Montreal-based GMP pharmaceutical laboratory CCrest Labs, in collaboration with Ontario-based mushroom company Red Light Holland Corp., has recently received a fifth psilocybin import permit to its Canadian controlled drugs and substances dealer’s license. This new permit allows CCrest to import 5kg of Red Light Holland’s natural psilocybin truffles grown on its farm in the Netherlands.
Red Light Holland is known for producing, growing, and selling functional mushrooms, home-grow kits, and premium psilocybin truffles in North America and Europe. The collaboration with CCrest Labs has led to the development of a dehydrated, homogenized psilocybin microdosing product from its Dutch naturally-occurring psilocybin truffles. These products have undergone extensive testing to confirm their stability and medical-grade quality.
The import of larger psilocybin truffles is expected to further Red Light Holland’s research and development program, specifically focusing on developing clinical-grade psilocybin drug products extracted from their naturally occurring truffles. The company has also partnered with MDXX-class molecules developer PharmAla Biotech Holdings to seek regulatory approval to sell standardized doses of natural psilocybin products to clinical trials, government-approved access programs, and emerging markets.
Red Light Holland CEO Todd Shapiro expressed the company’s commitment to growing the psychedelic side of its business. He highlighted the success of their magic truffle farm in the Netherlands and emphasized the benefits of mushrooms for both mind and body health. PharmAla CEO Nick Kadysh echoed this sentiment, noting the consumer preference for naturally derived products in the psychedelic drug market.
In addition to their psychedelic endeavors, Red Light Holland recently launched a fresh mushroom sales division through SR Wholesale North America. This division will focus on selling high-quality and sustainably-grown fresh mushrooms to the North American market. The company is also in the process of constructing an 80,000 sq. ft. vertical exotic mushroom farm and composting facility in Peterborough, Ontario, which is expected to significantly increase their mushroom production output and create job opportunities in the community.
Overall, Red Light Holland’s innovative approach to mushroom cultivation and psychedelic research positions them as leaders in the growing market for legal consumption and health and wellness products. Their collaborations with CCrest Labs and PharmAla Biotech Holdings demonstrate their dedication to advancing the field of psychedelic research and providing high-quality products to consumers.
