Mr. Todd Shapiro reports

RED LIGHT HOLLAND'S PARTNER FDA-COMPLIANT AND DEA-REGISTERED IRVINE LABS RECEIVES 2025 PSILOCYBIN DEA QUOTAS, INCLUDING IMPORT QUOTA

Red Light Holland Corp.'s research and development partner, Irvine Labs Inc., a Food and Drug Administration-compliant and Drug Enforcement Administration-registered facility in California, has successfully received its 2025 psilocybin DEA quotas, including an import quota.

With the DEA quota now secured, Irvine Labs will submit the import permit necessary to receive Red Light Holland's natural psilocybin products, grown in the company's farm in the Netherlands.

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

First milestone achieved

"We are thrilled to announce this significant milestone in our partnership with Irvine Labs, as they have now received their 2025 psilocybin DEA import quota," said Todd Shapiro, chief executive officer and director of Red Light Holland. "This advancement allows us to immediately begin the import permit application process, bringing us one step closer to shipping our naturally derived psilocybin from our Netherlands farm to Irvine's state-of-the-art facilities in California. Once the materials arrive, the plans is for Irvine Labs to begin testing their proprietary dehydration and packaging solutions designed to extend the shelf life of our naturally derived psilocybin microdosing capsules. This progress underscores our commitment to expanding into global emerging legal markets with the highest quality products that meet rigorous standards for distribution and commercialization."

Shaun Land, president of Irvine Labs, added: "Receiving our 2025 psilocybin import quota from the DEA represents a critical milestone in our collaboration with Red Light Holland. We are now focused on securing the import permit and preparing our facilities to receive the raw materials from the Netherlands. 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."

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.

Red Light 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 Irvine Labs

Irvine Labs was established in 1997. Since 2013, Irvine Labs has had a significant investment in medical research and development through its pharmaceutical biotechnology division with a focus on natural medicines, including cannabis, cannabinoids, psilocybin, herbs and other sources of natural medicines. Irvine Labs is licensed for prescription and over-the-counter (OTC) drug manufacturing by the California Department of Public Health (CDPH). Irvine Labs is a DEA Schedule 1 bulk drug manufacturer, importer and exporter (including marijuana, THC, extracts, psilocybin, psilocin, DET, DMT, LSD, peyote and mescaline, and Schedule 1-5 testing lab).

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.