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Red Light Holland - Director and CEO, Todd Shapiro (Right).
Director and CEO, Todd Shapiro (Right).
Source: Daily Hive.
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  • Red Light Holland (TRIP) has appointed David Ascott as its new Chief Financial Officer
  • Mr. Ascott will replace Kyle Appleby as CFO effective November 2, 2021
  • He has over 30 years of experience and recently served as CFO for a private cannabis producer
  • Red Light Holland is an Ontario-based corporation engaged in the production, growth and sale of a premium brand of magic truffles
  • Shares in Red Light Holland Corp. (TRIP) are up 5.41 per cent, trading at $0.195 per share

Red Light Holland (TRIP) has appointed David Ascott as its new Chief Financial Officer.

Mr. Ascott will replace Kyle Appleby as CFO effective November 2, 2021. Mr. Appleby will assist with a smooth transition before moving on to focus on new opportunities.

“This is a significant day for Red Light Holland and all of our shareholders,” said Todd Shapiro, CEO and Director of Red Light Holland. “David Ascott will immediately help us with several important growth initiatives including increasing revenue growth and potential future M&As.”

A CPA with over 30 years of experience, Mr. Ascott began his career in public practice with Ernst & Young. From 2011 to 2018, he served as CFO for Rocky Mountain Dealerships Inc.

Most recently, Mr. Ascott held a position as CFO with an early stage private cannabis producer.

“Todd Shapiro and I interviewed numerous candidates,” said advisory board chair Bruce Linton, “and together we realized David’s astute financial leadership with regulations, reporting, budgeting, operations and being a part of a team that grew revenues to $1 billion with a past company, would all lend well to helping with strategic growth and compliment our careful spending habits.”

In consideration of Mr. Ascott’s services, on top of his salary agreement, the company has granted him 1,000,000 incentive stock options.

“It is exciting to be joining a pioneering company in a growth sector,” added Mr. Ascott. “The Red Light Holland team has the commitment and expertise to execute its strategic initiatives for the potential of psychedelics to help with positive change and continually lead the charge on providing access.”

Red Light Holland is an Ontario-based corporation engaged in the production, growth and sale of a premium brand of magic truffles to the legal market within the Netherlands.

Shares in Red Light Holland Corp. (TRIP) are up 5.41 per cent, trading at $0.195 per share as of 12:04 pm ET.

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