Red Light Holland and Creso Pharma Call Off Psilocybin-Cannabis Merger

“Magic mushroom” company Red Light Holland (CSE: TRIP) (OTCPINK: TRUFF) will not be merging with Creso Pharma Limited (OTCQB: COPHF), as the companies had previously anticipated.

In June, the two companies signed a definitive agreement to merge into a new company called The HighBrid Lab, which would have combined Red Light Holland’s psilocybin mushrooms business with Creso’s undertakings.

The proposed merger was expected to increase vertical integration strategies from both …

Full story available on Benzinga.com

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