Red Light Hollan - TRUFF STOCK NEWS

On May 15, 2024, Red Light Holland (OTCQB: TRUFF) announced a collaboration between its subsidiary, AEM Farms, and Agro-Projects for a $5.5 million expansion project in Peterborough, Ontario. The project involves constructing an 85,000 sq. ft. vertical mushroom farm and composting facility, expected to produce 15,000 tons of mushroom compost and 7.5 million pounds of fresh mushrooms annually. The construction is underway, with completion anticipated by January 2025. Agro-Projects, a Polish firm, will supply labor, materials, and equipment, to be paid €3.7 million in installments. The venture aims to support Red Light Holland's operations with large-scale exotic mushroom production to meet rising demand in Canada and the U.S.

Red Light Holland Corp. announces a national partnership between its subsidiary, Happy Caps Mushroom Farms, and Costco Canada for the sale of a new Happy Caps 'Mega Block' 2kg Mushroom Home Grow Kit comprising of Shiitake, Lion's Mane, and Oyster mushroom varieties. The deal includes an initial order of over 20,000 units set to hit Costco locations across Canada in late May 2024. This partnership marks a significant expansion for Happy Caps and underscores the growing demand for fresh mushroom products in the health and wellness market.

Red Light Holland announces the successful initiation of the psilocybin extraction phase with PharmAla following testing and preparation by CCrest Labs. The company shipped dehydrated truffles for extraction to develop a product for clinical research and emerging markets.

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.

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.

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.

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.

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.

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.