TRUFF - Canadian Biotech Duo Hits Psilocybin Extraction Milestone For API Development At Scale | Benzinga
Red Light Holland Corp. (OTCQB:TRUFF) (CSE:TRIP) (FSE: 4YX) announced the successful completion of the first phase of psilocybin extraction in collaboration with PharmAla Biotech Holdings Inc. (OTCQB:MDXXF) (CSE:MDMA). On Tuesday, the company announced the achievement of a rough powdered extract of psilocybin at Chiral Labs, a laboratory jointly operated by the Canadian biotech duo.
Psilocybin Truffles Successfully Processed In Canada
Following the Health Canada-approved import of natural psilocybin truffles from the Netherlands, the truffles underwent dehydration and initial testing at CCrest Laboratories Inc. in Montreal. Subsequently, they were processed at PharmAla’s facilities, reaching this critical milestone. The next step involves optimization and validation to refine the psilocybin extraction procedure.
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