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Red Light Holland (TRIP) - Director and CEO, Todd Shapiro
Director and CEO, Todd Shapiro
Source: Daily Hive
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  • Red Light Holland (TRIP) has increased points of sale for its iMicrodose Packs in the Netherlands by 144 per cent
  • iMicrodose is a non-synthetic premium truffle microdosing kit containing product in its¬†natural, raw and unprocessed form
  • Microdosing involves the consumption of smaller doses on a scheduled routine, as opposed to a typically larger recreational dose
  • Red Light Holland is engaged in the production, growth and sale of magic truffles in the Netherlands
  • Red Light Holland (TRIP) is trading flat at $0.24 per share

Red Light Holland (TRIP) has increased points of sale for its iMicrodose Packs in the Netherlands by 144 per cent.

iMicrodose is a non-synthetic premium truffle microdosing kit containing product in its natural, raw and unprocessed form.

Microdosing involves the consumption of smaller doses on a scheduled routine, as opposed to a typically larger recreational dose.

The company currently has over C$31 million in cash and cash equivalents on its balance sheet to support future growth.

Todd Shapiro, CEO and Director of Red Light Holland, commented,

“Over the last few months, we have continued executing on our goal to increase both the availability of our products and our brand’s visibility. iMicrodose Packs powered by Red Light Holland are now available in 144 per cent more locations than previously announced.

Relationships held by our wholly-owned distribution company SR Wholesale account for 13 new locations, demonstrating some of the synergies that we strategically planned to realize from the recently closed acquisition.

We look forward to continuing to conservatively deploy capital into growth opportunities that support our long-term business objectives, while SR-Wholesale continues to do a major sales push across the Netherlands.

We have a clear plan to get Red Light Holland products into many more retail stores hopefully for the Summer market, while also concentrating on growing our online sales.”

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

Red Light Holland (TRIP) is trading flat at $0.24 per share as of 2:27 pm ET.

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