Business
Red Light Holland Updates Acquisition and Development of 100 Acres of Farmland in Ontario, Canada Expanding Its Mushroom Farms Division in North America
Through experienced partners, Red Light's Farm Division plans on growing mushroom production with...
About this update from Red Light Holland Corp
[{"type":"text","content":"Red Light Holland Updates Acquisition and Development of 100 Acres of Farmland in Ontario, Canada Expanding Its Mushroom Farms Division in North AmericaThrough experienced partners, Red Light's Farm Division plans on growing mushroom production with projected additional 65,000 sq feet of \"Innovative and Unique\" mushroom production facilitiesRed Light Holland is currently working with an expert mushroom design firm in The Netherlands and experienced Canadian engineersPlans are expected to be submitted to the township of Cavan-Monaghan in Peterborough, Ontario within 8 weeksToronto, Ontario--(Newsfile Corp. - January 24, 2023) - Red Light Holland Corp. (CSE: TRIP) (FSE: 4YX) (OTCQB: TRUFF) (\"Red Light Holland\" or the \"Company\"), 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 is pleased to provide an update further to its press release dated June 20, 2022, whereby the Company had acquired 100 acres of farmland located in the Township of Cavan-Monaghan (the \"Township\") in Peterborough, Ontario (the \"Peterborough Farm\") for $1.85 million paid in cash. With great enthusiasm, the Company proudly presents an initial draft 3D rendering of the future Peterborough Farm.Figure 1To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/2017/152298_082860c33466cbcb_001full.jpgThe Company continues to work with Acadian Exotic Mushrooms Ltd. (\"AEM Farms\"), an operating gourmet mushroom production facility in New Brunswick, Ontario, which is majority owned by Red Light, and co-owned by the leading Canadian mushroom farming groups and individuals: Holburne Mushroom Farm and Mike and Fernando Medeiros of Carleton Mushroom Farms, to develop two mushroom production facilities with the aggregate footprint of 65,000 sq. ft. (the \"Mushroom Facilities\") to be located on the Peterborough Farm. This development will enable the Company to dramatically expand its farm division (\"Red Light Farms\"), by adding the Peterborough Farm to its existing portfolio of farms: Happy Caps Gourmet Mushroom Farm in Halifax, Nova Scotia, AEM Farms in New Brunswick, Ontario, and M...