Toronto, Ontario–(Newsfile Corp. – June 7, 2024) – Red Light Holland Corp. (CSE: TRIP) (FSE: 4YX) (OTCQB: TRUFF) (“Red Light Holland”), a company engaged in the production, growth, and sale of functional mushrooms and mushroom home grow kits in North America and Europe, as well as a premium brand of psilocybin truffles to the legal, recreational market within the Netherlands, in compliance with all applicable laws, proudly announces the successful completion of a comprehensive extraction protocol, with associated report by PharmAla Biotech Holdings Inc. (CSE: MDMA) (OTCQB: MDXXF) (“PharmAla”).
This significant achievement marks the successful extraction and creation of a high-quality, concentrated psilocybin extract at PharmAla’s partner lab facilities Chiral Labs, following the Health Canada approved import of naturally sourced psilocybin truffles from the company’s farm in the Netherlands. The process also effectively removed materials used for extraction, ensuring the product adheres to the requirements necessary for pharmaceutical ingredients. This accomplishment not only highlights the capabilities of Red Light Holland and its partnership with PharmAla but also sets a robust foundation for subsequent phases.
Todd Shapiro, CEO and Director of Red Light Holland, expressed his enthusiasm, stating, “The completion of this full extraction report represents a pivotal milestone in our journey towards optimizing and scaling the production of high-quality, natural-source psilocybin Active Pharmaceutical Ingredients (API).”
Red Light Holland is committed to advancing the field of psychedelic research and will continue to update stakeholders as it progresses into the next stages of development and optimization.
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.