Northwire Canada EditionFriday, October 16, 2026
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GOLD 4183.30 +0.3% SILVER 57.19 +0.1% COPPER 6.56 +0.1% OIL 98.92 +1.0% PALLADIUM 1114.00 −1.3% CCMM 0.540 +11.3% MON 0.385 −6.1% OMI 0.250 +0.0% BUFF 0.800 +2.6% FEO 0.640 −1.5% LIB 0.700 −2.8% NPR 0.620 +0.0% QZM 0.380 +0.0% BVA 0.770 +1.3% ONAU 0.530 +1.9% FMR 0.225 +0.0% GSVR 0.350 +2.9% PHNM 0.345 +1.5% SLG 5.57 −2.5% CASA 0.060 +0.0% DRY 0.220 +2.3% GOLD 4183.30 +0.3% SILVER 57.19 +0.1% COPPER 6.56 +0.1% OIL 98.92 +1.0% PALLADIUM 1114.00 −1.3% CCMM 0.540 +11.3% MON 0.385 −6.1% OMI 0.250 +0.0% BUFF 0.800 +2.6% FEO 0.640 −1.5% LIB 0.700 −2.8% NPR 0.620 +0.0% QZM 0.380 +0.0% BVA 0.770 +1.3% ONAU 0.530 +1.9% FMR 0.225 +0.0% GSVR 0.350 +2.9% PHNM 0.345 +1.5% SLG 5.57 −2.5% CASA 0.060 +0.0% DRY 0.220 +2.3%
Production / Operations

Red Light Holland's FDA-Compliant, DEA-Registered Partner Irvine Labs Receives Second, Larger 5kg Psilocybin Shipment via USA Controlled Substances Import Permit

TRIP · Price

Executive Summary

  • Red Light Holland shipped a second, larger batch of natural psilocybin (5 kg) from its Netherlands facility to FDA‑compliant, DEA‑registered partner Irvine Labs in California.
  • The shipment demonstrates successful scaling of the supply chain and supports expanded research on dehydration, packaging, and medical‑grade manufacturing processes.
  • The company issued 3,250,719 common shares at a deemed price of $0.035 per share to settle debt with arm’s‑length creditors.

Key Details

  • Shipment Size: 5 kg of natural psilocybin – second shipment, larger than the initial July 2025 delivery.
  • Regulatory Approvals: Export approved under U.S. Controlled Substances import permit; processed using Irvine Labs’ existing 2025 DEA quota allocation.
  • Purpose: Enables expanded R&D activities, including validation of proprietary dehydration and packaging processes to extend shelf life while maintaining product integrity for potential therapeutic applications.
  • Partnership Progress: Confirms viability of the Red Light Holland–Irvine Labs collaboration and strengthens supply‑chain reliability for future medical‑grade product development.
  • CEO Quote (Todd Shapiro): Highlights the significance of scaling R&D operations and the strength of the partnership.
  • President Quote (Shaun Land, Irvine Labs): Emphasizes the ability to conduct more comprehensive testing and advance toward standardized therapeutic products.
  • Debt Settlement: Issuance of 3,250,719 common shares at $0.035 per share to arm’s‑length creditors as part of a debt settlement arrangement.

Notable Quotes

“This second and larger shipment represents significant progress in scaling our R&D operations,” – Todd Shapiro, CEO & Director, Red Light Holland.

“This larger shipment allows us to conduct more comprehensive testing of our preservation processes… we’re excited to advance toward standardized products for emerging therapeutic markets.” – Shaun Land, President, Irvine Labs.

Read the original news release →

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