• Red Light Holland (CSE:TRIP) has revealed its largest shipment to date of 5 kilograms of psilocybin truffles has been received by CCrest Labs in Montreal.
  • The shipment represents a pivotal moment for the company in advancing psilocybin research
  • The truffles will be used in an experimental research project to develop a process for commercial manufacturing of natural-source active pharmaceutical ingredient
  • Shares of Red Light Holland are unchanged at C$0.06

Red Light Holland (CSE:TRIP) has revealed its largest shipment to date of 5 kilograms of psilocybin truffles has been received by CCrest Labs in Montreal.

In a news release, the company stated this shipment represents a pivotal moment for Red Light Holland in advancing psilocybin research.

The truffles will be used in an experimental research project to develop a process for commercial manufacturing of natural-source active pharmaceutical ingredients (API) .

“We are excited to continue our work with CCrest Laboratories and PharmAla as we delve deeper into the therapeutic potential of psilocybin,” Todd Shapiro, CEO of Red Light Holland, said in a statement. “This largest and most significant shipment to date, underscores our dedication to research and development in the psychedelic space.

Red Light Holland is focused on the production, growth and sale of functional mushrooms and mushroom home grow kits in North America and Europe. Under its portfolio umbrella is also a premium brand of psilocybin truffles to the legal, recreational market within the Netherlands.

Shares of Red Light Holland Corp. are unchanged at C$0.06.

Join the discussion: Find out what everybody’s saying about this stock on the Red Light Holland Corp. Bullboard investor discussion forum, and check out the rest of Stockhouse’s stock forums and message boards.

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.

More From The Market Online
Quantum computer

Quantum eMotion leaps by 20 per cent after Becton Dickinson deal

Cybersecurity stock Quantum eMotion (TSXV:QNC) takes a major step in the go-to-market strategy for its Sentry-Q platform.
An AI generated photo of a stethoscope on a computerized setting

How one company is disrupting PoC testing

When it comes to Gemina Laboratories Ltd. (CSE:GLAB), the Canada and U.K.-based company is progressing a range of PoC diagnostic technologies.
AI generated stock image

Investing in Canadian medical stocks under $10

Healthcare stocks in Canada are publicly traded companies that operate in various sectors of the healthcare industry.
Bear and bull statues wearing Christmas hats

@ the Bell: TSX advances to start off Christmas trading week

Canada’s TSX index closed higher on Monday thanks to large-cap gains, despite weakness in real estate and telecom stocks.