Red Light Holland Corp - TRUFF STOCK NEWS

Welcome to our dedicated news page for Red Light Holland (Ticker: TRUFF), a resource for investors and traders seeking the latest updates and insights on Red Light Holland.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Red Light Holland's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Red Light Holland's position in the market.

04/17/2024 08:00 AM

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Red Light Holland Amends IP License Agreement with Mistercap LLC

Rhea-AI Summary

Red Light Holland Corp. announces an amended and restated IP license agreement with Mistercap , pivoting its line of mushroom grow kits towards retail and distribution channels. The agreement removes guaranteed payments to Mistercap , introduces royalty payments of 15% for sales under the Mistercap's brand, and 20% for sales from their website. The agreement extends the original IP Agreement to a 5-year term, includes a one-time catch-up payment of US$175,000, and eliminates the issuance of the Company's common shares as part of any consideration. Red Light Holland can now focus on developing retail and distribution channels for the Mistercap's brand, aligning with strategic objectives to expand its reach and drive long-term value for shareholders.

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04/12/2024 08:55 AM

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Red Light Holland's Largest Psilocybin Shipment Received by CCrest Labs in Montreal with Health Canada Approved Import Permit

Rhea-AI Summary

Red Light Holland successfully completes the largest shipment of psilocybin truffles from its farm in the Netherlands to Canada, marking a significant milestone in its collaboration with CCrest Labs and PharmAla Biotech. The company aims to advance psychedelic research by developing a process for commercial manufacturing of natural-source Active Pharmaceutical Ingredient (API) derived from its truffles.

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End-of-Day

-0.49%

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04/09/2024 07:55 AM

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Red Light Holland Launches Its Largest Psilocybin Shipment to Canada with Health Canada Approved Import Permit; Debenture Offering Successfully Closed

Rhea-AI Summary

Red Light Holland Corp. announces a significant milestone in its Research and Development collaboration with CCrest Laboratories Inc., exporting 5 kg of natural psilocybin truffles to Montreal, Canada.

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End-of-Day

-1.14%

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04/04/2024 08:28 AM

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Red Light Holland Partners with Professor David Nutt and Drug Science to Analyze iMicroapp Data and Promote Responsible Regulations For Psilocybin Microdosing

Rhea-AI Summary

Red Light Holland Corp. partners with Professor David Nutt and Drug Science to analyze data from its microdosing app for psilocybin truffles. The collaboration aims to study the potential benefits of psilocybin microdosing in a legal environment, focusing on developing evidence-based regulations.

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End-of-Day

4.88%

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03/28/2024 08:38 AM

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Red Light Holland Announces that MISTERCAP'S Mushroom Home Grow Kits Selected by Urban Outfitters for Nationwide Retail Distribution in the USA

Rhea-AI Summary

Red Light Holland Corp. announces a partnership milestone with Mistercap , as Urban Outfitters selects MISTERCAP'S Mushroom Home Grow Kits for retail and online sales in the USA. The collaboration aims to expand the accessibility of legal mushroom cultivation to a wider audience, marking a significant development in the legal mushroom market.

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End-of-Day

-1.99%

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03/18/2024 08:02 AM

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Red Light Holland Announces Happy Caps Mushroom Home Grow Kits Now Available in Over 270 Retail Stores Across Canada

Rhea-AI Summary

Red Light Holland Corp. announces a 100% increase in the number of points of sale for Happy Caps Mushroom Home Grow Kits, now available in over 270 retail stores across Canada. The expansion highlights the growing demand for fresh mushroom products in the health and wellness market.

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End-of-Day

-3.85%

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03/08/2024 08:05 AM

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Red Light Holland Commences Experimental Research on Psilocybin Truffles to Develop Process for Commercial Manufacturing of Natural-Source Active Pharmaceutical Ingredient

Rhea-AI Summary

Red Light Holland Corp. initiates a research project to develop a process for manufacturing natural-source Active Pharmaceutical Ingredient (API) derived from psilocybin truffles. The project aims to produce high-margin Psilocybin medical products and gain valuable intellectual property. Researchers from PharmAla Biotech will manage the project, focusing on extraction and purification of Psilocybin for use in various markets.

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End-of-Day

6.42%

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02/29/2024 08:05 AM

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Red Light Holland Reports Third Quarter 2024 Results and Reminder to Shareholders of the Live Q&A Today at 4pm ET

Rhea-AI Summary

Red Light Holland Corp. announces strong financial performance with a cash balance of $15.4 million, revenue increase of 9.9% to $1.3 million, and total assets of $27.3 million. The company's strategic growth goals are being met, with sales increasing by 9.9% for the 3-month period and 28.9% for the 9-month period compared to the prior year. Red Light Holland focuses on production, distribution, and marketing to enhance long-term growth and shareholder value.

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End-of-Day

-14.29%

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02/27/2024 08:25 AM

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Red Light Holland to Export Its Largest Batch of Psilocybin to cGMP Lab in Canada, Under a 5th Health Canada Approved Psilocybin Import Permit to Partner CCrest Labs

Rhea-AI Summary

Red Light Holland to export its largest batch of 5 kg of Psilocybin Truffles to Canada under a 5th Health Canada approved import permit, collaborating with CCrest Laboratories and PharmAla Biotech for R&D towards producing standardized psilocybin products for clinical trials and emerging markets.

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End-of-Day

-4.65%

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02/26/2024 08:24 AM

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Red Light Holland Provides Timing for Release of Third Quarter Financial Results and Announces Live Q&A

Rhea-AI Summary

Red Light Holland Corp. (TRIP) announces the release of its Q3 2024 financial and operational results on February 29, 2024. CEO Todd Shapiro and CFO David Ascott will conduct a live Q&A session. The company specializes in functional mushrooms and psilocybin truffles in North America, Europe, and the Netherlands.

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Rhea-AI Sentiment

End-of-Day

16.22%

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