Miss the Cannabis Boom? TrendingSectorsMore Miss the Cannabis Boom? All Aboard Red Light Holland Corp. as the CSE officially offers TRIP for trading MATTHEW BOHLSEN|MAY 28, 2020|NO COMMENTS Investors made a lot of money by being in on the cannabis boom in the early stages. This time there may be a similar opportunity to get in early on the magic truffles boom. Magic truffles are a type of mushroom or fungi, and hence are very similar to magic mushrooms. They are legal in the Netherlands and they are well known for their hallucinegic properties that result in psychedelic effects on people.Studieshave found them effective forreducing depression and anxiety, and creating a state of wellbeing. Red Light Holland Corp.(CSE: TRIP) (RLH) is in the magic truffle business. Their business revolves around the production, growth and sale of a premium brand of magic truffles to the legal, recreational market within the Netherlands. Sales are done through existing Smartshops operators and an advanced e-commerce platform. The Netherlands is a country with a long-standing, established, legal magic trues market. A Smartshop in the Netherlands selling legal magic truffles Source So what are magic truffles? Wikepidia describes them as: { GET OUR DAILYINVESTORINTEL UPDATE Subscribe } Magic truffles are the sclerotia of Psilocybin mushrooms that are not technically the same mushrooms as mushrooms. They are masses of mycelium that contain the hallucinogenic chemicals psilocybin and psilocin..In October 2007, the prohibition of hallucinogenic or magic mushrooms was announced by the Dutch authorities. The ban on the mushrooms did not outlaw the hallucinogenic species in sclerotium form, due to authorities believing it to be weaker than the mushrooms. The psilocybin truffles which once made little sales became the only legal option to produce. Today smart shops in the Netherlands offer magic truffles as a legal alternative to the outlawed mushrooms. Psilocybin binds to a receptor in the brain for serotonin thereby resulting in enhanced mood and perception. Along with hallucinations and mood changes, people who take psilocybin experience a dreamlike sense of expanded consciousness. Rather than extracting the active ingredients, Red Light Holland (RLH) believes in the entourage eect of whole fungi medicine, meaning it is better for customers to consume the whole magic truffle. Magic truffles sold in small containers ready for buyers to eat Source Some of the numerous benefits of magic truffles are said to be: An expanded consciousness with increase creativity.Increase of openness and other beneficial shifts in personality.Mental relaxation with floods of laughter, intense joy and satisfaction.Reduce depression.Smoking cessation and other addictions. Arandomized, double-blind trialfrom Johns Hopkins in 2016 found that a single dose of psilocybin substantially improved quality of life and decreased depression and anxiety in people with life-threatening cancer. Another researchreportdiscovered that psilocybin can also bind itself to receptors that stimulate healing. It is thought that psilocybin repairs and grows brain cells, which could prove beneficial to those who suffer from depression or other mental health problems. Red Light Hollands goal is to supply the recreational and medical market with naturally occurring, non-synthetic psilocybin, as current clinical trials are using a synthetic psychedelic pro-drug compound. Magic truffles products Microdosing Kits RLH is currently developing a premium microdosing kit comprised of the ideal true quantity promoting responsible use. This non-synthetic RLH premium product will be available soon.Merchandise RLH will be launching a line of top tier merchandise very soon. All of the premium RLH clothing line and merchandise will be available for purchase at theRLH websiteand selected stores. A Red Light Holland Microdosing Kit with magic truffles Source RLH also plan to seek a EU-GMP certication for their production facility in the Netherlands, in order to produce and supply medical grade, EUGMP certied premium magic trues within the Netherlands. RLH plan to raise funds that will be used to go public and build a 3000 sq feet magic truffles production facility and then start production to bring in revenue. Investors can view the company presentationhere. Closing remarks Numerous studies and anecdotal stories confirm the amazing medical and recreational benefits of magic truffles. The people of the Netherlands certainly think so. Red Light Holland and their magic truffles business are in the very early stages of development. Certainly this means higher risk and reward should it succeed. Those that got in early on the cannabis boom made multi-bagger returns. Will this happen with magic mushrooms I do not know. History has shown there is a demand for the product, so only time will tell. Red Light Holland begins trading today on the Canadian Securities Exchange under the ticker TRIP at market open today. CANNABIS, CBD & HEMP INTELMARKET ANALYSIS INTEL 0 EDITOR:MATTHEW BOHLSEN Matthew Bohlsen is a Senior Editor for InvestorIntel.com. With a Graduate Diploma in Applied Finance and Investment, and a Graduate Diploma in Financial Planning. He ... Copyright 2020 InvestorIntel Corp. All rights reserved.More & Disclaimer Recommended Leave a Reply Your email address will not be published. Required fields are marked * Comment Notify me of replies to this post Notify me of new posts via email LEARN MOREMarket AnalysisBiotech & HealthcareTechnologyCritical Materials & Rare EarthsGold, Silver & Base MetalsUranium & EnergyCleanTechEsports & GamingCannabis, CBD & HempOil & GasABOUTTeamEditorsMembersSUPPORTContactPrivacyDisclaimer Copyright 2020 InvestorIntel Corp. All rights reserved.