Magic Truffles Firm Gets Canadian Stock Market Listing

The technicolor gold rush in the capitalization of psychedelics companies continued Thursday as Red Light Holland, a firm gearing up to enter the psilocybin truffles market in the Netherlands, saw its stock listed on the Canadian Stock Exchange (CSE). The listing follows similar moves by Champignon Brands and MindMed in March and Psyched Wellness last week.

Red Light Holland is headed by CEO and former radio and SiriusXM shock jock Todd Shapiro, who combined his passion for capital markets and contacts he’s made in the media industry to launch the firm. Although he had experimented with psilocybin mushrooms a few times in college, Shapiro readily admits he is in no way a pioneer or longtime advocate in the field of psychedelics. But when a suicide in his family left him badly shaken, he began to look at magic mushrooms in a new light.

Shapiro’s media career had been based on research and taking deep dives into the issues of the day, so when he learned about studies that revealed psilocybin’s potential as a treatment for depression, anxiety, and PTSD, he was intrigued. And when psychedelic mushrooms helped him with his personal struggles, he was inspired.

“I started to think about how I can try to make a difference in this world beyond my radio show,” Shapiro said in a phone interview with High Times.