Agoracom Blog Home

Posts Tagged ‘#psychedelic’

CLIENT FEATURE: Thoughtful Brands $TBI.ca Creating CBD and Psychedelic Medicine $APH.ca $GBLX $PFE $ACG.ca $ACB.ca $WEED.ca $SHRM.ca $RVV.ca $NOVA.ca

Posted by AGORACOM at 7:26 PM on Tuesday, November 24th, 2020

TBI:CSE

Thoughtful Brands Inc. is an eCommerce technology company that researches, develops, markets, and distributes natural health products through various brands in North America and Europe.

  • Through continuous strategic acquisitions, the Company has a strong footprint in the CBD market, as well as the burgeoning psychedelic medicine sector.
    • Thoughtful Brands owns and operates a 110,000 square foot pharmaceutical manufacturing facility in Radebeul, Germany, where its highly skilled team conducts clinical studies utilizing naturally occurring psilocybin and other compounds found in psychedelics for the treatment of opiate addiction

2020 Key Highlights:

Signed a definitive agreement to acquire Kentucky-based American CBD Extraction Corp., a leader in quality hemp cultivation

Acquired online cannabidiol (CBD) product distributor Nature’s Exclusive from Unified Funding, LLC.:

  • Leader in online CBD sales in North America
  • US grown CBD hemp
  • Acquired at a 1.7 times revenue valuation
  • Current customer base of over 200,000 customers – with additional leads of over 600,000 potential new customers
  • Agreement finalized with Sativida OU (Estonia) and Sativida OU’s subsidiary, VIDA BCN LABS S.L to acquire Sativida in stages.

Sativida® is an online direct to consumer retailer of a vast range of organic CBD oils and cosmetics across Europe and is in the process of expanding its distribution network internationally to include the United States.

  • Award winning product line known for its minimal heavy metal content and accurate CBD levels
  • Award winning product line known for its minimal heavy metal content and accurate CBD levels
  • 100% organic products
  • Current distributor of CBD products in Spain, Portugal, Austria, Germany, France and the United Kingdom
  • One of the top search-ranked online retailer in Spain and Mexico
  • The Company acquired the intellectual property and trade names of Sativida in Spain, which will be licensed back in exchange for a royalty associated with gross revenues generated by Sativida.
  • 2019 revenue $560,000 / 64% gross margins

Thoughtful entered a Licensing and Royalty Agreement with Phenome One Corporation for the right to cultivate, harvest, process and sell a selection of cultivars from Phenome’s genetic library, and the Company was granted unlimited access to a Phenome’s proprietary nutrient intellectual property (IP) and catalogue.

Consolidated Q1 2020 gross revenue was $7.65 million, with cost of goods sold of $7.05 million, resulting in gross profits of $605,150. Operating and other operating expenses for the three months ended March 31, 2020 were $5.24 million.

Acquired Golden Path and Wild Mariposa, privately held fast-growth, direct-to-consumer eCommerce brands selling natural health products in the United States.

OPERATIONS:

UNITED STATES
  • US ecommerce, direct to consumer CBD Brand
  • 2019 Revenue of $28.7M*, EBITDA of $3.58M*
  • eCommerce technology and operations

EUROPE:

  • 110,000 sq ft, state of the art pharmaceutical manufacturing facility for research and production of natural psilocybin products
  • Award winning European eCommerce, direct to consumer CBD Brand based in Spain
  • Distribution to Spain, Portugal, France, UK and Germany

NATURES’ EXCLUSIVE

ONE OF THE LARGEST UNITED STATES-BASED ONLINE RETAILERS OF CBD PRODUCTS

Nature’s Exclusive offers a CBD hemp-oil formula intended to provide users with the therapeutic benefits that hemp may offer. The hemp oil used in the product is derived from hemp grown and cultivated in the United States.

HIGHLIGHTS

  • Leader in online CBD sales in North America
  • US grown CBD hemp
  • Acquired at a 1.7 times revenue valuation
  • Consideration of 48.2M shares priced at $0.80*
  • Current customer base of over 200,000 customers – with additional leads of over 600,000 potential new customers

A LEADING EUROPEAN BASED ONLINE RETAILER OF CBD PRODUCTS.

Sativida® is an online direct to consumer retailer of a vast range of organic CBD oils and cosmetics across Europe and is in the process of expanding its distribution network internationally to include the United States.

HIGHLIGHTS

  • Current distributor of CBD products in Spain, Portugal, Austria, Germany, France and the United Kingdom
  • One of the top search-ranked online retailer in Spain and Mexico
  • Award winning product line known for its minimal heavy metal content and accurate CBD levels
  • 100% organic products
  • 2019 revenue $560,000 / 64% gross margins

Thoughtful Brands is a client of Agoracom

Red Light Holland $TRIP.ca Announces Change to Virtual Annual Meeting of Shareholders $SHRM.ca $RVV.ca $MMED $PLNT.ca $HALO.ca

Posted by AGORACOM at 2:22 PM on Tuesday, November 24th, 2020
https://i.ibb.co/ZdKv64V/Red-Light-Holland-Square.jpg

Toronto, Ontario–(Newsfile Corp. – November 24, 2020) – Red Light Holland Corp. (CSE: TRIP) (FSE: 4YX) (OTC: TRUFF) (“Red Light Holland” or the “Company“) today announces that its Annual and General Meeting of shareholders scheduled for Monday, November 30, 2020 will be held virtually due to the coronavirus (COVID-19) pandemic.

Due to the current COVID-19 lockdown in Toronto and in recognition of the latest directives and guidance from public health authorities and the Provincial and Federal Governments, this year’s meeting will be held virtually. The in-person meeting as described in the Company’s SEDAR filings and in its mailing to Shareholders will be happening online only. Shareholders will require a control number to be able to listen to, participate in and vote at the meeting in real time through the web-based platform of AGM Connect. The live audio webcast will be accessible at http://www.agmconnect.com/redlight2020 and will be held on Monday, November 30, 2020 at 11:00am EST.

IMPORTANT DETAILS FOR REGISTERED SHAREHOLDERS

Registered Shareholders who wish to attend the meeting and vote at the meeting, must register no later than 10:00am EST on Monday, November 30, 2020 at https://www.agmconnect.com/redlight2020. They must provide the shareholder name (as it is registered with the Company’s transfer agent), an email address for contact and the Proxy Control Number found on the Proxy Form or the Voter Information Form received by mail from TSX Trust or other intermediaries as the case may be. Registered Shareholders will then receive voting credentials for the Annual Meeting directly from AGM Connect.

All Shareholders are encouraged to vote in advance by one of the methods described in the 2019 Management Information Circular. Registered shareholders are asked to return their completed proxies or exercise their vote by the voting deadline on Thursday, November 26, 2020 at 11:00am EST.

If you have any questions, please call our transfer agent, TMX Trust via phone or online:

+1 416 361-0930 Toll-free North America: +1 866 393-4891

https://www.voteproxyonline.com

About Red Light Holland Corp.

The Company is an Ontario-based corporation engaged in the production, growth and sale (through existing Smart Shops operators and an advanced e-commerce platform) of a premium brand of magic truffles to the legal, recreational market within the Netherlands, in accordance with the highest standards, in compliance with all applicable laws.

For additional information on the Company:

Todd Shapiro
Chief Executive Officer & Director
Tel: 647-204-7129
Email: [email protected]
Website: https://redlighttruffles.com/

Thinking Outside The Box On Psychedelics SPONSOR: Thoughtful Brands $TBI.ca $APH.ca $GBLX $PFE $ACG.ca $ACB.ca $WEED.ca $SHRM.ca $RVV.ca $NOVA.ca

Posted by AGORACOM at 10:53 AM on Tuesday, November 24th, 2020
https://s3.amazonaws.com/s3.agoracom.com/public/companies/logos/564664/hub/Throught_brands_logo.png

SPONSOR: Thoughtful Brands is an established natural health products company focused in the CBD and psychedelic medicine sectors. Through their powerful eCommerce business, Thoughtful is a leading direct-to-consumer provider of a wide range of natural health products throughout the United States and Europe

“You are driving in your car on a very stormy day.  You drive by a bus stop and see 3 people waiting there. The first is a beautiful woman, the perfect woman of your dreams.

The second is an old friend who once saved your life.

The third is a lonely old lady who looks really sick.

You have room for only one passenger.  To whom would you offer a ride?”

This was a moral and ethical dilemma actually used by Steve Jobs, co-founder of Apple, as part of a job interview.

Do you pick up the old lady because she seems to need medical attention and you should try and help her?

Do you pick up the old friend because he once saved your life and this is the perfect opportunity to repay him?

However, both those choices leave you missing out on the woman of your dreams.

The candidate hired, out of 30 applicants, however, had no trouble answering.   He simply said, “I would give the car keys to my old friend, let him drive the old lady to the hospital, and stay behind to wait for the bus with the woman of my dreams.”

His answer surprised even Jobs.

“Everyone is born with an instinct for success but only those with the ability to think outside the box succeed.”

Steve Jobs credited his outside-the-box perspective to LSD.  He felt it had made him think of the world in a different way.  He said, “Taking LSD was a profound experience, one of the most important things in my life.”  Jobs never failed to ask job applicants whether they had ever used psychedelics.

Francis Crick, of the DNA-structure discovering Watson and Crick, told numerous friends and colleagues about his LSD experimentation during the time he spent working to determine the molecular structure of DNA that houses all life’s information.
The Cambridge University’s researchers often used LSD as “a thinking tool.”  Crick actually “perceived the double-helix shape of DNA while on LSD.”

John Lennon:  “It was such a mammoth experience that it was unexplainable: It was something that had to be experienced, because you could spend the rest of your life trying to explain what it made you feel and think.”

Ken Kesey wrote “One Flew Over the Cuckoo’s Nest” in 1962. He leveraged his position as a thought leader to popularize LSD use. “I believe that with the advent of acid, we discovered a new way to think, and it has to do with piecing together new thoughts in your mind.”

Kary Mullis is a Nobel prize winning biochemist who invented the polymerase chain reaction (PCR) technique. This technique is used to make copies of DNA segments and is standard in criminal forensics, diagnosing diseases (including the current test for Coronavirus), and in genetic research. A year after winning the Nobel prize, the scientist said his LSD use in the 60’s and 70’s was far more important to his accomplishments than any courses he ever took in school. Not only that, he claims his entire legacy probably depended on using LSD. “What if I had not taken LSD ever; would I have still invented PCR?   I don’t know. I doubt it.  I seriously doubt it.”

Frances McDormand – Most people know McDormand as the plucky sheriff from the cult movie Fargo, but she “really, really enjoyed LSD.” The actress says that the drug is a deeply profound experience, and hopes that one day the government can “figure out this whole legalization thing.”

Ray Charles – LSD was most definitely on his mind. “LSD made the blind man see.”

Jean-Paul Sartre, the French existentialist philosopher, playwright, novelist, screenwriter, political activist, biographer, and literary critic, one of the leading figures in 20th century French philosophy and a key proponent of Existentialism, experimented regularly with mescaline.

Sam Harris is an American author, neuroscientist, and philosopher:
“I have two daughters who will one day take drugs. If they don’t try a psychedelic like psilocybin or LSD at least once in their adult lives, I will wonder whether they had missed one of the most important rites of passage a human being can experience.”
“There was a period in my early twenties when I found psilocybin and LSD to be indispensable tools, and some of the most important hours of my life were spent under their influence. Without them, I might never have discovered that there was an inner landscape of mind worth exploring.”
“The positive experiences were far more sublime than I could ever have imagined or than I can now faithfully recall. These chemicals disclose layers of beauty that art is powerless to capture. Positive psychedelic experiences reveal how wondrously at ease in the universe a human being can be – and for most of us, normal waking consciousness does not offer so much as a glimmer of those deeper possibilities.”

A rapidly growing number of young professionals in Silicon Valley and elsewhere insist that taking small doses of psychedelic drugs simply makes them perform better at work – becoming more creative and focused. The practice, known as “microdosing”, involves taking minute quantities of drugs such as LSD, psilocybin (magic mushrooms) or mescaline (peyote cactus).

Silicon Valley also has a long history of psychedelic drug use to boost creativity: technology stars Steve Jobs and Bill Gates both famously experimented with LSD.

At high doses, LSD powerfully alters perception, mood and a host of cognitive processes. LSD now appears to be one of the more commonly microdosed drugs. A microdose of LSD consists of about a tenth of a recreational dose (usually 10-20 micrograms), which is not potent enough to cause any hallucinations.  Instead, it is reported to heighten alertness, focus, energy and creativity.

Joe Rogan, the host of one of the most listened-to podcasts and another California resident, is a big proponent of micro-dosing mushrooms and has had numerous guests on his shows, ranging from scientists to executives to artists and writers to athletes and MMA fighters, who have shared their positive experiences from micro-dosing.

Studies have been done on the therapeutic effects of psilocybin for terminally ill cancer patients at Johns Hopkins, who were crippled by crushing, overwhelming anxiety about their impending death.

“For a few hours, I remember feeling at ease; I was simultaneously comfortable, curious and alert.  More than anything, though, I no longer felt alone.  The whole “self” thing just kind of drops out into a more timeless, more formless presence, the crushing anxiety lifted,” one patient said.

Aldous Huxley, Timothy Leary and Steve Jobs all used psychedelic drugs when they died.

In a landmark decision in August, 2020, four Canadians suffering from terminal illnesses were approved by Health Canada to receive Psilocybin therapy to treat their anxiety – marking the first time that a legal exemption has been given in Canada for patients to access psychedelic substances for treatment.

One of the four spoke to CTV News in June about his struggle with terminal cancer, and the crushing fear that such a diagnosis brings.

The 52-year-old’s anxiety about the end of his life was making his current days unbearable, and anti-anxiety medication wasn’t having the effect he needed.

It was this suffering that pushed him and three other Canadians with similar diagnoses towards Psilocybin.

Research tracking the effects of the psychedelic drug has found that it has the potential to provide long-term relief for mental health struggles such as anxiety and depression, especially in those receiving palliative care due to a terminal diagnosis.

The U.S. Center for Psychedelic and Consciousness at Johns Hopkins University in Baltimore is currently running clinical trials to assess whether the drug should be released on the market as a prescription medication.

In the 2020 US presidential elections, the state of Oregon voted in a proposition to legalize Psilocybin for mental health treatment and to decriminalize the possession of small amounts of all drugs for personal use. The new law will come into effect on 1 February 2021.   On the same day Washington, D.C. passed an initiative to decriminalize the cultivation and possession of “entheogenic plants and fungi (magic mushrooms containing psilocybin).

Kevin O’Leary, “Mr Wonderful” on the TV show Shark Tank, is backing MindMed, a neuro-pharmaceutical company testing psychedelic-inspired medicines.

O’Leary  cited the potential of its drugs to address problems like depression, alcoholism, and opioid addiction, issues that haven’t seen medical innovations in almost three decades.

Mind Medicine (MindMed) Inc. is a public company seeking to apply psychedelics to societal problems including anxiety, depression, PTSD, ADHD, cluster headaches and addiction.

The company is assembling a compelling drug development pipeline of innovative treatments based on psychedelic substances including Psilocybin, LSD, MDMA, DMT and an Ibogaine derivative, 18-MC. The Company has a number of trials underway, including a trial that seeks to understand whether combined dosing of MDMA and LSD could mitigate bad trips, studies into Psilocybin and studies on the use of microdoses of psychedelics for cognitive enhancement.

We are living through a seismic shift in social and legal attitudes toward….. just about everything, from gender and sexuality to mental and physical healthcare to race and class.

Now it’s time to look ahead to the next major investment trend to come out of the drug reform movement: psychedelic medicine.

Psychedelic medicine is coming back. A recent study from the Johns Hopkins University School of Medicine shows Psilocybin is an effective addiction treatment. And investors around the world are starting to take notice.

The door is slowly opening.

SOURCE: https://saultonline.com/2020/11/opinion-thinking-outside-the-box/

Red Light Holland $TRIP.ca and Halo Labs Announce Intention to Enter Oregon Medicinal Psilocybin Market $SHRM.ca $RVV.ca $MMED $PLNT.ca $HALO.ca

Posted by AGORACOM at 8:50 AM on Friday, November 20th, 2020
Red-Light-Holland-Square
  • Creating a joint venture to become a licensed psilocybin manufacturer to supply psilocybin in the State of Oregon

Red Light Holland Corp. (CSE: TRIP) (FSE: 4YX) (OTC: TRUFF) (“Red Light Holland“), and Halo Labs Inc. (“Halo“) (NEO: HALO) (OTC: AGEEF) (Germany: A9KN) are pleased to announce they have entered into a non-binding letter of intent for the purposes of creating a joint venture to become a licensed psilocybin manufacturer to supply psilocybin products to licensed service centers in the State of Oregon, and to explore other potential business opportunities in this new regulated market, subject to compliance with all applicable Oregon laws and regulations.

“Clearly, we are very excited with the recent results of Oregon Measure 109 where progressive Oregonians have voted in favour of becoming the first state in the US, to allow the use of psilocybin, for therapeutic use. We take pride at Red Light Holland in our self-regulated responsible adult use psilocybin legal product (iMicrodose packs in the Netherlands), which we feel could become a model for the development of psilocybin products for the Oregon regulated market to be used to potentially treat chronic mental health issues like anxiety, depression, and addiction” said Red Light Holland CEO and Director Todd Shapiro. “We are aware that these are early days for the Oregon psilocybin market, we cannot make medical claims, and the path ahead is still a long one as the Oregon Health Authority still has to create a state-licensed, psilocybin-assisted therapy program over the next two years. This is exactly why we have entered into a non-binding LOI with Halo Labs, as CEO Kiran Sidhu and his team have deep regulatory experience and relationships with Oregon lawmakers and state officials, having founded Halo Labs, a successful vertically integrated cannabis company that started in the State of Oregon and now operates in multiple US states, Africa and in the UK” added Shapiro.

“We believe we are in a great position to work closely with Oregon regulatory authorities with respect to the implementation of Measure 109 and the development of Oregon’s regulatory psilocybin regime,” said Kiran Sidhu, CEO of Halo. “We are delighted to be working with Todd Shapiro and the team at Red Light Holland, as they have the experience, know-how and the right viewpoint with their educational, informational, innovative, and careful perspective on access to psilocybin. We are looking forward to taking the next steps in this emerging market together. We remain exclusively focused on cannabis in Oregon and see medical psilocybin as a longer term opportunity.”

Further details of the proposed joint venture will be announced once available and as the contours of the Oregon regulated market begin to take shape.

About Halo Labs Inc.

Halo Labs is a leading, vertically-integrated cannabis company that cultivates, extracts, manufactures and distributes quality cannabis flower, oils, and concentrates, and has sold approximately six million grams of oils and concentrates since inception. Halo Labs continues to scale efficiently, partnering with trustworthy leaders in the industry, who value their operational expertise in bringing top-tier products to market. Current growth includes expansion in key markets in the United States, United Kingdom and Africa, with planned geographic expansion into Canadian markets. With a consumer-centric focus, Halo Labs markets value-driven, branded, and private-label products across multiple product categories. Halo Labs also has acquired a range software development assets, such as the technology platforms CannPOS, Cannalift, and more recently signed a deal to acquire CannaFeels. Halo Labs also owns the inhalation technology, Accudab.

About Red Light Holland Corp.

Red Light Holland is an Ontario-based corporation positioning itself to engage in the production, growth and sale (through existing Smart Shops operators and an advanced e-commerce platform) of a premium brand of magic truffles to the legal market within the Netherlands, in accordance with the highest standards, in compliance with all applicable laws.

For additional information on Red Light Holland:

Todd Shapiro
Chief Executive Officer & Director
Tel: 647-204-7129
Email: [email protected]
Website: https://redlighttruffles.com/

For additional information on Halo Labs:

Halo Labs
Investor Relations
[email protected]

Red Light Holland $TRIP.ca Engages RadixMotion to Develop iMicrodose Digital Care Program Using Latest Immersive Technology $SHRM.ca $RVV.ca $MMED $PLNT.ca

Posted by AGORACOM at 9:09 AM on Tuesday, November 17th, 2020
Red-Light-Holland-Square
  • RadixMotion will design and develop a digital care program for people exploring microdosing
  • The core of the digital care program is a privacy first iMicrodose Journal,
  • A web app where people can anonymously document their microdosing and receive data driven analytics that will help them make informed choices around their usage

Toronto, Ontario–(Newsfile Corp. – November 17, 2020) – Red Light Holland Corp. (CSE: TRIP) (FSE: 4YX) (“Red Light Holland” or the “Company“) is pleased to announce that via its Scarlette Lillie Science and Innovation division, it has engaged RadixMotion Inc. (“RadixMotion“), an immersive technology company based in the State of Delaware, to design and develop a digital care program for people exploring microdosing. The program will accompany customers from the first time they encounter iMicrodose products in Smartshops via the iMicrodose Media Information Centre (“iMIC“) with an educational interactive augmented reality app. The core of the digital care program is a privacy first iMicrodose Journal, a web app where people can anonymously document their microdosing and receive data driven analytics that will help them make informed choices around their usage. The app will use Radix Motion’s expertise in biometric human pose data to give people feedback on whether microdosing has measurable effects on reducing their physiological tension or influences other features of their body posture. People using the digital care program will be able to opt in to share their anonymous data with the wider community allowing for substantial advancements in research.

“As access to psychedelics grows we want to provide people with the support they need to make the most out of microdosing via digital health mechanisms, which now includes our iMicrodose digital care program,” said Todd Shapiro, the Chief Executive Officer and Director of the Company. “While other companies in the sector are focused on clinical trials which take years to prove out, this approach of Scarlette Lillie, our science and innovation division, can have immediate benefits. We want to be a part of understanding psilocybin usage now as the mental health crisis is rampant. Gatekeepers can be limiting. We believe in working with informed consumers who are willingly sharing their data.”

‘Digital Health’ is defined as the convergence of digital technologies with health, healthcare, living, and society to enhance the efficiency of healthcare delivery and make it more personalized and precise. Scarlette Lillie is pleased to continue their partnership with Sarah Hashkes, CEO of RadixMotion – who published the first academic paper using the Predictive Coding frameworks to explain what psychedelics do to brains – to create a personalized iMicrodose Journal, a web-based app where people will be able to document their psilocybin use and they will be able to opt in to share their anonymous important data with the community which can then potentially be shared with scientific and medical experts. Microdosing research is at its infancy and this data has huge potential to increase Scarlette Lillie’s understanding rapidly.

“We are excited that our expertise in neuroscience and immersive technology is giving people tools to understand themselves and promoting responsible use of psychedelics. Red Light Holland’s and Scarlette Lillie’s care for their customers is a beacon of hope in the emerging psychedelic market. The consent based approach this program is taking around customers’ data and communicating with customers, we believe, is revolutionary and we hope many companies will follow this example. We are also excited about the AR aspect where customers can receive inspirational messages based on the latest research on wellness when they aim the app at iMicrodose products,” said Sarah Hashkes, CEO of RadixMotion and Scarlette Lillie’s Scientific Advisor. “But where it gets really exciting, as a scientific researcher in psychedelics, is if people do trust us and opt in to share their anonymous data with the community we will have a data set that can take microdosing research to a whole new level. The journal will immediately provide people with analytics about their microdosing so they can find what works best for them, but in the long run, Scarlette Lillie can hopefully use this data, including the unique biometric human pose data, to potentially find out what works best for people all over the world.”

Scarlette Lillie Science and Innovation estimates the total cost for the iMicrodose Digital Care Program, including Augmented Reality for the in-store iMic centres and the iMicrodose web-app Journal to be approximately USD$85,000. The completion of the Augmented Reality for the in-store iMIC remains on pace, expected to be launched before the end of 2020 and the iMicrodose web-app Journal is expected to be completed by RadixMotion and available by the end of Q1 2021.

About Red Light Holland Corp.

The Company is an Ontario-based corporation positioning itself to engage in the production, growth and sale (through existing Smart Shops operators and an advanced e-commerce platform) of a premium brand of magic truffles to the legal market within the Netherlands, in accordance with the highest standards, in compliance with all applicable laws.

For additional information on the Company:

Todd Shapiro
Chief Executive Officer & Director
Tel: 647-204-7129
Email: [email protected]
Website: https://redlighttruffles.com/

Thoughtful Brands $TBI.ca Acquires American CBD Extraction Corp $APH.ca $GBLX $PFE $ACG.ca $ACB.ca $WEED.ca $SHRM.ca $RVV.ca $NOVA.ca

Posted by AGORACOM at 9:21 AM on Friday, November 13th, 2020
https://s3.amazonaws.com/s3.agoracom.com/public/companies/logos/564664/hub/Throught_brands_logo.png
  • The acquisition of American CBD immediately creates a vertically integrated model, controlling each aspect of its supply chain, including production, logistics and value chain.

Thoughtful Brands, Inc. (CSE:TBI)(FSE:1WZ1)(OTCQB:PEMTF) (the “Company” or “Thoughtful Brands“), a global natural health products and eCommerce technology company, is pleased to announce that it has acquired all of the outstanding share capital of American CBD Extraction Corp. (“American CBD“).

Through its Kentucky-based subsidiary, American CBD has the ability to process over 1,200 lbs. of hemp per day to produce winterized crude. With the acquisition of American CBD, Thoughtful Brands will immediately adopt a vertically integrated model, controlling each aspect of its supply chain, including production, logistics and value chain.

“The acquisition of American CBD marks a promising new phase for the Thoughtful Brands,” said CEO Ryan Dean Hoggan. “With vertical integration taking effect immediately, we look forward to the entire business benefitting through reduced costs, additional expansion opportunities and product innovation.”

Through the acquisition of American CBD, the Company has acquired an abundance of hemp biomass along with a fully equipped and licensed 41,000 square foot facility that can process more than 1,200 pounds of hemp per day. This enables new focuses for Thoughtful Brands across multiple means of production, including the launch of new superior quality, proprietary CBD brands with products made from hemp they extract and produce themselves. In addition, Thoughtful Brands plans to develop products for future brand clients and will also become a wholesale supplier of hemp biomass. Thoughtful Brands will also utilize American CBD’s technological and scientific expertise to enhance the formulations of the direct-to-consumer CBD brands currently under the Company’s umbrella.

“We look forward to closing 2020 on a high note and an array of new initiatives in 2021,” added Hoggan.

The acquisition of American CBD proceeded pursuant to an amalgamation agreement among the Company, a wholly owned subsidiary of the Company (“Subco“) and American CBD (the “Definitive Agreement“). Pursuant to the Definitive Agreement, American CBD amalgamated with Subco, and the resulting amalgamated entity is now a wholly-owned subsidiary of the Company (the “Transaction“). In consideration for the completion of the Transaction, the Company has issued 110,000,000 common shares (“Consideration Shares“) to the shareholders of American CBD in exchange for every share of American CBD they held.

The Consideration Shares are subject to a voluntary pooling arrangement, from which 25% of the Consideration Shares were released on the closing date of the Transaction, with a release of an additional 25% after each subsequent 90-day period.

In connection with the closing of the Transaction, the Company has also entered into an operating agreement (the “Operating Agreement“) with 9112-7258 Quebec Inc. (the “Operator“) for the operation of the American CBD assets in Jenkins, Kentucky. Pursuant to the Operating Agreement, the Company has paid the Operator a bonus of Cdn$1,300,000, which has been settled through the issuance of 13,000,000 common shares of the Company (the “Bonus Shares“). In addition to the Bonus Shares, the Operator will be entitled to receive a Cdn$2,000,000 payment (“Milestone Payment“) from the Company upon (i) the achievement of cumulative sales of over USD$1,000,000 produced from the Kentucky facility acquired as part of the Transaction; or (ii) the entering into of a supply agreement with a third-party to deliver finished product on a wholesale basis at a price less than the manufacturing cost of similar product by the Company. The Milestone Payment will be settled through the issuance of common shares of the Company (“Milestone Shares“), which shall be valued based on the five-day volume weighted average closing price of the Company’s shares on the Canadian Securities Exchange immediately prior to the milestone payments becoming payable.

The Company is at arms-length from American CBD and its shareholders. The Transaction neither constitutes a fundamental change nor a change of business for the Company, nor has it resulted in a change of control of the Company within the meaning of applicable securities laws and the policies of the Canadian Securities Exchange. In connection with the completion of the Transaction, the Company has issued 1,100,000 common shares to an arms-length third-party who assisted with facilitating the Transaction.

About Thoughtful Brands Inc.

Thoughtful Brands Inc. is an eCommerce technology company that researches, develops, markets, and distributes natural health products through various brands in North America and Europe. Through continuous strategic acquisitions, the Company has a strong footprint in the CBD market. Thoughtful Brands currently owns and operates multiple direct to consumer CBD brands and is positioning itself to become vertically integrated through the acquisition of American CBD Extraction Corp.

ON BEHALF OF THE BOARD OF DIRECTORS
THOUGHTFUL BRANDS INC.

Ryan Hoggan
Chief Executive Officer

CBD Demand Could Drive 2020 Sales of $2 Billion SPONSOR: Thoughtful Brands International $TBI.ca $APH.ca $GBLX $PFE $ACG.ca $ACB.ca $WEED.ca $SHRM.ca $RVV.ca $NOVA.ca

Posted by AGORACOM at 10:09 AM on Thursday, November 12th, 2020
https://s3.amazonaws.com/s3.agoracom.com/public/companies/logos/564664/hub/Throught_brands_logo.png

SPONSOR: Thoughtful Brands is an established natural health products company focused in the CBD and psychedelic medicine sectors. Through their powerful eCommerce business, Thoughtful is a leading direct-to-consumer provider of a wide range of natural health products throughout the United States and Europe

  • CBD beauty products are projected to reach $191 million in 2020, with estimated 7% growth to $507 million by 2025
  • Likewise, the hemp-CBD pet products market, estimated at $191 million in sales this year, is projected to grow 7% in five years to $506 million. Like food, however, growth of the pet-products sector is highly dependent on regulatory clarity

Consumers are already going gangbusters for CBD in every formulation imaginable.

But the current use rate for hemp-CBD products isn’t even close to what it could be when the industry sees federal regulation, which would open up mainstream manufacturing and retail markets even further.

For 2019, total sales of hemp-derived CBD consumer products in the U.S. were roughly $1.2 billion, according to Nielsen Global Connect, a division of Nielsen that focuses on data for hemp-derived CBD manufacturers and retailers.

Yet in the past year, consumers likely have become even more dependent on hemp-CBD products because of increased anxiety and stress during the coronavirus pandemic. The widespread economic disruption and uncertainty came at the same time general interest in wellness products was increasing

Because of this and other factors, Nielsen projects that sales will reach $1.7 billion to $2 billion in 2020. The average of that range, $1.85 billion, would represent a 54% increase in year-over-year sales.

Considering that the market could see favorable U.S. Food and Drug Administration guidance or legislation from Congress approving CBD in ingestible products next year, Nielsen expects that by 2025, the market for hemp-derived CBD products will generate $6.9 billion, – a threefold increase over five years.

Sales by category

The availability of different segments of the hemp-CBD market are limited by the types of retailers willing to carry them.

For example, dozens of mainstream retailers have entered the CBD category by picking up topicals such as hand and body creams, balms and cosmetics, although most have been hesitant to sell ingestible products until there is more regulatory clarity from the FDA.

Despite this lack of regulation, ingestibles already are and will continue to be huge moneymakers for manufacturers and retailers. Nielsen estimates that sales for over-the-counter (OTC) supplements will reach more than $588 million in 2020, while other ingestible categories (including beverages, food, candy and gum) will top $400 million.
Inhalable hemp-CBD products are expected to reach $288 million this year.

Comparably, 2025 sales are projected to increase by:

  • 159% for over-the-counter supplements to $1.5 billion.
  • 428% for beverages to $1.2 billion.
  • 197% for inhalables to $792 million.
  • 428% for food items to $595 million.
  • 428% for candy and gum to $373 million.

Manufacturers have been focused on getting CBD approved as a food ingredient — but the food category is one of the smallest CBD segments, according to Nielsen. On the other hand, the prestige category, which includes beauty and skin care products typically available from higher-end retailers, might offer greater opportunity — both in the short term and the future — as sales are expected to increase by nearly 1,000% in the next five years.

Following closely behind food products are the similarly sized hemp-derived CBD beauty products and pet-products segments.

CBD beauty products are projected to reach $191 million in 2020, with estimated 7% growth to $507 million by 2025. Likewise, the hemp-CBD pet products market, estimated at $191 million in sales this year, is projected to grow 7% in five years to $506 million. Like food, however, growth of the pet-products sector is highly dependent on regulatory clarity.

Shore up your plans

Now the industry has a grasp of what increasing use looks like for hemp-CBD sales overall and by category, as well as how certain factors will impact consumer use – and what that means for hemp entrepreneurs and retailers trying to navigate the complex market.

Hemp Industry Daily is pleased to present “How to Navigate the Complicated World of CBD in Retail,” in collaboration with Nielsen Global Connect as part of an ongoing partnership that aims to provide exclusive data on hemp-CBD retail markets and consumer-purchasing behaviors for these products.

In the report, you’ll find data and insights on the existing hemp-CBD consumer product market in the U.S., including:

  • Estimated sales of hemp-CBD products.
  • Demographics for current and future CBD consumers.
  • How and why consumers are using CBD.
  • Barriers to consumer adoption.
  • Prices compared to non-CBD products.
  • Category management trends.
  • How to stand out at retail.
  • The federal regulatory outlook.

Source: https://hempindustrydaily.com/exclusive-cbd-demand-could-drive-2020-sales-of-2-billion-with-threefold-growth-projected-by-2025/

Red Light Holland $TRIP.ca to Acquire Wholesale Distribution Company in the Netherlands Providing Access to over 1,000 Retail Outlets in Multiple EU Countries $SHRM.ca $RVV.ca

Posted by AGORACOM at 9:28 AM on Tuesday, November 10th, 2020
Red-Light-Holland-Square

  • Announced it has entered into a non-binding letter of intent to acquire SR Wholesale B.V. one of the Netherlands’ premiere distributors for quality Truffles, CBD products, cannabis seeds, Smartshop items, Headshop products, Growshop goods and Cannabis Bake House edibles
  • SR Wholesale has established a distribution network of over 300 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.

Toronto, Ontario–(November 10, 2020) – Red Light Holland Corp. (CSE: TRIP) (FSE: 4YX) (OTC: TRUFF) (“Red Light Holland” or the “Company“), is pleased to announce it has entered into a non-binding letter of intent to acquire SR Wholesale B.V. (“SR Wholesale“), one of the Netherlands’ premiere distributors for quality Truffles, CBD products, cannabis seeds, Smartshop items, Headshop products, Growshop goods and Cannabis Bake House edibles. SR Wholesale has established a distribution network of over 300 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.

“This is a huge step forward for Red Light Holland, potentially rapidly expanding the distribution of our iMicrodose Packs to an expected 150-200 Smartshops. As well, the potential acquisition of SR Wholesale enables Red Light Holland to own one of the Netherlands’ top wholesale companies, in the sector,” said Todd Shapiro, CEO and Director of Red Light Holland. “While there is a due diligence process ahead, including understanding all the legalities of SR Wholesale’s extensive business, we at Red Light Holland are extremely excited by the potential to significantly expand our footprint and our revenues in the Netherlands, plus a plethora of other countries in the EU via the distribution network SR Wholesale has with over 1,000 retail shops.”

“So far working with Hans Derix and Todd Shapiro has been an amazing experience,” said Shai Ramashai, CEO of SR Wholesale. “My team and I have built an amazing wholesale and distribution business, with prompt service, where over 1,000 retail shops, all over Europe, have relied on us for quality products, as fast as you they can make the order! We pride ourselves on our dedicated customer service team, and we are confident that, if the final acquisition comes to fruition, Red Light Holland, with my assistance, will continue to grow, what we have worked so hard in doing since its successful inception in 2017.”

Separately, Red Light Holland is pleased to report that SR Wholesale has also entered into a definitive purchase agreement to buy the entire crop of Red Light Holland’s expected 100,000 grams of psilocybe Galindoi, psilocybe Mexicana and psilocybe Tampanensis Truffles, from the Company’s first official harvest.

About SR-Wholesale B.V.

SR Wholesale B.V. is a Dutch company based in Schijndel, Netherlands, specialized in the selection, distribution and export of Products such as Truffles, CBD products, cannabis seeds, Smartshop items, Headshop products, Growshop goods and Cannabis Bake House muffins, cookies and cakes. SR Wholesale has been operating successfully in the exceptionally competitive sales market for more than 4 years, in multiple European countries reaching over 1,000 retail shops.

About Red Light Holland Corp.

The Company is an Ontario-based corporation positioning itself to engage in the production, growth and sale (through existing Smart Shops operators and an advanced e-commerce platform) of a premium brand of magic truffles to the legal market within the Netherlands, in accordance with the highest standards, in compliance with all applicable laws.

For additional information on the Company:
Todd Shapiro
Chief Executive Officer & Director
Tel: 647-204-7129
Email: [email protected]
Website: https://redlighttruffles.com/

Forward-Looking Statements

D.C. Voters Appear to Approve Ballot Question to Decriminalize Psychedelic Mushrooms SPONSOR: Red Light Holland $TRIP.ca $SHRM.ca $RVV.ca $CMPS $MMED $PLNT.ca

Posted by AGORACOM at 3:38 PM on Wednesday, November 4th, 2020

SPONSOR: Red Light Holland (CSE: TRIP) is engaged in the production, growth and sale (through existing Smart Shops operators and an advanced e-commerce platform) of a premium brand of magic truffles to the legal, recreational market within the Netherlands. Learn more.

https://s3.amazonaws.com/s3.agoracom.com/public/companies/logos/564679/hub/Red_Light_Holland_Logo_2.png

A D.C. ballot initiative to decriminalize the use of magic mushrooms and other psychedelic substances had a commanding lead Tuesday after a months-long campaign in which supporters collected signatures during the height of the coronavirus pandemic.

Voters were deciding whether the nation’s capital would join a handful of cities moving to decriminalize certain psychedelic plants and fungi. The measure states it would make prosecution of those who use and sell the substances “among the Metropolitan Police Department’s lowest law enforcement priorities.”

Early results showed the measure had the approval of about three-quarters of voters.

The D.C. Board of Elections allowed Initiative 81, also known as the Entheogenic Plant and Fungus Policy Act of 2020, on the ballot amid a $700,000 campaign in which proponents collected 25,000 signatures during the pandemic. The board’s decision came amid a nationwide debate about policing and the medical value of psychedelic drugs, which supporters say are beneficial in treating trauma.

The nation’s capital appeared to become at least the fifth jurisdiction in the nation with some form of decriminalized psychedelics, joining Denver; Oakland, Calif.; Santa Cruz, Calif.; and Ann Arbor, Mich., where the city council approved decriminalization in September. Oregon voters were casting ballots Tuesday on two related statewide initiatives.

The D.C. version was introduced by Melissa Lavasani, a city government employee who used microdoses of psychedelic mushrooms to help her recover from postpartum depression. Speaking Tuesday night to supporters of the measure, she said she hopes it’s a step toward normalizing plant medicine for the purpose of healing.

“We have changed the game here. We have shifted this dialogue,” she said. “We are trying to normalize mental health.”

If approved, the ballot initiative would go to the D.C. Council for review. If the council doesn’t overturn the measure — as it did in 2018 with an initiative that would have mandated a $15-per-hour minimum wage for tipped workers — it will be sent to Congress for review. If Congress doesn’t object within 30 legislative days — as it did when it blocked D.C.’s attempt to legalize marijuana in 1998 — the initiative would go into effect.

Lindsey Walton, a spokeswoman for D.C. Council Chairman Phil Mendelson (D), said in an email he “does not have a strong position on the initiative either way” and did not plan to block it if it passed.

In February, the D.C. Board of Elections approved Initiative 81 after supporters argued that ibogaine, mescaline and the hallucinogen psilocybin, among other chemicals, help people recover from post-traumatic stress disorder and addiction.

D.C. Mayor Muriel E. Bowser (D) said late last month that she would vote against the initiative.

“It seems like the issue is not an organically D.C.-created initiative, and I don’t typically favor those. I won’t be voting for it,” she said.

D.C. Mayor Bowser says she’ll vote ‘no’ on ballot question on psychedelic mushrooms

In September, D.C. Department of Health Director LaQuandra Nesbitt said it would be “very difficult” for her to support the use of psychedelic substances without further information about their long-term side effects.

“People talk about things being plant-based as if that makes them automatically healthy,” she said, noting that opioids and tobacco also come from plants.

Supporters of the campaign, funded by a political action committee supported by, among others, natural soap company Dr. Bronner’s, plastered D.C. with signs and paid more than 150 people as much as $10 per name to collect the signatures needed to get the initiative on the ballot. One-third of the signatures were collected virtually or by mail — a first for a D.C. ballot initiative — after the D.C. Council allowed remote collection in May amid the pandemic.

Supporters suspended their collection of signatures when Bowser declared a public health emergency in March. They turned to remote collection when the D.C. Council allowed signatures to be returned electronically and by mail in May. While there was little visible campaigning against the ballot measure, D.C. voters weighed in on the proposal at the polls

Lizzy Hampton, a 20-year-old student at George Washington University, voted early at School Without Walls High School last week. She said possessing such substances shouldn’t result in criminal penalties.

“People should have access to medicinal substances recreationally,” she said.

Darlene Frederick, a 70-year-old retiree who voted at the Columbia Heights Community Center, had a different view.

“I voted no because I thought it was silly,” she said. “Hallucinogenic drugs? Maybe I’m old.”

SOURCE: https://www.washingtonpost.com/local/dc-politics/dc-magic-mushrooms-result/2020/11/03/bb929e86-1abc-11eb-bb35-2dcfdab0a345_story.html

CLIENT FEATURE: Red Light Holland $TRIP.ca iMicrodose Magic Truffle Distribution Agreement Catalyst for Growth $SHRM.ca $RVV.ca $CMPS $MMED $PLNT.ca

Posted by AGORACOM at 1:28 PM on Thursday, October 29th, 2020

(CSE: TRIP)

Red Light Holland’s iMicrodose packs are Available on Shelves in the Netherlands (18+) and online plus their Science and Innovation Division, Scarlette Lillie, is taking notice in the Longevity field, via their Jinfiniti arrangement.

It appears as if, Scarlette Lillie Science and Innovation’s goal is to support science and medical research without needing to raise 100’s millions of dollars while focusing on the digital experience and potential opt-in user data collection.  

  • Red Light Holland and Scarlette Lillie is focused on education and information plus adult-responsible use of their iMicrodose packs.
  • Joined the Medical Psychedelics Working Group 
    • a consortium of drug science experts, leading academics and researchers, policy specialists and industry partners 

Scarlette Lillie and Jinfiniti Precision Medicine 

  • This relationship with Jinfiniti may allow Scarlette Lillie to add a novel component to expected clinical studies for psilocybin and truffles.
  • The knowledge that comes from this has the potential to not only influence the outcome of clinical studies but can also potentially lead to novel treatments for several disorders.  

Virtual Reality Shopping Experience

Red Light Holland is creating a virtual reality shopping experience module, intended to explain the effects of microdosing of magic truffles on the human brain, as well as a virtual reality avatar that is centered around Red Light Holland’s brand.   

  • The VR Module is expected to be completed in Q4 2020,  
  • Educating and enabling individuals to make reasoned, informed decisions with respect to magic truffles and other psychedelic substances,   
  • Enabling Red Light Holland to gather valuable data on user experience of synesthesia, loss of autonomy and suggestibility to inform further study and research in the psychedelic space.   

The VR Avatar, which is expected to be completed in Q3 2020, is expected to assist Red Light Holland’s larger efforts towards reducing the stigma associated with, among other things, magic truffles and other psychedelic substances.  

Red Light Holland’s Growth Potential 

TRIP is established to grow, distribute and market a magic truffles to the legal, recreational market within the Netherlands   

  • Red Light Holland has reached a Distribution Arrangement for iMicrodose Packs with a total of 8 Smart Shops Netherlands and expects that number to grow rapidly.
  • Red Light Holland iMicrodose Packs are currently available in 3 Smartshops and the rest are expected to be in Smartshops by the end of October, 2020 
  • Red Light Holland iMicrodose Packs are available to the Netherlands, Adult market online at www.iMicrodose.nl and are offering a unique subscription model.
  • The sales and growth evolution of Red Light is just beginning 

“This is just another example on how aggressive we are by immediately increasing the ability for consumers, all over the Netherlands, to purchase our iMicrodose packs powered by Red Light Holland. ” Todd Shapiro, CEO and Director of Red Light Holland.  

Red Light (to the best of our research) is the first public company selling psychedelic products on the market

Responsibility Toward Consumption 

  • Responsible use requires users who are at a minimum 18 years old.  
  • Red light is a self-regulated company and in accordance with the highest standards and compliance with all applicable laws.  
  • Red Light Holland’s team includes Bruce Linton as their Chair of the Advisory Board, Tony Clement (former Canadian Health Minister) and World Famous Entertainer Russell Peters.
  • Red Light Holland has been featured in vice.com – www.Hightimes.com – the New York Observer – and mentioned on The Joe Rogan Experience. 
  • Former Top Rated Host, CEO Todd Shapiro is clearly using his deep rooted celebrity connections to get incredible exposure on the Company.
  • This earned media to such a large audience is impressive for any small cap Company 

Red Light Holland’s current market cap is approximately 20 million and appears to be low when comparing them to their peers, considering they currently have a product on shelves, while supporting science and innovation intelligently. 

Peer Market cap Comparisons:

1. NUMI NUMINUS WELLNESS INC:  $37,703,000

2. MYCO Mydecine Innovations Group Inc.: $48,829,000

3. MMED MIND MEDICINE (MINDMED) INC.: $391,733,000

FULL DISCLOSURE: Red Light Holland is an advertising client of AGORA Internet Relations Corp.