Red Light Holland Corp (TSE:TRIP) has released an update.
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Red Light Holland Corp., an Ontario company specializing in functional mushrooms and psilocybin truffles, reported a 9.9% increase in sales for the third quarter of 2024, marking its best sales quarter ever with $1.3 million in revenue. CEO Todd Shapiro expressed confidence in the company’s strategic growth, highlighting efforts to improve production, distribution, and sales, with a focus on enhancing shareholder value. The company’s strong financial position is evidenced by a cash balance of $15.4 million and total assets worth $27.3 million.
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