Oct 8, 2021

Toronto, Ontario - October 8, 2021 (Newsfile Corp.) (Investorideas.com Newswire) Red Light Holland Corp. (CSE: TRIP) (FSE: 4YX) (OTC Pink: TRUFF) ("Red Light Holland" or the "Company"), an Ontario-based corporation engaged in the production, growth, and sale of a premium brand of magic truffles, is pleased to announce they have unveiled new iMicrodose Products powered by Red Light Holland. The new iMicrodose magic truffles Triniti, Uniti and Mindfuli will be made available for sale (Business to Business) through Red Light Holland's wholly owned subsidiary SR Wholesale ("SR Wholesale") in the Netherlands and Business to Consumer through the company's web site www.iMicrodose.nl by November, 2021. iMicrodose Packs (Triniti, Uniti, OG, Mindfuli) powered by Red Light Holland Triniti, Uniti and Mindfuli Magic Truffles join the original iMicrodose packs powered by Red Light Holland, which are currently in 25 smart shops plus available online in 3 other e-commerce sites, including www.iMicrodose.nl . Triniti, Uniti and Mindfuli will be produced and packaged in the Red Light Holland Truffle farm, in Horst, The Netherlands. The company is continuously growing three Truffle strains, Mexicana, Galindoi and Tampanensis which will be used for the new iMicrodose Product offerings. "What's really exciting is we believe we are the first company in the Netherlands to offer microdosing with 3 different varieties of Magic Truffles in one package, as Triniti powered by Red Light Holland will contain all three strains of Truffles - Galindoi, Mexicana and Tampanensis - grown in our farm. This gives the opportunity for consumers to try all three strains and to figure out which one may be best suited for them," said Hans Derix, Red Light Holland's President. "Living here in the Netherlands, and watching life open up has inspired us to not just grow Magic Truffles but as well to grow the iMicrodose brand. We are proud of the packaging and design of the new iMicrodose packs and we are elated to be able to have such a large distribution wholesale network - SR Wholesale - to really push this brand and expanded product line to our retail partners." "Our research shows there is increased interest in microdosing with natural Psilocybin world wide. The Netherlands is our first legal market and by increasing our product offerings and testing them with our consensual data gathering app www.iMicroapp.com and our telecounseling platform we can believe we can help regulatory bodies around the world realize the potential," said Sarah Hashkes, Red Light Holland Chief Technology and Innovation Officer. "Each iMicrodose pack comes with a QR code making it easier for customers to sign up to the iMicro App and join our community. We aim to share this unique data in Q4 of 2021." "We continue to grow as a company and offering new products, which we produce, to the market is part of our strategy to increase profit margins. SR Wholesale will have a clear focus on selling the new iMicrodose packs which come directly from our farm in the Netherlands showing true vertical integration," said Todd Shapiro, Chief Executive Officer and Director of the Company. "We have a clear plan to get Red Light Holland products into many more retail stores and we will continue to push for sales on our e-commerce online platform at www.iMicrodose.nl . We're very proud to be providing responsible access now and we love that the iMicrodose line-up continues to expand giving end consumers the ability to try more products." iMicrodose packs Triniti, Uniti and Mindfuli powered by Red Light Holland will be made available at www.iMicrodose.nl and via SR Wholesale to retail shops in the Netherlands to adults 18+ by early November 2021. About Red Light Holland The Company is an Ontario-based corporation engaged in the production, growth and sale (through existing Smart Shops operators and an advanced e-commerce platform) of a premium brand of magic truffles to the legal market within the Netherlands. For additional information on the Company: Todd Shapiro Forward-Looking Statements This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Often, but not always, forward-looking statements and information can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or their respective subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained in this news release. Examples of such information include statements with respect to: the continuous growth of truffles in the Company's farm in Horst, the Netherlands, the anticipated sales abilities, network, connections and the reach of SR Wholesale and the amount of retail shops products are currently in; the commencement and projected sales' dates regarding the Company's iMicrodose Products from SR Wholesale and/or the Company's website www.iMicrodose.nl ; statements about the future of the Company's iMicrodose Products, the iMicro App, tele-counselling support, the collection of data, including with respect to the growth and future sales; and expectations for other economic, business, and/or competitive factors. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information, expectations regarding future growth and expansion of the operations of the business; regulatory and licensing risks; changes in general economic, business and political conditions, including changes in the financial and stock markets; risks related to infectious diseases, including the impacts of the COVID-19 pandemic; legal and regulatory risks inherent in the psychedelics industry, including the global regulatory landscape and enforcement related to psychedelics; political risks and risks relating to regulatory change; risks relating to anti-money laundering laws; compliance with extensive government regulation and the interpretation of various laws regulations and policies; public opinion and perception of the psychedelics industry; and such other risks contained in the public filings of the Company filed with Canadian securities regulators and available under the Company's profile on SEDAR at www.sedar.com, including the Company's annual information form for the year ended March 31, 2020. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. 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