and marketing to enhance long-term growth and shareholder value.
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Red Light Holland to export its largest batch of 5 kg of Psilocybin Truffles to Canada under a 5th Health Canada approved import permit, collaborating with CCrest Laboratories and PharmAla Biotech for R&D towards producing standardized psilocybin products for clinical trials and emerging markets.
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Red Light Holland Corp. (TRIP) announces the release of its Q3 2024 financial and operational results on February 29, 2024. CEO Todd Shapiro and CFO David Ascott will conduct a live Q&A session. The company specializes in functional mushrooms and psilocybin truffles in North America, Europe, and the Netherlands.
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FAQ

What is the current stock price of RED LIGHT HOLLAND (TRUFF)?

The current stock price of RED LIGHT HOLLAND (TRUFF) is $0.03 as of December 24, 2024.

What is the market cap of RED LIGHT HOLLAND (TRUFF)?

The market cap of RED LIGHT HOLLAND (TRUFF) is approximately 13.2M.

What is Red Light Holland's primary focus?

Red Light Holland specializes in the production, growth, and sale of functional mushrooms, mushroom home grow kits, and a premium brand of psilocybin truffles.

What recent partnership has Red Light Holland announced?

Red Light Holland has partnered with Agro-Projects Export to construct a state-of-the-art vertical mushroom farm in Ontario, marking a significant step in revolutionizing the mushroom industry.

What markets does Red Light Holland aim to serve?

Red Light Holland aims to meet the rising demand for organic, high-quality mushrooms in both domestic and international markets.

What endeavors is Red Light Holland pursuing in the mushroom industry?

Red Light Holland is involved in ongoing projects related to mushroom cultivation and extraction processes to optimize production and meet market demands.

RED LIGHT HOLLAND CORP

OTC:TRUFF

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TRUFF Stock Data

13.17M
371.97M
6.72%
Drug Manufacturers - Specialty & Generic
Healthcare
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United States of America
Toronto