Mr. Todd Shapiro reports

RED LIGHT HOLLAND ENTERS INTO LETTER OF INTENT TO ACQUIRE CONTROLLING STAKE IN HAPPY CAPS MUSHROOM FARM BASED IN HALIFAX, NOVA SCOTIA

Red Light Holland Corp. has entered into a non-binding letter of intent to acquire an 80-per-cent stake in Happy Caps Farm, one of Nova Scotia's most unique gourmet mushroom farms, cleverly positioned in the mushroom plug spawn business, selling fresh mushrooms for the wholesale market and specializing in grow your own mushroom kits.

"Now this gets me excited! Happy Caps' founders Andrew Kobayashi and Andrew Hatfield will be strong additions to Red Light Holland. Not only are we expected to purchase an 80-per-cent stake in their growing and profitable business, but we will also gain valuable intellectual property as Andrew and Andrew both possess strong mushroom growing expertise and capabilities," said Todd Shapiro, chief executive officer and a director of Red Light Holland. "There remain a few details to iron out, but everyone at Red Light Holland is extremely excited by the potential to grow our business, our brand and our revenues in our home country of Canada and we look forward to potentially realizing synergies by introducing Happy Caps to Europe via our wholly owned distribution company, SR-Wholesale."

"Getting to know Todd Shapiro and the entire team at Red Light Holland has been a pleasure so far," said Mr. Kobayashi, CEO of Happy Caps. "We are very experienced Mushroom growers and can work effectively with all types of genetics and strains. We are looking forward to working with Todd and his team to drive growth in our Happy Caps homegrow kits, where we help you grow your own mushrooms."

"We are making mushroom growing easy and accessible and Red Light Holland gets that! They also get how magical growing mushrooms can be, which is why we are excited to effect this transaction," said Mr. Hatfield, chief marketing officer of Happy Caps. "We look forward to working as Red Light Holland's master growers in Canada and believe that, together, we can contribute to future growth in the ever-expanding mushroom industry."

Further details of the proposed 80-per-cent acquisition will be announced once available.

About Red Light Holland Corp.

Red Light Holland is an Ontario-based corporation engaged in the production, growth and sale (through existing smart shop operators and an advanced e-commerce platform) of a premium brand of magic truffles to the legal market within the Netherlands, in accordance with the highest standards, in compliance with all applicable laws.

We seek Safe Harbor.