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Red Light Holland Corp. C.TRIP

Alternate Symbol(s):  TRUFF

Red Light Holland Corp. is a Canada-based company. The Company is engaged in the production, growth, and sale of functional mushrooms and mushroom home grow kits in North America and Europe, as well as a premium brand of psilocybin truffles in the legal recreational market within the Netherlands. Its subsidiaries include RLH Netherlands BV, RLH Farms BV, Red Light Holland (Subco 1) Inc., SR Wholesale B.V., Red Light Acquisition Inc., and Radix Motion Inc., among others. Its product line consists of the iMicrodose kit, Maka Magic Truffles, Home Grow Mushroom Kits, MisterCap, and Wisdom Truffle, among others. The Maka magic truffles line, including the Hollandia, Makanaut, Muskoka, Mexicana, Atlantis, Double Vision, Old Dutch and Utopia varieties, is designated as a Responsible Use Psychedelic. Wisdom Truffle is a smart figurine that helps people build healthy patterns using meditation, monitor their phone usage, and take positive action to reduce their carbon footprint.


CSE:TRIP - Post by User

Post by fortune420on Jun 08, 2021 9:27am
160 Views
Post# 33346803

10% Dilution mentioned in RSU plan in new release.

10% Dilution mentioned in RSU plan in new release.The RSU Plan is a "rolling" plan reserving a maximum of 10% of the issued and outstanding shares of the Company at the time the RSU Plan is approved. The maximum number of RSUs issuable under the RSU Plan is fixed at 33,288,876 (being 10% of the issued and outstanding common shares as of today's date), provided however that at no time may the number of RSUs issuable under the RSU Plan, together with the number of Common Shares issuable under options that are outstanding under the Company's stock option plan ("Option Plan"), exceed 10% of the issued and outstanding common shares, calculated on a fully diluted basis, as at the date of a grant under the RSU Plan or the Option Plan, as the case may be. The Company has committed to issue an aggregate of 3,924,043 shares to the employees of Radix under the RSU Plan as determined by the board of Radix Motion.
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