Red Light Holland Corp. (Canadian: TRIP) (OTC Pink: TRUFF), a company looking at recreational markets in the psychedelics space, closed two major acquisitions this week.
On Tuesday, the company finalized the purchase of Radix Motion Inc., a virtual reality company looking to empower the psychedelics sector with immersive technology.
Then on Thursday, Red Light Holland gained a majority stake in Happy Caps, a mushroom farm in Nova Scotia, Canada, which sells edible non-psychedelic mushrooms, as well as “grow your own mushroom kits.”
Mushroom Company Acquisition: Happy Caps currently focuses on growing and selling functional mushroom products like Shiitake, Lion’s Mane and Oyster mushrooms.
Red Light Holland acquired 80% of Happy Caps for CA$450,000 ($317,000), divided between CA$50,000 in cash and 1.2 million common shares of the company.
The company stated plans to expand the Happy Caps platform into Europe via a wholly-owned subsidiary that distributes “magic truffles,” cannabis …