Red Light Holland's Profile

Red Light Holland’s goal is to grow, distribute and market a premium brand of magic truffles to the legal, recreational market within the Netherlands, and we can't wait to shift the existing paradigm to direct further attention to the legal and responsible use of magic truffles.
Red Light Holland
Symbol
TRIP
Exchange
CSE
Shares
335,262,421 Sept. 2021
Industry
Psychedelics
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TREASURER
Last Posted:
03/23/2021
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133

Red Light Holland's Bulletin

Live Stream on the Company's Social Media Handles, Including www.youtube.com/redlightholland at 8:30 am Eastern Time on Thursday, June 17th Red Light Holland Corp. (CSE: TRIP) (FSE: 4YX) (OTC Pink: TRUFF) ("Red Light Holland") is pleased to announce that it will host a live stream with a supplemental presentation alongside Creso Pharma Limited (ASX: CPH) (FSE: 1X8) (OTCQB: COPHF) ("Creso Pharma") on Thursday, June 17th, 2021 at 8:30 a.m. Eastern Time to discuss the previously announced strategic business combination. The presentation will go over the transaction in detail, including key terms, strategic objectives, and potential synergies. Pursuant to the transaction, Red Light Holland will be the surviving entity in the proposed merger and all current holders of Red Light Holland securities, including options and warrants, will have no change in their current holdings. Upon closing of the transaction, it is expected that the combined company will retain Red Light Holland's listing on the Canadian Securities Exchange. The proposed transaction represents an implied premium for Red Light Holland shareholders of approximately 29.9% based on the 30-day volume weighted average trading prices of the ordinary shares of Creso Pharma and common shares of Red Light Holland as of the close of markets on June 15, 2021. Accordingly, the implied price for each share of Red Light Holland is approximately C$0.43 based on the closing prices on June 15, 2021. Live Stream Details YouTube - https://www.youtube.com/redlighthollandTwitch - https://www.twitch.tv/redlighthollandTwitter - https://twitter.com/redlighthollandFacebook - https://www.facebook.com/redlightholland For additional information on Red Light Holland: Todd ShapiroChief Executive Officer & DirectorTel: 647-204-7129Email: todd@redlighttruffles.comWebsite: https://redlighttruffles.com/ For additional information on Creso Pharma: EverBlu CapitalE: info@everblucapital.comP: +61 2 8249 0000 Six Degrees Investor Relations Ben Jarvis P: +61 (0) 413 150 448 About Red Light Holland Red Light Holland 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. About Creso Pharma Creso Pharma Pharma Limited (ASX: CPH) brings the best of cannabis to better the lives of people and animals. It brings pharmaceutical expertise and methodological rigor to the cannabis world and strives for the highest quality in its products. It develops cannabis and hemp derived therapeutic, nutraceutical, and life style products with wide patient and consumer reach for human and animal health. Creso Pharma uses GMP (Good Manufacturing Practice) development and manufacturing standards for its products as a reference of quality excellence with initial product registrations in Switzerland. It has worldwide rights for a number of unique and proprietary innovative delivery technologies which enhance the bioavailability and absorption of cannabinoids. To learn more please visit: www.Cresopharma.com        
Specializing in Grow-At-Home Mushroom Kits 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 in the Netherlands, is pleased to announce that is has completed the acquisition of an 80% stake in 4316747 Nova Scotia Limited ("Happy Caps"). Happy Caps Mushroom Farm in Nova Scotia, Canada, is a unique gourmet mushroom farm, cleverly positioned in the mushroom plug spawn business, selling fresh mushrooms for the wholesale market and specializing in 'grow your own mushroom kits' with sales in Canada and the United States. The transaction is immediately revenue accretive, and the Company will aggressively pursue additional revenue growth opportunities, including potentially introducing Happy Caps' products to Europe via SR Wholesale, RLH Netherlands B.V.'s wholly-owned wholesale company which has established a distribution network of over 400 companies that sell products across Europe. Happy Caps' two founders, CEO, Andrew Kobayashi and CMO, Andrew Hatfield (collectively, the "Vendors") bring a wealth of growing expertise and their 'know how' will be valuable for Red Light Holland's broader and future operations. Additionally, this expertise can be leveraged as the Company considers introducing functional mushroom products in the future. The acquisition of Happy Caps presents a brand building opportunity for Red Light Holland, as Happy Caps products powered by Red Light Holland will reach more consumers in a plethora of markets. Finally, the Happy Caps product suite will serve as a strong platform to launch grow-at-home products of varying species and strains in the future, if and when regulations permit. "Growing your own mushrooms is going from the ground to the moon. Red Light Holland understands the popularity of functional mushroom products are a part of the overall sector which we can't ignore. As I've made clear in the past, we are planning for and believe in an entire world where one day adults may legally have the ability to access natural-occurring psilocybin, and much like The Cannabis Act, which permits adults to cultivate up to 4 cannabis plants per household, have the ability to grow magic mushrooms at home for responsible, personal use and potentially approved natural-occurring medicinal use." said Todd Shapiro, CEO and Director of Red Light Holland. "Our acquisition of Happy Caps has that long-term idea in mind, but until that becomes a reality we are incredibly excited by the opportunity to accelerate Happy Caps' already impressive growth trajectory within the grow-at-home gourmet mushrooms segment while increasing our world class brand and putting a spotlight on it! We're also going to ramp up these Beauties' social media pages and make sure to go to www.HappyCaps.ca or Amazon to order your kits today!" "Getting to know the Red Light Holland team over the last several months has given us strong conviction in the Company's strategic objectives," said Andrew Kobayashi, CEO of Happy Caps. "We look forward to working with the Red Light team and leveraging their distribution networks and relationships in order to get our kits into an ever increasing number of homes, both in Canada and hopefully abroad. We also look forward to being another important piece to this incredibly cool and progressive Company!" The Acquisition was completed pursuant to the terms of the definitive agreement (the "Acquisition Agreement") dated June 10, 2021, pursuant to which Red Light Holland acquired 80% of the issued and outstanding shares of Happy Caps for $450,000. The consideration was comprised of $50,000 cash and 1,290,323 common shares of the Company (the "Red Light Shares"), with each Red Light Share priced at $0.31 being the 10-day volume weighted average price of the Red Light Shares on the Canadian Securities Exchange immediately prior to the closing of the Acquisition. The Acquisition Agreement provides for up to $550,000 of earn out payments to be made to the Vendors subject to reaching certain sales milestones, with all milestones subject to minimum gross margin requirements. In addition to the foregoing, as per the terms of the Acquisition Agreement, the Vendors have granted the Company an option to acquire all the remaining shares in Happy Caps not held by the Company, thus allowing Red Light Holland to become the sole shareholder of Happy Caps (the "Call Option"), at a 100% enterprise value equal to $2,500,000. The Call Option will be exercisable at any time following a period of two (2) years from closing. The consideration under the Call Option, if exercised, may be satisfied in Red Light Shares, on the basis of a deemed price per Red Light Share equal to the volume weighted average price per Red Light Share on the CSE for the 10 consecutive trading days preceding closing of the Call Option. 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 ShapiroChief Executive Officer & DirectorTel: 647-204-7129Email: todd@redlighttruffles.comWebsite: https://redlighttruffles.com/  
https://www.cnbc.com/video/2021/06/08/the-case-for-legalizing-and-investing-in-psychedelics.html * microdosing* The case for legalization* Paradigm shift in capacity for psychedelics on mental health* Psylocybin* MDMA* LSD MDMA assisted therapy showed 70% of chronic severe PTSD had resolution."Next level efficacy" SOURCE: https://www.cnbc.com/video/2021/06/08/the-case-for-legalizing-and-investing-in-psychedelics.html