Red Light Holland Corp. (TRUFF)
Red Light Holland Corp. primarily focuses on the cultivation, manufacturing, and commercialization of magic truffles for the leisure market within the Netherlands. Additionally, the company is active in sourcing, distributing, and internationally shipping a diverse range of items, including various truffle types, cannabidiol (CBD) products, cannabis seeds, headshop merchandise, and cannabis-infused bakery items such as muffins, cookies, and cakes. Its offerings are branded as iMicrodose and Maka, and they are available for purchase across the Netherlands via 74 physical SmartShops, its dedicated iMicrodose.nl website, and numerous other e-commerce platforms. The company's headquarters are located in Toronto, Ontario.
Industry: Drug Manufacturers - Specialty & Generic
Rhelion Life Sciences Corp.
OTC:TRUFFHealthcare · Drug Manufacturers - Specialty & Generic
-2.52%$0.0174
Mkt Cap$11.31M
Float381.15M
O/S650.25M
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$2.99M
Net Income-$4.35M
Total Assets$10.39M
Free Cash Flow-$1.83M
Debt & Equity
Debt 11%
Equity 89%
Total Debt$1.01M
Total Equity$8.53M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in TRUFF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$10.39M
Liabilities$2.39M
Accounts Receivable$341K
Accounts Payable$450K
Inventory$603K
PP&E (Net)$1.08M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2018-03-31 | 2017-03-31 | 2016-03-31 | 2015-03-31 | 2014-03-31 | 2013-03-31 |
| Revenue | $2.99M | $3.52M | $3.39M | $2.82M | $79K | $79K | $0 | $8K | $29K | $134K | $270K | $519K | $149K | $570K |
| YoY Growth | -15.1% | 4.0% | 20.3% | 3459.7% | 0.0% | - | - | -73.4% | -78.2% | -50.4% | -48.0% | 247.6% | -73.8% | - |
| Cost of Revenue | $1.86M | $2.16M | $1.95M | $1.6M | $65K | $65K | $0 | $0 | $184K | $0 | $0 | $0 | $0 | $1.28M |
| Gross Profit | $1.13M | $1.36M | $1.44M | $1.22M | $14K | $14K | $0 | $8K | -$155K | $134K | $270K | $519K | $149K | -$713K |
| Gross Margin | 37.9% | 38.7% | 42.5% | 43.2% | 17.4% | 17.4% | - | 100.0% | -533.1% | 100.0% | 100.0% | 100.0% | 100.0% | -125.2% |
| Research and Development | $13K | $18K | $37K | $218K | $11K | $11K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $3.81M | $3.91M | $5.15M | $4.23M | $6M | $232K | $232K | $136K | $238K | $221K | $208K | $305K | $474K | $1.07M |
| Other | $255K | $438K | $849K | -$40K | $24K | $24K | $0 | $0 | -$65K | -$221K | -$145K | $0 | $0 | $0 |
| Total Operating Expenses | $4.07M | $4.37M | $6.04M | $4.75M | $3.33M | $232K | $232K | $136K | $65K | $221K | $145K | $306K | $144K | $1.31M |
| Operating Income (EBIT) | -$2.94M | -$3M | -$4.6M | -$3.42M | -$3.28M | -$232K | -$232K | -$128K | -$220K | -$87K | $125K | $213K | -$325K | -$1.79M |
| Operating Margin | -98.3% | -85.2% | -135.7% | -121.5% | -4142.5% | -293.1% | - | -1660.3% | -757.6% | -65.2% | 46.3% | 41.1% | -217.6% | -314.1% |
| Interest Expense | $42K | $203K | $185K | $40K | $36K | $8K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $186K | $348K | $379K | $149K | $45K | $12K | $0 | $0 | $96 | $10K | $16K | $28K | $45K | $143K |
| Other Income (Expense) | -$2.17M | -$146K | -$946K | -$718K | -$7.37M | $3.08M | -$2 | $0 | -$98 | $191K | $160K | -$29K | $573K | -$378K |
| Income Before Tax (EBT) | -$5.11M | -$3.15M | -$5.54M | -$4.25M | -$1.17M | -$232K | -$232K | -$128K | -$221K | $104K | $222K | $184K | $248K | -$2.17M |
| Income Tax Expense | -$232K | -$76K | -$42K | -$114K | $31K | $2.11M | $0 | $0 | $0 | $0 | -$80K | $0 | $0 | $0 |
| Net Income | -$4.35M | -$2.88M | -$5.44M | -$3.85M | -$1.17M | -$232K | -$232K | -$128K | -$221K | $104K | $364K | $184K | $248K | -$2.17M |
| Net Income Margin | -145.4% | -81.8% | -160.5% | -136.7% | -1482.4% | -293.1% | - | -1660.3% | -757.9% | 77.5% | 135.0% | 35.5% | 166.2% | -380.5% |
| Supplementary Data | ||||||||||||||
| EPS | -0.01 | -0.01 | -0.02 | -0.01 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | 0.17 | 2.42 | 0.85 | 1.57 | -15.35 |
| Diluted EPS | -0.01 | -0.01 | -0.02 | -0.01 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | 0.01 | 2.42 | 0.85 | 1.57 | -15.35 |
| Weighted Average OS | 416.59M | 400.94M | 394.40M | 373.11M | 351.40M | 209.07M | 211.38M | 196.00M | 193.86M | 847,659 | 211,158 | 302,683 | 221,354 | 198,079 |
| EBITDA | -$4.81M | -$2.39M | -$4.69M | -$2.97M | -$10.24M | -$1.14M | $0 | -$22K | $0 | $0 | $62K | $213K | -$218K | -$1.68M |
| EBITDA Margin | -161.0% | -67.8% | -138.5% | -105.6% | -12948.8% | -1440.3% | - | -283.5% | - | - | 23.0% | 41.1% | -146.1% | -295.4% |
Balance Sheet
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2018-03-31 | 2017-03-31 | 2016-03-31 | 2015-03-31 | 2014-03-31 | 2013-03-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $6.04M | $8.75M | $10.1M | $13.18M | $22.23M | $1.4M | $1.4M | $0 | $917 | $393 | $5K | $14K | $3K | $29K |
| Short-Term Investments | $415K | $0 | $0 | $32K | $1.14M | $1.07M | $0 | $0 | $13K | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $6.45M | $8.75M | $10.1M | $13.21M | $23.37M | $1.4M | $1.4M | $0 | $14K | $393 | $5K | $14K | $3K | $29K |
| Accounts Receivable | $341K | $288K | $741K | $630K | $271K | $133K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $322 |
| Inventory | $603K | $713K | $623K | $528K | $313K | $313K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $1.35M | $403K | $143K | $1.08M | $102K | $247K | $1.43M | $0 | $13K | $0 | $7K | $93K | $4K | $27K |
| Total Current Assets | $8.88M | $10.51M | $12.16M | $15.83M | $24.15M | $2.83M | $2.83M | $0 | $14K | $393 | $12K | $107K | $8K | $56K |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $1.08M | $4.05M | $4.04M | $3.84M | $194K | $194K | $0 | $0 | $9K | $9K | $9K | $9K | $9K | $9K |
| Goodwill | $0 | $0 | $199K | $937K | $673K | $673K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $16K | $39K | $242K | $858K | $858K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $427K | $555K | $729K | $617K | $486K | $71K | $0 | $0 | $0 | $0 | $7K | $0 | $20K | $297K |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $0 | $20K | -$486K | -$71K | $127K | $0 | $0 | $0 | -$7K | $0 | $0 | $0 |
| Total Long-Term Assets | $1.51M | $4.62M | $5M | $5.66M | $1.73M | $1.73M | $127K | $0 | $9K | $9K | $9K | $9K | $29K | $307K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | -$1.73M | -$127K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $10.39M | $15.13M | $17.17M | $21.49M | $25.87M | $2.83M | $2.83M | $0 | $23K | $10K | $21K | $116K | $37K | $363K |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $450K | $446K | $657K | $444K | $327K | $513K | $635K | $666K | $430K | $367K | $793K | $1.16M | $1.12M | $0 |
| Short-Term Debt | $807K | $1.27M | $924K | $829K | $37K | $30K | $62K | $743K | $718K | $664K | $831K | $962K | $1.27M | $1.56M |
| Current Income Tax Payable | $4K | $19K | $2K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $477K | -$327K | -$764K | -$635K | -$666K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $7K | $34K | $883K | $2.47M | $831K | $0 | $0 | $0 | $143K | $201K | $134K | $923K |
| Total Current Liabilities | $2.23M | $2.32M | $2.22M | $1.91M | $802K | $3.27M | $1.53M | $1.53M | $1.42M | $1K | $1.89M | $2.37M | $2.53M | $3.68M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $509K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | -$210K | -$795K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $210K | $0 | $361K | $215K | $215K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $293K | $134K | $688K | $215K | $375K | $375K | $375K | $375K | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $159K | $440K | $501K | $796K | $795K | $375K | $375K | $375K | $1.8M | $2K | $1.89M | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.42M | -$1.16M | -$1.89M | $0 | $0 | $0 |
| Total Liabilities | $2.39M | $2.76M | $2.72M | $2.71M | $1.6M | $3.64M | $1.9M | $1.9M | $1.8M | $1.53M | $1.89M | $2.37M | $2.53M | $3.68M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $31.25M | $30.9M | $30.25M | $29.79M | $22.26M | $2.86M | $2.86M | $2.86M | $2.86M | $2.86M | $2.7M | $2.69M | $2.64M | $2.62M |
| Retained Earnings | -$34.43M | -$30.08M | -$27.2M | -$21.76M | -$7.67M | -$6.5M | -$6.27M | -$6.27M | -$6.14M | -$5.89M | -$6M | -$6.36M | -$6.51M | -$7.31M |
| Comprehensive Income & Other | $73K | $37K | $7.74M | $32K | -$11K | -$11K | $1.5M | $223K | $223K | $223K | $150K | $150K | $113K | $113K |
| Other Stockholders' Equity | $11.71M | $11.56M | $11.25M | $10.56M | $9.69M | $2.82M | $1.5M | $1.5M | $1.5M | $1.5M | $1.42M | $1.42M | $1.37M | $1.37M |
| Total Equity | $8.53M | $12.37M | $14.31M | $18.58M | $24.28M | -$816K | -$1.9M | -$1.9M | -$1.77M | -$1.52M | -$1.87M | -$2.25M | -$2.49M | -$3.32M |
| Minority Interest | -$532K | -$2K | $137K | $199K | $485K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $10.92M | $15.13M | $17.03M | $21.29M | $25.87M | $2.83M | $0 | $0 | $23K | $10K | $21K | $116K | $37K | $363K |
| Supplementary Data | ||||||||||||||
| Total Debt | $1.01M | $1.56M | $1.22M | $1.26M | $618K | $62K | $743K | $743K | $718K | $664K | $831K | $962K | $1.27M | $1.56M |
| Net Debt | -$5.03M | -$7.19M | -$8.88M | -$11.92M | -$21.61M | -$1.34M | -$657K | $743K | $717K | $663K | $826K | $948K | $1.27M | $1.53M |
Cash Flow Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2018-03-31 | 2017-03-31 | 2016-03-31 | 2015-03-31 | 2014-03-31 | 2013-03-31 |
| Operating Activities | ||||||||||||||
| Net Income | -$4.88M | -$3.07M | -$5.5M | -$4.13M | -$1.17M | -$232K | -$128K | -$128K | -$221K | $104K | $222K | $149K | $805K | -$4.31M |
| Depreciation & Amortization | $255K | $554K | $664K | $449K | $373K | $26K | $232K | $106K | $209K | $87K | $0 | $0 | $107K | $107K |
| Deferred Income Tax | -$210K | -$83K | -$68K | -$69K | -$2.12M | -$1.16M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $410K | $411K | $1.01M | $402K | $2.28M | $1.13M | $0 | $0 | $0 | $9K | $3K | $13K | $23K | $110K |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | -$72K | $587K | -$4K | -$54K | -$24K | -$24K | -$15K | $0 | $0 | $0 | $58K | -$58K | $322 | $17K |
| Inventory | -$106K | -$90K | -$95K | -$119K | -$71K | -$71K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $401K | $132K | $278K | -$110K | $162K | $146K | $77K | $81K | $208K | $148K | -$4K | $0 | $0 | $0 |
| Other Working Capital | $125K | $393K | -$89K | -$200K | -$331K | $11K | $32K | $13K | -$13K | $7K | -$8K | -$21K | -$51K | $567K |
| Total Working Capital Change | $348K | $890K | $89K | -$482K | -$263K | $62K | $94K | $94K | $208K | $148K | $45K | -$79K | -$50K | $585K |
| Other Non-Cash Items | $2.35M | $242K | $1.5M | $709K | -$1.5M | $4K | -$223K | -$97K | -$209K | -$288K | -$227K | $143K | -$1.26M | $1.17M |
| Net Cash from Operating | -$1.73M | -$1.06M | -$2.3M | -$3.13M | -$2.39M | -$170K | -$26K | -$26K | -$13K | $59K | $94K | $226K | -$379K | -$2.34M |
| Investing Activities | ||||||||||||||
| Capital Expenditures | -$100K | -$379K | -$495K | -$1.47M | -$191K | -$191K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$32K |
| Acquisitions | $0 | $0 | $0 | -$754K | -$926K | -$926K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | -$143K | -$249K | -$249K | -$1.29M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $8K | $105K | $1.22M | $1.22M | $0 | $13K | $0 | $0 | $28K | $0 | $0 | $0 |
| Other Investing Activities | -$774K | $4K | $23K | -$71K | $115K | -$1.14M | -$1.29M | $0 | $0 | $0 | $0 | $19K | $219K | $768K |
| Net Cash from Investing | -$874K | -$375K | -$464K | -$2.26M | -$144K | -$1.29M | -$1.29M | $13K | $0 | $0 | $28K | $19K | $219K | $736K |
| Financing Activities | ||||||||||||||
| Debt Repaid | $84K | $97K | $157K | $117K | $63K | $13K | -$61K | - | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $36K | $17.87M | $17.87M | $2.8M | $0 | $0 | $156K | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | -$63K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $73K | $36K | $181K | -$15M | $0 | $25K | $55K | -$71K | -$131K | -$235K | $133K | $1.37M |
| Net Cash from Financing | -$546K | $317K | -$148K | -$81K | $23.37M | $2.86M | $25K | $25K | $26K | -$71K | -$131K | -$235K | $133K | $1.37M |
| Forex Effect | $34K | $21K | -$21K | $49K | -$60K | $19.43M | $1.29M | -$13K | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$3.11M | -$1.09M | -$2.93M | -$5.42M | $20.83M | $20.83M | $1.4M | -$917 | $524 | -$5K | -$9K | $11K | -$27K | -$229K |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | -$1.73M | -$1.06M | -$2.3M | -$3.13M | -$2.39M | -$170K | -$26K | -$26K | -$13K | $59K | $94K | $226K | -$379K | -$2.34M |
| Capital Expenditure | -$100K | -$379K | -$495K | -$1.47M | -$191K | -$191K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$32K |
| Free Cash Flow | -$1.83M | -$1.44M | -$2.8M | -$4.6M | -$2.59M | -$361K | -$26K | -$26K | -$13K | $59K | $94K | $226K | -$379K | -$2.37M |
| Cash at Beginning | $9.15M | $10.25M | $13.18M | $18.6M | $1.4M | $1.4M | $917 | $917 | $393 | $5K | $14K | $3K | $29K | $258K |
| Cash at End | $6.04M | $9.15M | $10.25M | $13.18M | $22.23M | $1.4M | $1.4M | $0 | $917 | $393 | $5K | $14K | $3K | $29K |