Red Light Holland Buys Virtual Reality Company And Majority Stake In Grow-At-Home Mushroom Company

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 “ 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,”

Full story available on Benzinga.com

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