Mr. Todd Shapiro reports

RED LIGHT HOLLAND'S WHOLLY OWNED SUBSIDIARY HAPPY CAPS PARTNERS WITH TRAILBRIDGE MUSHROOM FARMS TO EXPAND MUSHROOM HOME GROW KIT PRODUCTION IN THE USA

Red Light Holland Corp.'s subsidiary, 4316747 Nova Scotia Ltd. (Happy Caps Mushroom Farms) has entered into a strategic partnership with Trailbridge Mushroom Farms, based in Lacomb, Oregon, who specialize in cultivating delicious gourmet mushrooms and supplying the Pacific Northwest and beyond. This collaboration is set to significantly enhance the production and distribution of Happy Caps' innovative mushroom home grow kits, in all three varieties, including shiitake, oyster and lion's mane throughout the West Coast of the United States.

Red Light Holland is dedicated to pioneering advancements in the mushroom industry. The company's latest venture with Trailbridge Farms underscores its commitment to expanding its market presence, production capabilities, and help with more efficient logistics and shipping in the United States.

The partnership will utilize Trailbridge Farms' facilities, connections and expertise in mushroom cultivation and packaging to meet the growing demand for Happy Caps' products.

Partnership details

Trailbridge Farms will employ a one-kilogram/2.2-pound automation bagging machine, provided on loan by Happy Caps, to co-package Happy Caps' mushroom home grow blocks. This collaboration will boost production capacity and facilitate greater availability of Happy Caps' products across the West Coast.

"We are thrilled to collaborate with Trailbridge Farms, a highly regarded name in the mushroom industry, to expand our production capabilities and market reach in the U.S.," said Todd Shapiro, chief executive officer and director of Red Light Holland. "We are committed to selling high-quality mushroom home grow kits which ensure our consumers will grow, cultivate and ultimately eat the freshest mushrooms possible. Trailbridge Farms' extensive experience will play a crucial role in ensuring we meet the increasing demand for our mushroom home grow kits as we look to expand into major retail stores in the U.S."

Pro-active expansion strategy

As part of its strategic vision, Red Light Holland is committed to being proactive rather than reactive in its approach to market expansion. This partnership with Trailbridge Farms aligns with our goal to not only meet current demand but also to anticipate future growth opportunities. We are focused on expanding into major retail chains across the U.S. and ensuring that our products are readily available to consumers nationwide. This pro-active strategy will allow us to capitalize on emerging market trends and establish a strong presence in key retail sectors.

Looking ahead

Red Light Holland is also exploring the potential for Trailbridge Farms to produce additional brands under its extensive portfolio. This initiative aligns with Red Light Holland's strategic vision of leveraging its partnerships to enhance production efficiency and diversify its product offerings.

Live Q&A (question and answer) session update (Thursday, Sept. 26, 2024, at 11 a.m. ET)

As previously announced on Sept. 23, 2024, Red Light Holland's live Q&A session on Thursday, Sept. 26, 2024, at 11 a.m. ET with CEO Mr. Shapiro and chief financial officer Jon Szczur will provide updates on the company's progress and answer questions from shareholders. The company encourages shareholders to join the zoom link for the Q&A tomorrow at 11 a.m. ET to engage directly with Red Light's leadership.

Zoom:  available on-line

Meeting ID:  889 3829 3237

Passcode:  RLH2024

About Red Light Holland Corp.

The company 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.