08:42:58 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Red Light Holland Corp
Symbol TRIP
Shares Issued 335,262,421
Close 2023-01-10 C$ 0.09
Market Cap C$ 30,173,618
Recent Sedar Documents

Red Light Holland hires CLE for CDS licence application

2023-01-11 11:11 ET - News Release

Mr. Todd Shapiro reports

RED LIGHT HOLLAND ENGAGES CLE, LICENSING EXPERTS, TO ASSIST WITH OBTAINING CONTROLLED DRUGS AND SUBSTANCES DEALER'S LICENCE

Red Light Holland Corp. has retained psychedelic consultants Cannabis License Experts Inc. (CLE) to assist the company with an application for a controlled drugs and substances dealer's licence, which will be utilized for the purposes of psilocybin production, research and development at the company's mushroom production facility in New Brunswick, Canada.

CLE will consult Red Light Holland on the CDS licence application process by preparing a description for each of the 11 security levels and requirements as per the directive on physical security requirements for controlled substances and drugs containing cannabis, including creating a security template, floor plan and security proposal, ensuring the proper individuals are in place (senior person in charge, qualified person in charge and alternate qualified person in charge), and assessing the substances being used for the proposed activities. In addition, CLE will provide continuing assistance by responding to inquiries from the Office of Controlled Substances at Health Canada and assisting with all other relevant matters pertaining to obtaining the CDS licence.

"We are committed to expanding our psilocybin production, research and development in Canada. Red Light Holland believes that now is the time to start looking to pave this path forward," said Todd Shapiro, chief executive officer and director of Red Light Holland.

"As Health Canada carefully rolls out their special access program, we will aim to advance our $2.5-million certified organic and SQF certified facility, AEM New Brunswick Farm, which is producing close to 5,000 pounds of shiitake mushrooms per week, to potentially also becoming a cGMP-grade cultivation facility for naturally occurring psilocybin mushrooms. While there are still many steps ahead, Red Light Holland has always aimed at having our own cGMP-grade CDS licensed mushroom cultivation facility with further hopes of becoming a supplier of standardized and safe naturally occurring psilocybin. We are excited to start this process and feel very comfortable working with CLE, who have a stellar reputation and an excellent close rate at achieving successful licenses when working with companies who have had similar goals as ours," further added Mr. Shapiro.

Red Light Holland will keep shareholders up to speed on the project, security plans, potential construction and retrofit of the AEM New Brunswick Farm, CDS licence application and Health Canada correspondence.

About Red Light Holland Corp.

Red Light Holland is an Ontario-based corporation engaged in the production, growth and sale of functional mushrooms and mushroom home grow kits in North America and Europe, and a premium brand of psilocybin truffles to the legal, recreational market within the Netherlands, in compliance with all applicable laws.

We seek Safe Harbor.

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