Added to YB: 2024-12-26
Pitch date: 2024-12-22
TRIP.CN [neutral]
Red Light Holland Corp.
-37.5%
current return
Author Info
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Company Info
Red Light Holland Corp. engages in the production, growth, and sale of functional mushrooms and mushroom home grow kits to the recreational market in North America and Europe.
Market Cap
CAD 16.0M
Pitch Price
CAD 0.04
Price Target
N/A
Dividend
N/A
EV/EBITDA
-1.11
P/E
-2.38
EV/Sales
0.93
Sector
Tobacco
Category
turnaround
Red Light Holland ($TRIP.C) FINS Review
TRIP.CN (1.5/5 stars but potential turnaround): Weak financials despite 33% YoY revenue growth. Cash down from $31M to $12.8M. 39% margin erosion YTD. CEO comp criticized. 20% SBC plan. 7% insider ownership. Potential 100:1 reverse split. Balance sheet & cash runway provide turnaround opportunity. Overall poor performance & management alignment.
Read full article (5 min)