Post by
joe9904 on Mar 19, 2021 10:02am
Another NR
Toronto, Ontario--(Newsfile Corp. - March 19, 2021) - Red Light Holland Corp. (CSE: TRIP) (FSE: 4YX) (OTC Pink: TRUFF) ("Red Light Holland" or the "Company"), an Ontario-based corporation engaged in the production, growth and sale of a premium brand of magic truffles to the legal, recreational market within the Netherlands, is pleased to announce that its wholly-owned subsidiary, RLH Netherlands B.V. (the "Purchaser"), has completed the acquisition (the "Acquisition") of SR Wholesale B.V. ("SR Wholesale"), one of the Netherlands' premiere distributors for quality psychedelic truffles. In 2020, SR Wholesale generated over $2.44 Million in revenues[1], and over $822,0001 in gross profit, with approximately $400,0001 of cash and working capital currently on hand. SR Wholesale also distributes popular CBD products, cannabis seeds, smart shop items, and headshop products, among others. SR Wholesale has established a distribution network of over 400 companies that sell their products across Europe, including working with sub-distributors which provide products to over 1,000 shops in countries like the Netherlands, Germany, Spain, Czech, Greece, UK, France, and Portugal.
Comment by
bukobucks on Mar 19, 2021 10:04am
Thats the one we we looking for Joe, these guys deliver on a big one here, they are positioning themselves great with this first mover philosophy. Great job RLH! Buko
Comment by
GustheGreek on Mar 19, 2021 10:08am
Now that's more like it.... glad I got back in...