- Red Light Holland’s natural psilocybin microdosing capsules developed from psilocybin truffles grown in the Company’s farm in The Netherlands, have received the results of the first completed stability tests for the capsules, confirming stability of psilocybin
- Confirmation of stability of psilocybin follows the previously announced completion of Certificate Of Analysis which confirmed Red Light Holland’s capsules are of medical grade quality, free of any pesticides, bio contaminants or heavy metals
Red Light Holland Corp. (CSE: TRIP) (FSE: 4YX) (OTCQB: TRUFF) (“Red Light Holland” or the “Company”), a company 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, is pleased to announce updates regarding its manufacturing plans to create homogenized natural psilocybin microdosing capsules.
Further to the announcement on August 1st, CCrest Laboratories Inc. (“CCrest Laboratories”), a Montreal-based cGMP pharmaceutical laboratory that holds a Controlled Drugs and Substances Dealer’s License, have finished the first stages of stability testing of Red Light Holland’s Natural Psilocybin microdosing capsules which received a Health Canada approved psilocybin import permit. The stability tests were completed after 6 and 8 weeks of storage and are aimed at determining the microdosing capsule’s shelf life. The tests confirmed the capsules maintain the required amount of psychoactive compounds (psilocybin and psilocin) at these respective time points.
As disclosed previously, the natural psilocybin microdosing capsules are intended to be distributed in Australasia by NUBU Pharmaceuticals (“NUBU Pharmaceuticals”), a leading medical cannabis company based in New Zealand with distribution ties to Australia. The capsules have recently received a complete Certificate Of Analysis confirming they are free of any pesticides, bio contaminants or heavy metals.
“Red Light Holland is very proud of these results as we are elevating the game when it comes to naturally occuring psilocybin truffles. We are hoping to solve a main concern for emerging legal markets and regulatory bodies, which is to have carefully produced reliable products made from psilocybin. Our latest tests continue to show that our microdosing capsules are safe with the aim of hopefully helping many people legally,” said Todd Shapiro, Red Light Holland CEO and Director. “As far as we know we are the first to develop and pass these rigorous tests, as we continue with our plan to produce and sell lab tested and approved homogenized microdosing capsules from natural psilocybin truffles to future markets.”
“We are extremely pleased these first stability tests were successful, this is an important stage in developing high quality natural psilocybin microdosing capsules. Red Light Holland continues to make great strides with their home grown products and we are enjoying our continued synergies with the goal of helping those in need,” said Alex Grenier, CEO of Shaman Pharma and President of CCrest Laboratories.
A full stability report is expected after 3 months of testing.
Australia has recently, on February 3, 2023, announced a down-listing of psilocybin in its list of controlled substances to allow psychiatrists to prescribe psilocybin to patients suffering from treatment resistant depression. The change in scheduling was announced to take effect on July 1, 2023.
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.
For additional information on the Company:
About Shaman Pharma Corp.
Shaman Pharma is a federally registered Canadian corporation with the mission to power outstanding psychedelic life science innovation. Accelerating time-to-market through its portfolio of assets, Shaman launches and consolidates revenue-driven pharma-biotech life sciences ventures focused on supplying psychedelic drugs & novel active ingredients.
About NUBU Pharmaceuticals
Formed in 2017, NUBU Pharmaceuticals (New Zealand’s largest medicinal cannabis distribution company) specializes in the distribution of therapeutics from the new frontier of medicine, including cannabis and psychedelics. The company also develops New Zealand-made cannabis products for export markets, harnessing two of New Zealand’s great strengths, it’s innovative culture and unique botanicals.