Toronto, Ontario--(Newsfile Corp. - May 23, 2024) - 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, is excited to announce a strategic update for its wholly owned subsidiary, 4316747 Nova Scotia Limited o/a Happy Caps Mushroom Farms ("Happy Caps") for it's launch and partnership with Costco Canada. Further to the Company's press release on May 6th, 2024 - Happy Caps 2 kg "Mega Block" Mushroom Home Grow Kits are now available at 67 Costco locations across Canada.

Happy Caps 2Kg "Mega Block" Mushroom Home Grow Kits

"We are thrilled to have the exclusive Happy Caps 2Kg 'Mega Block' Mushroom Home Grow Kits available in 67 Costco locations across Canada. The amount of kits for distribution is the exact same as previously announced. We shipped 120 pallets and over 20,000 units which have freshly landed at the newly selected 67 Costco locations," said Troy Dufour, Red Light Holland's Senior Vice President of Sales. "This strategic alignment with Costco Canada will ensure replenishment at each warehouse, while reaching new consumers in underdeveloped markets for the Happy Caps brand."

The distribution to Costco includes 18 locations in Alberta, 16 in Ontario, 14 in British Columbia, 12 in Quebec, 3 in Saskatchewan, 3 in Manitoba, and 1 in New Brunswick.

Todd Shapiro, CEO and Director of Red Light Holland, emphasized the importance of this partnership: "Our collaboration with Costco Canada is a significant milestone for Happy Caps. We have also proven our ability to scale quickly and efficiently reinforcing Happy Caps' position as a leader in the mushroom home grow kit industry in Canada."

Commitment to Growth and Consumer Accessibility

Happy Caps' exclusive "Mega Block" 2kg home grow kit features three mushroom varieties: Shiitake, Lion's Mane, and Oyster. This innovative product allows consumers to easily cultivate fresh mushrooms at home, supporting a sustainable and healthy lifestyle. The initial order of over 20,000 units from Costco Canada underscores the significant demand for Happy Caps' products in the health and wellness market.

Continued Expansion Efforts

In addition to its partnership with Costco Canada, Happy Caps is actively exploring opportunities with major retailers across North America. This expansion aims to further enhance its distribution network and bring its premium mushroom products to an even broader audience. With this new Costco launch plan, Happy Caps products are now available in over 330 retail stores across Canada.

Costco Locations

Happy Caps 2kg "Mega Block" home grow kits can be purchased for $19.99 (plus applicable taxes) at the following Costco Locations across Canada:

For more information about Happy Caps and its range of mushroom home grow kits, please visit www.happycaps.ca.

About Happy Caps Mushroom Farm

Happy Caps is an urban gourmet mushroom farm specializing in quality 'grow your own mushroom kits' and mushroom plug spawn.

About Red Light Holland

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:
Todd Shapiro
Chief Executive Officer and Director
Tel: 647-643-TRIP (8747)
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.redlight.co

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Often, but not always, forward-looking statements and information can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-Looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company or its respective subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained in this news release. Examples of such information include statements with respect to: the stated plans, goals, and benefits of the partnership with Costco Canada, including the products and mushroom varieties to be offered for sale, the Costco Canada locations which the Company's products will be available for purchase, and the timelines thereof; the stated benefits of the Company's Happy Caps Mushroom Home Grow Kits; the Company's continued exploration of partnerships with major retailers across North America; and the Company's stated business plans and goals.

Forward-Looking information in this news release are based on certain assumptions and expected future events, namely: continued approval of the Company's activities by the relevant governmental and/or regulatory authorities; the Company's ability to carry out its stated plans, goals, and benefits of the partnership with Costco Canada under the stated timelines; the Company's ability to realize upon the stated benefits of the Company's Happy Caps Mushroom Home Grow Kits; the Company's ability to continue its exploration of partnerships with major retailers across North America; and the Company's ability to carry out its stated business plans and goals.

Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information, the Company's inability to obtain continued approval of the Company's activities by the relevant governmental and/or regulatory authorities; the Company's inability to carry out its stated plans, goals, and benefits of the partnership with Costco Canada under the stated timelines; the Company's inability to realize upon the stated benefits of the Company's Happy Caps Mushroom Home Grow Kits; the Company's inability to continue its exploration of partnerships with major retailers across North America; and the Company's inability to carry out its stated business plans and goals.

Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements.

The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.