Red Light Holland Corp. announced significant progress in its collaboration with CCrest Laboratories Inc. and PharmAla Biotech Holdings Inc. following the successful shipment of psilocybin truffles to Canada. On April 8th, 2024, Red Light Holland initiated its shipment to date, sending 5 kg (5000 grams) of freshly cultivated natural psilocybin truffles from its farm in the Netherlands to CCrest Labs in Montreal, Canada.

This milestone shipment, facilitated by a 5th Health Canada approved psilocybin import permit, marks a pivotal moment in the Company's commitment to advancing psychedelic research. The truffles will be utilized in an experimental research project aimed at developing a process for commercial manufacturing of natural-source Active Pharmaceutical Ingredient (API) derived from Red Light Holland's psilocybin truffles. This project represents a critical step towards expanding access to standardized psilocybin products and exploring their potential therapeutic applications.