Mr. Todd Shapiro reports

RED LIGHT HOLLAND ANNOUNCES SIGNIFICANT INCREASE IN COSTCO CANADA REORDER FOR HAPPY CAPS 2KG "MEGA BLOCK" MUSHROOM HOME GROW KITS

Red Light Holland Corp.'s wholly owned subsidiary, 4316747 Nova Scotia Ltd. (operating as Happy Caps Mushroom Farms), has received a substantial reorder from Costco Canada. This reorder includes 26,880 units of the popular Happy Caps Mega Block two-kilogram mushroom home grow kits, marking a 33.33-per-cent increase from the previous order of 20,160 units.

This significant reorder, expected to be in stores nationwide in mid-September, 2024, from Costco Canada, underscores the continued strong demand and growing consumer interest in the Happy Caps mushroom home grow kits, which offer a simple and sustainable way to cultivate fresh mushrooms at home. The two-kilogram Mega Block kits, featuring shiitake, lion's mane and oyster mushroom varieties, have continued to gain popularity since their initial launch.

Furthermore, based on the previously announced (July 11, 2024) informal projection letter received from Costco Canada, Happy Caps anticipates an additional order of approximately 13,500 units in October, 2024. This projected order reflects Costco's continued confidence in Happy Caps' products and highlights the expanding footprint of Happy Caps within the Canadian retail market.

"We are thrilled with the continued support and enthusiasm from Costco Canada," said Todd Shapiro, chief executive officer and director of Red Light Holland. "This increased order volume and the expected future order for October, 2024, not only signifies the success of our partnership but also demonstrates the growing demand for sustainable home grow kits in the market. We remain committed to providing high-quality mushroom cultivation solutions to our customers."

Happy Caps continues to scale and explore further opportunities with major retailers across North America and Europe as it expands its distribution network and strengthens its position as a leader in the mushroom home grow kit market.

About Happy Caps Mushroom Farm

Happy Caps is an urban gourmet mushroom farm specializing in quality grow-your-own-mushroom kits and mushroom plug spawn.

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.