Mr. Todd Shapiro reports

RED LIGHT HOLLAND'S WHOLLY OWNED SUBSIDIARY HAPPY CAPS RECEIVES HEALTH CANADA APPROVAL FOR, UNIQUE MUSHROOM GUMMY FORMULA, FUNCTIONAL MUSHROOM GUMMIES

Red Light Holland Corp.'s subsidiary, 4316747 Nova Scotia Ltd., operating as Happy Caps Mushroom Farms, has received approval for a natural product number (NPN), by Health Canada, for its Functional Daily mushroom gummies. This innovative sugar-free product, featuring shiitake and lion's mane mushrooms, is now officially recognized for meeting Health Canada's rigorous requirements for safety, effectiveness and quality.

With this Health Canada NPN approval, Happy Caps can now officially market its mushroom gummies, and their recommended use or purpose/usage:

• source of fungal polysaccharides with immunomodulating properties;
• source of anti-oxidants;
• provides anti-oxidants.

The Functional Daily mushroom gummies combine the powerful properties of shiitake and lion's mane mushrooms, two ingredients long celebrated for their potential cognitive and health benefits providing consumers with a convenient and delicious way to incorporate Happy Caps Functional mushrooms into their daily wellness routines.

The formula was designed based on scientific research showing these mushrooms have high potential benefits for daily consumption with very low risk.

"Receiving the NPN for our Functional mushroom gummies is a monumental milestone for Happy Caps and Red Light Holland. This approval underscores our commitment to delivering high-quality, innovative wellness products," said Todd Shapiro, chief executive officer and director of Red Light Holland. "We are grateful for Health Canada's thorough review process, which validates the science behind our product and aligns with our future goals to continue to advance our mushroom gummies through [research and development] to help those for both mind and body health. They are also sugar free and delicious!"

Happy Caps is leveraging its strong retail network to support the projected spring launch of the new SKU (stock-keeping unit) under the Happy Caps brand. With its mushroom home grow kits available in over 330 retail locations across Canada through seasonal orders, the company plans to utilize these established connections to ensure widespread distribution and accessibility of the Functional Daily mushroom gummies.

Happy Caps is poised to release its sugar-free Functional Daily mushroom gummies across Canada in around the end of May, 2025. Each product will prominently feature the NPN 80137179 issued by Health Canada, ensuring consumers can trust its safety and efficacy.

We seek Safe Harbor.