Red Light Holland Reports 20.3% Revenue Growth YoY, Remains ‘Strategically Focused On The Long Game’
Red Light Holland Corp. (CSE:TRIP) (OTCQB:TRUFF) reported its financial results Monday for the year ended March 31, 2024, revealing annual revenue of CA$4.7 million ($3.4 million), up by 20.3% from CA$3.9 million in the prior year.
The Ontario-based producer of psilocybin truffles, functional mushrooms and mushroom home-grow kits went public with zero sales in May 2020. Since then until March 31, 2024, Red Light achieved CA$11.0 million in sales.
“The entire team at Red Light Holland is proud of our 2024 audited year-end results, as we continue to grow our revenues,” Todd Shapiro, Red Light Holland CEO and director, said in a statement. “We remain strategically focused on the long game, while other companies in our space continue to burn cash at a frightening rate, have small runways, or march towards the eve of insolvency …