Red Light Holland Corp. (OTC:TRUFF) Stock In Focus After Recent Update
The functional mushroom space has grown at an impressive pace over the course of the past few years, and investors are increasingly interested in the sector. One of the companies involved in the sector that could be worth tracking is Red Light Holland Corp. (OTC:TRUFF). It is involved in the growth as well as the sale of functional mushrooms; offers home grow kits in the European and North American markets; and supplies psilocybin truffles in the legal recreational market in the Netherlands.
On April 12, Red Light Holland Corp. was in the news cycle after it announced that it had made considerable progress in its collaboration with the Montreal-based cGMP-certified pharmaceutical laboratory CCrest Laboratories Inc. and PharmAla Biotech Holdings Inc. after the successful shipping of psilocybin truffles to Canada. It was also noted that CCrest Laboratories also possessed a Controlled Drugs and Substances Dealer’s license.
In the news release, it was revealed that on April 8, Red Light Holland Corp. initiated its largest shipment so far after sending 5 kilograms of freshly cultivated natural psilocybin truffles to CCrest Labs in Canada from its farm located in the Netherlands. The shipment had been facilitated through a 5th Health Canada-approved psilocybin import permit and constituted a major new milestone in the company’s quest to accelerate psychedelic research.
The Chief Executive Officer and Director of Red Light Holland Corp., Todd Shapiro, spoke about the latest development last Friday as well. He noted that everyone at the company was excited about continuing the work with PharmAla and CCrest Laboratories as the company moved further forward into the market for psilocybin as a therapeutic. The biggest shipment made by the company till date was also a demonstration of the dedication of Red Light Holland Corp. towards the growth of the psychedelic industry.
