09:26:59 EDT Wed 15 Oct 2025
Enter Symbol
or Name
USA
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Red Light Holland Corp
Symbol TRIP
Shares Issued 410,852,552
Close 2025-10-14 C$ 0.035
Market Cap C$ 14,379,839
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Red Light partner receives second U.S. import permit

2025-10-15 00:51 ET - News Release

Mr. Todd Shapiro reports

RED LIGHT HOLLAND SECURES SECOND UNITED STATES CONTROLLED SUBSTANCES IMPORT PERMIT FOR THE COMPANY'S PSILOCYBIN THROUGH FDA-COMPLIANT, DEA-REGISTERED PARTNER IRVINE LABS

Red Light Holland Corp.'s research and development partner, Irvine Labs Inc., California, United States, has received a second U.S. controlled substances import permit. This latest import permit authorizes a significantly larger shipment of psilocybin truffles for continued research and development activities by its FDA-compliant (U.S. Food and Drug Administration), DEA-registered (Drug Enforcement Administration) lab partner.

The Drug Enforcement Administration issued permit authorizes an import equivalent to five kilograms of psilocybin truffles from Red Light Holland's Netherlands facility. This second import permit represents substantial progress following the successful completion of initial testing and validation work announced in September, 2025, which confirmed psilocybin potency and process validation through an official certificate of analysis (COA). The increased quantity authorized under this U.S. controlled substances permit will enable Irvine Labs to advance proprietary dehydration and packaging processes designed to extend shelf life while maintaining product integrity and to further develop standardized psilocybin products for potential medical-grade manufacturing applications.

Red Light Holland and Irvine Labs continue to work collaboratively toward developing processes for the commercial manufacture of microdosing capsules derived from naturally occurring psilocybin truffles, aimed at emerging therapeutic markets, government-funded pilot programs and clinical trials.

"This second DEA permit marks a significant milestone in our partnership with Irvine Labs and validates the progress we've made in our research and development efforts," said Todd Shapiro, chief executive officer and director of Red Light Holland. "The increased quantity authorized demonstrates growing confidence in our ability to provide high-quality, naturally derived psilocybin materials suitable for potential medical-grade applications while maintaining full regulatory compliance."

The company remains committed to legal, responsible access to standardized natural psilocybin products and will continue to provide updates on its overall R&D project as developments warrant.

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.

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