Mr. Todd Shapiro reports

RED LIGHT HOLLAND, IN PARTNERSHIP WITH FDA-COMPLIANT AND DEA-REGISTERED IRVINE LABS, UPDATES R&D PLAN FOCUSED ON COMMERCIALIZATION

Red Light Holland Corp. has released details of its research and development plan with its partner, Irvine Labs Inc., a Food and Drug Administration-compliant and Drug Enforcement Administration-registered facility in California.

Red Light Holland's new partner, Irvine Labs, is licensed for prescription and over-the-counter drug manufacturing by the California Department of Public Health, and is a DEA Schedule 1 bulk drug cultivator, manufacturer, importer and exporter, including psilocybin, psilocin, marijuana, tetrahydrocannabinol, extracts, DET, DMT, LSD, peyote and mescaline.

Updated plan:

1. Irvine Labs has applied for its initial 2025 psilocybin DEA quota for import;
2. Testing of new proprietary dehydration and packaging techniques aimed at extending product shelf life will commence after Irvine Labs obtains the necessary quota and receives raw materials from Red Light Holland's Netherlands farm;
3. Increasing product shelf life, along with Irvine Lab's ability to export, will increase the potential of commercialization and sales to emerging legal markets, government-funded pilot programs and clinical trials worldwide.

"We are very excited about this R&D plan we developed with Irvine Labs, to extend the shelf life of our naturally derived psilocybin microdosing capsule," said Todd Shapiro, chief executive officer and director of Red Light Holland. "Irvine Labs is an ideal partner as we push to expand into global emerging legal markets. Their certified GMP, FDA-compliant and DEA-registered lab will help ensure we have the highest-quality products that will help with our ultimate aim of distribution and commercialization. We are closely following the potential appointment of Robert F. Kennedy Jr., in his bid to lead the U.S. Department of Health and Human Services, as we believe (and applaud) he demonstrates signs of openness to alternative and naturally derived therapeutic approaches. We look forward to a hopeful promising landscape for innovative mental health solutions and want to be ready with the best products."

Shaun Land, president of Irvine Labs, added, "We have extensive experience working with naturally derived pharmaceutical ingredients and are excited to support Red Light Holland's microdosing program with our expertise in manufacturing and compliance, aiming to extend these innovative products stability and shelf life."

"As we continue to develop our microdosing capsules, which are intended for legal emerging markets and clinical trials around the world, it is important they have an increased shelf life," added Red Light Holland's chief technology and innovation officer, Sarah Hashkes.

The preservation of psilocybin from naturally derived compounds presents unique challenges in product development and manufacturing. Through Red Light Holland's partnership with Irvine Labs and the implementation of proprietary preservation technology, Red Light Holland aims to overcome these challenges by developing precise dehydration, manufacturing and storage protocols that maintain the integrity of natural compounds while significantly extending product shelf life. Combined with research into advanced packaging solutions, these innovations represent a comprehensive approach to ensuring product stability and quality throughout the supply chain.

Once Irvine Labs receives its expected initial 2025 psilocybin quota and finishes setting up new lab equipment, it will submit the import permit necessary to receive Red Light Holland's natural psilocybin products, grown in the company's farm in the Netherlands. Upon receiving the hopeful shipment, Irvine Labs will begin testing its proprietary dehydration and packaging solutions.

Red Light Holland and Irvine Labs' combined goal is to develop a commercialized product that can be legally exported to emerging markets and used in government-funded pilot programs and clinical trials within the United States.

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.