- Red Light Holland has signed a letter of intent to acquire an 80 per cent stake in Happy Caps Farm in Nova Scotia
- Happy Caps is an urban gourmet mushroom farm that specializes in quality 'grow your own mushroom kits'
- 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 in the Netherlands
- Red Light Holland (TRIP) is steady, trading at $0.29 per share
Red Light Holland announced that the company intends to acquire an 80 per cent stake in Happy Caps Farm in Nova Scotia.
Happy Caps Farm is one of Nova Scotia's most unique gourmet mushroom farms, cleverly positioned in the mushroom plug spawn business.
The company sells fresh mushrooms for the wholesale market and specializes 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," said Red Light Holland CEO Todd Shapiro.
"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," added Shapiro.
"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," said Happy Caps CEO Andrew Kobayashi.
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.Red Light Holland (TRIP) is steady, trading at $0.29 per share as of 3:36 pm ET.