Mr. Todd Shapiro reports

CONOR MCGREGOR BRINGS TIDL SPORT NEXT GENERATION RECOVERY PRODUCTS TO THE NETHERLANDS IN AN EXCLUSIVE PARTNERSHIP WITH RED LIGHT HOLLAND

Red Light Holland Corp.'s wholly owned subsidiary SR Wholesale in the Netherlands has signed an exclusive distribution deal with Conor McGregor's innovative sports recovery line, TIDL Sport.

TIDL Sport products combine plant-based therapy with exercise science and cryotherapy to assist active lifestyle enthusiasts. True sports recovery goes beyond temporary pain relief, and TIDL Sport products are scientifically curated with ingredients that target inflammation, the foundation of postexercise pain and soreness. The products have been clinically proven to reduce pain and aim to help consumers return to the activities that they love sooner, and pain free.

"I've been putting extra focus on my overall health for years now, which is why I'm so pleased that TIDL Sport is partnering with Red Light Holland. Our combined efforts to distribute products with the goal of education around sports recovery -- both mentally and physically -- are where Red Light Holland and TIDL Sport are progressive and aligned," said Mr. McGregor.

TIDL Sport products are designed for the active lifestyle, no matter what the sport. Consumers range from weekend warriors to professional athletes, all whom recognize the importance of recovery and self-care. The products focus on different segments of recovery, including relief with the current products and a pipeline that focuses on body recharge and nutrient replenishment.

"We are delighted to be partnering with Conor McGregor and The Anthos Group as Red Light Holland's wholly owned subsidiary SR Wholesale plans to be a big part of the distribution for Conor's next-generation sports recovery line -- TIDL Sport," said Todd Shapiro, chief executive officer and director of Red Light Holland. "The foundation of TIDL Sport and Conor McGregor are completely aligned with Red Light Holland. Together we believe in naturally occurring therapies, healthy and active lifestyles, and living in the moment with the goal of long-term recovery while focusing on the betterment of physical and mental health. We see a large opportunity to educate around recovery and wellness and look forward to working closely with Conor and Badal Shah, chief executive officer at The Anthos Group, now and into the future."

"One of Red Light Holland's focus for 2022 is mind to toe wellness. Everyone at SR Wholesale is very excited to now have the access to distribute TIDL Sport, especially in the Netherlands and potentially across Europe -- where Conor McGregor is beloved!" said Hans Derix, president of Red Light Holland.

Under the terms of the deal, Red Light Holland's wholly owned subsidiary SR Wholesale's territory to distribute TIDL Sport, shall mean the country of the Netherlands and on a case-by-case basis, where no there is no conflict with an existing TIDL Sport distributor, into all regions of Europe.

The brand's flagship product, the TIDL Sport plant-powered cryotherapy topical spray, delivers powerful relief through cryotherapy and novel plant science, delivering immediate pain relief and leaving athletes feeling refreshed as a part of the active lifestyle. The revolutionary topical spray has 360-degree spray technology for easy, full-body self-application and promotes long-term healing by addressing pain and inflammation directly at the source. The plant-based ingredients in TIDL Sport range from plant-derived extracts to well-known anti-inflammatory agents that are all organic in nature. The enhanced touch-free formula sprays on clean with an immediate cooling relief, which increases blood flow to the site of application and enables the plant-based ingredients to self-absorb and go to work.

In addition, the company's board of directors approved the grant of 6.6 million options and awarded 850,000 restricted stock units to certain directors, officers and consultants of the company. Each option will entitle the holder thereof to acquire one common share in the capital of company for a period of three years from the date of issuance, which is expected to on or before March 7, 2022, at an exercise price equal to the greater of (i) 12 cents, and (ii) the company's closing price on the Canadian Securities Exchange on the day prior to issuance, and subject to the terms and conditions of the company's stock option plan. The options will vest quarterly at the end of each fiscal quarter of the company's 2023 fiscal year. The options granted to directors of the company are compensation for their services over the fiscal year ending March 31, 2023. All options and restricted stock units awards will be subject to a hold period of four months plus one day from the date of issuance.

About Red Light Holland Corp.

Red Light Holland 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.

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