Red Light Holland's Wholly Owned Subsidiary Happy Caps Expands Safeway Partnership to 123 Stores Across the U.S. Pacific Northwest, in Time for American Thanksgiving

Executive Summary

• Red Light Holland’s Happy Caps Mushroom Farm expands its Safeway distribution from 66 to 123 stores in Oregon and Washington, a 86% increase timed for the Thanksgiving holiday.
• The company granted 100,000 stock options at $0.05 per share and 4,250,000 RSUs to employees, plus additional RSU and share issuances to directors and consultants as part of debt‑settlement arrangements.

Key Details

• Retail Expansion
• Distribution now covers 123 Safeway locations (up from 66) across Oregon and Washington.
• Roll‑out begins the week of 17 Nov 2025, with a replenishment order scheduled for the week of 5 Dec 2025 to support holiday demand.
• Total units allocated: 4,428 kits (vs. 2,376 in the spring program).

• Products featured: Shiitake, Lion’s Mane, and Oyster mushroom home‑grow kits, produced locally in Oregon with Trailbridge Mushroom Farm.

• Equity Incentive Grants

• 100,000 stock options granted to a new employee; exercise price $0.05 per share; vesting over two years; expiry Nov 3 2030.
• 4,250,000 RSUs granted to officers, employees and consultants; vesting over two years.

• All shares underlying options/RSUs subject to a statutory four‑month‑plus‑one‑day hold period and applicable foreign securities restrictions.

• Related‑Party RSU Grant

• Director received 3,500,000 RSUs under MI 61‑101; transaction exempt from formal valuation/minority approval because consideration < 25% of market cap.

• Company did not file a material change report >21 days prior but deemed the timing reasonable for rapid incentive deployment.

• Share Issuance for Debt Settlement

• Board approved issuance of 5,611,250 shares to directors and consultants at a deemed price of $0.035 per share in exchange for reduction of cash compensation.
• Directors received an additional 4,659,750 shares under MI 61‑101 (same exemption criteria as above).
• Board also authorized settlement of arm’s‑length creditor obligations via future share issuances at a price to be determined at settlement.

Notable Quotes

• “We're extremely proud to nearly double our U.S. retail footprint with Safeway, just in time for American Thanksgiving,” said Todd Shapiro, CEO and Director.

All boilerplate, forward‑looking statements and company background sections have been omitted.