Top Page
Red Light Holland
(OTC:TRIP)
Red Light Holland (TRIP) vs. S&P 500 (SPY)
Red Light Holland Business Overview & Revenue Model
Red Light Holland Financial Statement Overview
| Breakdown | |||||
| TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 2.52M | 4.75M | 3.95M | 2.33M | 110.96K | 0.00 | Gross Profit |
| 811.13K | 2.02M | 1.71M | 617.68K | 19.35K | 0.00 | EBIT |
| -7.43M | -6.19M | -4.95M | -9.51M | -4.65M | -325.17K | EBITDA |
| -6.63M | -5.26M | -4.32M | -8.55M | -4.61M | 0.00 | Net Income Common Stockholders |
| -12.41M | -7.63M | -5.40M | -14.37M | -1.64M | -325.17K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 14.37M | 14.17M | 18.53M | 26.62M | 32.78M | 1.96M | Total Assets |
| 24.08M | 24.08M | 30.14M | 32.94M | 36.30M | 3.97M | Total Debt |
| 811.05K | 1.72M | 1.77M | 1.50M | 866.50K | 86.77K | Net Debt |
| -13.56M | -12.46M | -16.72M | -24.59M | -30.32M | -1.88M | Total Liabilities |
| 3.82M | 3.82M | 3.80M | 3.78M | 2.24M | 5.11M | Stockholders Equity |
| 20.07M | 20.07M | 26.06M | 28.48M | 34.06M | -1.14M |
| Cash Flow | Free Cash Flow | ||||
| -7.73M | -3.92M | -6.45M | -5.28M | -3.63M | -238.35K | Operating Cash Flow |
| -4.79M | -3.23M | -4.39M | -4.88M | -3.36M | -238.35K | Investing Cash Flow |
| -2.57M | -650.43K | -3.17M | -582.74K | -201.55K | -1.80M | Financing Cash Flow |
| 341.15K | -206.95K | -114.16K | 451.76K | 32.78M | 4.01M |
Red Light Holland Technical Analysis
Red Light Holland Peers Comparison
Red Light Holland Corporate Events
Red Light Holland’s subsidiary, Happy Caps Mushroom Farm, has launched its mushroom home grow kits in 66 Safeway stores across Oregon and Washington, marking its first U.S. retail rollout. This expansion introduces popular mushroom varieties to a region known for its appreciation of fresh, organic, and sustainable food, and signifies a strategic partnership with Albertsons, which operates over 2,200 stores nationwide. The collaboration with Trailbridge Farms ensures local production and quality assurance, reflecting a growing consumer interest in functional mushrooms and positioning Happy Caps for further market expansion.
Spark’s Take on TSE:TRIP Stock
According to Spark, TipRanks’ AI Analyst, TSE:TRIP is a Neutral.
Red Light Holland’s stock faces significant challenges in profitability and technical indicators, impacting its overall score. However, positive corporate events and strategic partnerships provide hope for future growth. The company’s financial stability is underpinned by a strong equity position, though persistent operational inefficiencies and negative cash flows remain key concerns.
To see Spark’s full report on TSE:TRIP stock, click here.
Red Light Holland has announced a significant milestone in its partnership with Irvine Labs, as the latter has received its 2025 psilocybin DEA quotas, including an import quota. This development allows Red Light Holland to proceed with the import permit application process to ship its naturally derived psilocybin from its Netherlands farm to Irvine Labs in California. The collaboration aims to leverage Irvine Labs’ expertise in manufacturing and compliance to enhance the stability and shelf life of Red Light Holland’s microdosing capsules, positioning the company to expand into global emerging legal markets. The partnership focuses on developing a commercialized product for export to emerging markets and use in government-funded pilot programs and clinical trials in the United States.
Spark’s Take on TSE:TRIP Stock
According to Spark, TipRanks’ AI Analyst, TSE:TRIP is a Neutral.
Red Light Holland’s stock faces significant challenges in profitability and technical indicators, impacting its overall score. However, positive corporate events and strategic partnerships provide hope for future growth. The company’s financial stability is underpinned by a strong equity position, though persistent operational inefficiencies and negative cash flows remain key concerns.
To see Spark’s full report on TSE:TRIP stock, click here.
Red Light Holland’s subsidiary, Happy Caps Mushroom Farm, has secured a purchase order with Albertsons Companies for its first U.S. retail launch through Safeway stores in Oregon. This strategic partnership will introduce three varieties of Happy Caps Mushroom Home Grow Kits to 66 Safeway locations, marking a significant expansion into the U.S. market. The collaboration with Trailbridge Farms in Oregon ensures product freshness and improved margins, highlighting the growing demand for innovative mushroom products in the health and wellness sector.
Spark’s Take on TSE:TRIP Stock
According to Spark, TipRanks’ AI Analyst, TSE:TRIP is a Neutral.
Red Light Holland faces major challenges in profitability and cash flow, significantly impacting its financial health. The stock’s current technical indicators suggest bearish momentum, and its valuation is not appealing due to negative earnings. However, recent corporate events, including strategic partnerships and leadership enhancements, offer a glimmer of hope for future growth and operational improvement.
To see Spark’s full report on TSE:TRIP stock, click here.
Red Light Holland has appointed Michael Galloro to its Board of Directors, enhancing its leadership with his extensive experience in public markets, strategic transactions, and corporate governance. Galloro’s proven success in scaling consumer brands is expected to drive sustainable growth and enhance shareholder value as the company expands its functional mushroom and psilocybin truffle offerings.
Red Light Holland, through its subsidiary Happy Caps Mushroom Farms, has received an Informal Projection Letter from Costco Canada for 20,160 units of its ‘Mega Block’ 2kg Mushroom Home Grow Kits. This development, scheduled for delivery in May 2025, signifies a strengthened partnership with Costco Canada and highlights the growing demand for sustainable home grow kits. The company is also eyeing further expansion in North America, including potential orders with a major U.S. retailer.
Red Light Holland reported its financial results for the third quarter of 2025, highlighting a cash balance of $13.3 million and a revenue of $1.2 million for the quarter. Despite a slight decline in quarterly revenue due to lower wholesale mushroom sales and a returned purchase order from Costco Canada, the company achieved a year-over-year revenue increase of 5.1%. The company also reduced its EBITDA loss, reflecting its commitment to sustainable growth and strategic partnerships. Red Light Holland’s diversified portfolio and upcoming partnerships, including a re-order with Costco Canada and a new purchase order with a major U.S. retailer, position it for continued success in the emerging legal psilocybin market.