None

SEDAR Interim Financial Statements

By The Northwire Desk — AI Analysis Mar 02, 2026 · 16:11 TRIP · 0.015 Red Light Holland Corp

TRIP · Price

[ { "companyName": "Red Light Holland Corp.", "reportingPeriodEnd": "2025-12-31", "reportStatus": "Unaudited", "auditorName": null, "auditorKeyMatters": [], "balanceSheet": { "2025-12-31": { "cashAndCashEquivalents": 9237626, "restrictedCash": null, "accountsReceivable": 814264, "salesTaxReceivable": null, "incomeTaxRecoverable": 989, "marketableSecuritiesCurrent": 644317, "prepaidExpensesAndDeposits": 397079, "inventories": 943412, "assetsHeldForSale": 2255251, "totalCurrentAssets": 14292938, "marketableSecuritiesNonCurrent": 666267, "propertyPlantAndEquipment": 2966315, "intangibleAssets": null, "rightOfUseAsset": 274432, "totalNonCurrentAssets": 3907014, "totalAssets": 18199952, "accountsPayableAndAccruedLiabilities": 1765205, "convertibleDebentures": null, "leaseLiabilitiesCurrent": 61505, "loansAndAdvancesCurrent": 1309334, "incomeTaxPayable": null, "totalCurrentLiabilities": 3136044, "leaseLiabilitiesNonCurrent": 240158, "deferredTaxLiability": 207195, "totalNonCurrentLiabilities": 447353, "totalLiabilities": 3583397, "shareCapital": 43875312, "sharesToBeIssued": 17002, "warrants": 11017314, "contributedSurplus": 5452106, "nonControllingInterest": -75613, "accumulatedOtherComprehensiveIncome": 104106, "accumulatedDeficit": -45773672, "totalShareholdersEquity": 14616555, "totalLiabilitiesAndShareholdersEquity": 18199952, "cashPerShare": 0.0223, "workingCapitalPerShare": 0.0270 }, "2025-03-31": { "cashAndCashEquivalents": 12272787, "restrictedCash": 565378, "accountsReceivable": 404030, "salesTaxReceivable": 326, "incomeTaxRecoverable": null, "marketableSecuritiesCurrent": null, "prepaidExpensesAndDeposits": 493699, "inventories": 1000785, "assetsHeldForSale": null, "totalCurrentAssets": 14737005, "marketableSecuritiesNonCurrent": 778833, "propertyPlantAndEquipment": 5307295, "intangibleAssets": 22074, "rightOfUseAsset": 376185, "totalNonCurrentAssets": 6484387, "totalAssets": 21221392, "accountsPayableAndAccruedLiabilities": 1366667, "convertibleDebentures": 650000, "leaseLiabilitiesCurrent": 83723, "loansAndAdvancesCurrent": 1127884, "incomeTaxPayable": 26892, "totalCurrentLiabilities": 3255166, "leaseLiabilitiesNonCurrent": 321553, "deferredTaxLiability": 295086, "totalNonCurrentLiabilities": 616639, "totalLiabilities": 3871805, "shareCapital": 43341953, "sharesToBeIssued": 17002, "warrants": 11017314, "contributedSurplus": 5124529, "nonControllingInterest": -2793, "accumulatedOtherComprehensiveIncome": 51255, "accumulatedDeficit": -42199673, "totalShareholdersEquity": 17349587, "totalLiabilitiesAndShareholdersEquity": 21221392 } }, "incomeStatement": { "2025-12-31_3months": { "revenue": 1264798, "costOfSales": 906878, "grossProfit": 357920, "generalAndAdministrative": 1198591, "shareBasedPayments": 348620, "interestExpense": 12701, "research": 8166, "totalOperatingExpenses": 1568078, "lossBeforeOtherItemsAndTaxes": -1210158, "reversalOfProvisionOfSalesTaxes": null, "unrealizedLossInFairValueOfMarketableSecurities": -172739, "realizedLossGainOnSaleOfPropertyPlantAndEquipment": -2082, "gainOnDecommissionOfLeases": null, "gainOnModificationOfConvertibleDebentures": null, "contractTerminationCost": null, "lossOnSharesForDebtSettlement": -84602, "lossOnDisposalOfSubsidiary": -21760, "foreignExchangeLossGain": -809, "interestIncome": 52317, "netLossBeforeTaxes": -1439833, "incomeTaxRecovery": 28605, "netLoss": -1411228, "netLossAttributableToShareholders": -1378899, "netLossAttributableToNonControllingInterest": -32329, "foreignCurrencyTranslation": -22018, "comprehensiveLoss": -1433246, "weightedAverageSharesOutstandingBasic": 417591429, "weightedAverageSharesOutstandingDiluted": 417591429, "netLossPerShareBasic": 0.00, "netLossPerShareDiluted": 0.00 }, "2024-12-31_3months": { "revenue": 1168453, "costOfSales": 753674, "grossProfit": 414779, "generalAndAdministrative": 1423444, "shareBasedPayments": -21560, "interestExpense": 42985, "research": -123, "totalOperatingExpenses": 1444746, "lossBeforeOtherItemsAndTaxes": -1029967, "reversalOfProvisionOfSalesTaxes": null, "unrealizedLossInFairValueOfMarketableSecurities": null, "realizedLossGainOnSaleOfPropertyPlantAndEquipment": 4167, "gainOnDecommissionOfLeases": 4284, "gainOnModificationOfConvertibleDebentures": null, "contractTerminationCost": null, "lossOnSharesForDebtSettlement": null, "lossOnDisposalOfSubsidiary": null, "foreignExchangeLossGain": 2104, "interestIncome": 99875, "netLossBeforeTaxes": -919537, "incomeTaxRecovery": 20690, "netLoss": -898847, "netLossAttributableToShareholders": -852470, "netLossAttributableToNonControllingInterest": -46377, "foreignCurrencyTranslation": 556, "comprehensiveLoss": -898291, "weightedAverageSharesOutstandingBasic": 400935887, "weightedAverageSharesOutstandingDiluted": 400935887, "netLossPerShareBasic": 0.00, "netLossPerShareDiluted": 0.00 }, "2025-12-31_9months": { "revenue": 3320047, "costOfSales": 2187622, "grossProfit": 1132425, "generalAndAdministrative": 3686663, "shareBasedPayments": 771987, "interestExpense": 46972, "research": 11033, "totalOperatingExpenses": 4516655, "lossBeforeOtherItemsAndTaxes": -3384230, "reversalOfProvisionOfSalesTaxes": null, "unrealizedLossInFairValueOfMarketableSecurities": -454370, "realizedLossGainOnSaleOfPropertyPlantAndEquipment": -2901, "gainOnDecommissionOfLeases": null, "gainOnModificationOfConvertibleDebentures": null, "contractTerminationCost": null, "lossOnSharesForDebtSettlement": -84602, "lossOnDisposalOfSubsidiary": -21760, "foreignExchangeLossGain": -3169, "interestIncome": 212922, "netLossBeforeTaxes": -3738110, "incomeTaxRecovery": 91291, "netLoss": -3646819, "netLossAttributableToShareholders": -3573999, "netLossAttributableToNonControllingInterest": -72820, "foreignCurrencyTranslation": 52851, "comprehensiveLoss": -3593968, "weightedAverageSharesOutstandingBasic": 413911376, "weightedAverageSharesOutstandingDiluted": 413911376, "netLossPerShareBasic": -0.01, "netLossPerShareDiluted": -0.01 }, "2024-12-31_9months": { "revenue": 4094971, "costOfSales": 2503588, "grossProfit": 1591383, "generalAndAdministrative": 4378230, "shareBasedPayments": 515027, "interestExpense": 125103, "research": 24789, "totalOperatingExpenses": 5043149, "lossBeforeOtherItemsAndTaxes": -3451766, "reversalOfProvisionOfSalesTaxes": 163249, "unrealizedLossInFairValueOfMarketableSecurities": null, "realizedLossGainOnSaleOfPropertyPlantAndEquipment": 4167, "gainOnDecommissionOfLeases": 4284, "gainOnModificationOfConvertibleDebentures": 113615, "contractTerminationCost": -9959, "lossOnSharesForDebtSettlement": null, "lossOnDisposalOfSubsidiary": null, "foreignExchangeLossGain": -6900, "interestIncome": 416278, "netLossBeforeTaxes": -2767032, "incomeTaxRecovery": 24670, "netLoss": -2742362, "netLossAttributableToShareholders": -2644622, "netLossAttributableToNonControllingInterest": -97740, "foreignCurrencyTranslation": -31898, "comprehensiveLoss": -2774260, "weightedAverageSharesOutstandingBasic": 399540364, "weightedAverageSharesOutstandingDiluted": 399540364, "netLossPerShareBasic": -0.01, "netLossPerShareDiluted": -0.01 } }, "cashFlowStatement": { "2025-12-31_9months": { "netLoss": -3646819, "amortizationAndDepreciation": 278552, "shareBasedPayments": 771987, "unrealizedLossInFairValueOfMarketableSecurities": 454370, "lossGainOnSaleOfPropertyPlantAndEquipment": 2901, "gainOnDecommissionOfLeases": null, "gainOnModificationOfConvertibleDebentures": null, "gainOnTerminationOfContract": null, "lossOnSharesForDebtSettlement": 84602, "lossOnDisposalOfSubsidiary": 22778, "interestAndAccretion": 39841, "deferredTaxGains": -87891, "totalNonCashAdjustments": -2079679, "changesInAccountsReceivable": -410234, "changesInSalesTaxReceivable": 326, "changesInIncomeTaxReceivable": -27881, "changesInPrepaidExpensesAndDeposits": 96620, "changesInInventories": 57373, "changesInAccountsPayableAndAccruedLiabilities": 402885, "cashFlowsUsedInOperatingActivities": -1960590, "purchasesOfMarketableSecurities": -986121, "acquisitionOfPropertyPlantAndEquipment": -137883, "cashFlowsUsedInInvestingActivities": -1124004, "proceedsFromConvertibleDebentures": null, "repaymentOfConvertibleDebentures": -653134, "loanProceeds": 181450, "leasePayments": -92062, "cashFlowsProvidedByUsedInFinancingActivities": -563746, "effectOfForeignExchangeRatesOnCash": 47801, "changeInCashAndCashEquivalentsAndRestrictedCash": -3600539, "cashAndCashEquivalentsAndRestrictedCashBeginning": 12838165, "cashAndCashEquivalentsAndRestrictedCashEnd": 9237626 }, "2024-12-31_9months": { "netLoss": -2742362, "amortizationAndDepreciation": 667350, "shareBasedPayments": 515027, "unrealizedLossInFairValueOfMarketableSecurities": null, "lossGainOnSaleOfPropertyPlantAndEquipment": -4167, "gainOnDecommissionOfLeases": -5165, "gainOnModificationOfConvertibleDebentures": -113614, "gainOnTerminationOfContract": -161924, "lossOnSharesForDebtSettlement": null, "lossOnDisposalOfSubsidiary": null, "interestAndAccretion": 117027, "deferredTaxGains": -46277, "totalNonCashAdjustments": -1774105, "changesInAccountsReceivable": 176584, "changesInSalesTaxReceivable": 566578, "changesInIncomeTaxReceivable": 36592, "changesInPrepaidExpensesAndDeposits": 349632, "changesInInventories": -32338, "changesInAccountsPayableAndAccruedLiabilities": -256627, "cashFlowsUsedInOperatingActivities": -933684, "purchasesOfMarketableSecurities": 5819, "acquisitionOfPropertyPlantAndEquipment": -491958, "cashFlowsUsedInInvestingActivities": -486139, "proceedsFromConvertibleDebentures": 358826, "repaymentOfConvertibleDebentures": null, "loanProceeds": 200000, "leasePayments": -186728, "cashFlowsProvidedByUsedInFinancingActivities": 372098, "effectOfForeignExchangeRatesOnCash": -33943, "changeInCashAndCashEquivalentsAndRestrictedCash": -1081668, "cashAndCashEquivalentsAndRestrictedCashBeginning": 14372324, "cashAndCashEquivalentsAndRestrictedCashEnd": 13290656 } }, "investmentsAndOtherAssets": [ { "type": "Exchange Traded Fund", "description": "iShares Bitcoin ETF", "ownershipPercentage": null, "value": 644317, "notes": "Level 1 fair value, measured at fair value through profit or loss" }, { "type": "Private Equity", "description": "Common shares of Elevate Farms Inc.", "ownershipPercentage": null, "value": 584909, "notes": "Level 3 fair value, valued using recent financing activity" }, { "type": "Warrants", "description": "Warrants of Elevate Farms Inc.", "ownershipPercentage": null, "value": 81358, "notes": "Level 3 fair value, valued using Black-Scholes model with 52% volatility" } ], "shareStructure": { "authorizedShares": "Unlimited common shares, 2,000,000 preference shares", "issuedShares": 422531187, "classesOfShares": ["Common Shares", "Preference Shares"], "warrants": [ { "number": 14875000, "exercisePrice": 0.10, "expiryDate": "2026-04-08" } ], "options": [ { "number": 400000, "exercisePrice": 0.075, "expiryDate": "2027-06-29" }, { "number": 13035000, "exercisePrice": 0.10, "expiryDate": "2028-04-24" }, { "number": 2050000, "exercisePrice": 0.055, "expiryDate": "2028-10-30" }, { "number": 9200000, "exercisePrice": 0.05, "expiryDate": "2030-01-21" }, { "number": 1000000, "exercisePrice": 0.05, "expiryDate": "2030-03-18" }, { "number": 100000, "exercisePrice": 0.05, "expiryDate": "2030-11-11" } ], "rightsConvertibleInstruments": null }, "managementCompensation": { "currency": "CAD", "periods": [ { "period": "2025-12-31_3months", "salary": 128885, "consultingFees": 70000, "carAllowances": 4800, "others": 0, "total": 203685 }, { "period": "2024-12-31_3months", "salary": 132392, "consultingFees": 126499, "carAllowances": 4800, "others": 0, "total": 263691 }, { "period": "2025-12-31_9months", "salary": 378885, "consultingFees": 234520, "carAllowances": 14400, "others": 0, "total": 627805 }, { "period": "2024-12-31_9months", "salary": 446898, "consultingFees": 394822, "carAllowances": 14400, "others": 6000, "total": 862120 } ], "namedIndividuals": [ { "name": "Todd Shapiro", "title": "CEO", "period": "2025-12-31_3months", "components": { "salary": 82500, "bonus": 0, "total": 82500 } }, { "name": "Todd Shapiro", "title": "CEO", "period": "2024-12-31_3months", "components": { "salary": 82500, "bonus": 0, "total": 82500 } }, { "name": "Todd Shapiro", "title": "CEO", "period": "2025-12-31_9months", "components": { "salary": 247500, "bonus": 0, "total": 247500 } }, { "name": "Todd Shapiro", "title": "CEO", "period": "2024-12-31_9months", "components": { "salary": 247500, "bonus": 0, "total": 247500 } }, { "name": "Former CFO", "title": "Chief Financial Officer", "period": "2025-12-31_3months", "components": { "salary": 0, "bonus": 0, "total": 0 } }, { "name": "Former CFO", "title": "Chief Financial Officer", "period": "2024-12-31_3months", "components": { "salary": 0, "bonus": 0, "total": 0 } }, { "name": "Former CFO", "title": "Chief Financial Officer", "period": "2025-12-31_9months", "components": { "salary": 0, "bonus": 0, "total": 0 } }, { "name": "Former CFO", "title": "Chief Financial Officer", "period": "2024-12-31_9months", "components": { "salary": 55916, "bonus": 0, "total": 55916 } }, { "name": "VP of Sales", "title": "Vice President of Sales", "period": "2025-12-31_3months", "components": { "salary": 46385, "bonus": 0, "total": 46385 } }, { "name": "VP of Sales", "title": "Vice President of Sales", "period": "2024-12-31_3months", "components": { "salary": 44892, "bonus": 0, "total": 44892 } }, { "name": "VP of Sales", "title": "Vice President of Sales", "period": "2025-12-31_9months", "components": { "salary": 121385, "bonus": 0, "total": 121385 } }, { "name": "VP of Sales", "title": "Vice President of Sales", "period": "2024-12-31_9months", "components": { "salary": 119892, "bonus": 0, "total": 119892 } }, { "name": "Former VP of Sales", "title": "Vice President of Sales", "period": "2025-12-31_3months", "components": { "salary": 0, "bonus": 0, "total": 0 } }, { "name": "Former VP of Sales", "title": "Vice President of Sales", "period": "2024-12-31_3months", "components": { "salary": 0, "bonus": 0, "total": 0 } }, { "name": "Former VP of Sales", "title": "Vice President of Sales", "period": "2025-12-31_9months", "components": { "salary": 0, "bonus": 0, "total": 0 } }, { "name": "Former VP of Sales", "title": "Vice President of Sales", "period": "2024-12-31_9months", "components": { "salary": 8590, "bonus": 0, "total": 8590 } }, { "name": "Non-executive director", "title": "Non-executive Director", "period": "2025-12-31_3months", "components": { "salary": 0, "bonus": 0, "total": 0 } }, { "name": "Non-executive director", "title": "Non-executive Director", "period": "2024-12-31_3months", "components": { "salary": 5000, "bonus": 0, "total": 5000 } }, { "name": "Non-executive director", "title": "Non-executive Director", "period": "2025-12-31_9months", "components": { "salary": 10000, "bonus": 0, "total": 10000 } }, { "name": "Non-executive director", "title": "Non-executive Director", "period": "2024-12-31_9months", "components": { "salary": 15000, "bonus": 0, "total": 15000 } }, { "name": "Current CFO", "title": "Chief Financial Officer", "period": "2025-12-31_3months", "components": { "salary": 0, "bonus": 0, "total": 15000 } }, { "name": "Current CFO", "title": "Chief Financial Officer", "period": "2024-12-31_3months", "components": { "salary": 0, "bonus": 0, "total": 0 } }, { "name": "Current CFO", "title": "Chief Financial Officer", "period": "2025-12-31_9months", "components": { "salary": 0, "bonus": 0, "total": 45000 } }, { "name": "Current CFO", "title": "Chief Financial Officer", "period": "2024-12-31_9months", "components": { "salary": 0, "bonus": 0, "total": 0 } }, { "name": "Other officers and directors", "title": "Officers and Directors", "period": "2025-12-31_3months", "components": { "salary": 0, "bonus": 0, "total": 55000 } }, { "name": "Other officers and directors", "title": "Officers and Directors", "period": "2024-12-31_3months", "components": { "salary": 0, "bonus": 0, "total": 126499 } }, { "name": "Other officers and directors", "title": "Officers and Directors", "period": "2025-12-31_9months", "components": { "salary": 0, "bonus": 0, "total": 189520 } }, { "name": "Other officers and directors", "title": "Officers and Directors", "period": "2024-12-31_9months", "components": { "salary": 0, "bonus": 0, "total": 394822 } } ], "otherRelatedPartyTransactions": [ { "counterparty": "Related parties (officers and directors)", "description": "Amounts due to related parties included in accounts payable and accrued liabilities", "amount": 145207, "period": "2025-12-31" } ] }, "subsequentEvents": [ { "eventDate": "2026-01-26", "description": "Issuance of 3,179,534 common shares upon exercise of RSUs", "impactValue": null }, { "eventDate": "2026-01-27", "description": "Expiry of 600,000 options at $0.055 and 100,000 options at $0.05", "impactValue": null }, { "eventDate": null, "description": "Purchase of additional Bitcoin ETFs for $99,924", "impactValue": 99924 } ] } ]

Read the original news release →

SEDAR Interim Financial Statements

More from Red Light Holland Corp

Early-stage preclinical milestone adds to pipeline, but stock has already priced in a +200% run; execution risk remains high.

Red Light Holland's Wholly Owned Subsidiary, Filament Health, Signs Agreement to Supply PEX010 Botanical Psilocybin Drug Candidate for Study at GHU Paris Psychiatrie & Neurosciences in France

Red Light Holland Secures UCSF Supply Deal for PEX010, But Clinical Progress Remains Incremental Amid Dilution Concerns

Red Light Holland Expands Filament Health Psychedelic Supply Footprint in New Zealand

Red Light Holland expands its clinical psilocybin network, but mounting share dilution and a transition to pharma leave investors waiting for a clear commercial catalyst.

Red Light Holland Consolidates Psychedelic Platform Post-Acquisition Amidst Management Transition