Red Light Holland - Director and CEO, Todd Shapiro (right).
Director and CEO, Todd Shapiro (right).
Source: Daily Hive.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • 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.

More From The Market Herald

" Optimi Health (CSE:OPTI) acquires catalog of psychedelic and functional mushroom genetics

Optimi Health (OPTI) has acquired a catalog of psilocybin and functional mushroom strains.

" Nirvana Life Sciences Inc (CSE:NIRV) signs LOI with Innovate Phytotechnologies Inc

Nirvana Life Sciences (NIRV) has  signed a letter of intent with Innovate Phytotechnologies Inc. (INVP)
Clearmind Medicine - CEO, Adi Zuloff Shani.

" Clearmind Medicine (CSE:CMND) announces upcoming pre-IND meeting with the FDA

Clearmind (CMND) will participate in a pre-IND meeting with the FDA on May 18, 2022.
Red Light Holland - Advisor, Akwasi Owusu Bempah.

" Red Light Holland (CSE:TRIP) adds Akwasi Owusu-Bempah to Advisory Board

Red Light Holland (TRIP) has hired drug law expert Akwasi Owusu-Bempah as its newest advisor.