August 28, 2025 – TheNewswire - Vancouver, B.C. – Herbal Dispatch Inc. (CSE: HERB) (“Herbal Dispatch” or the “Company”) today provided an update on its proposed equity private placement. As previously announced, the Company is currently in the process of completing a non-brokered private placement ("Private Placement") of up to 20,000,000 units of the Company (the “Units”) at a price of $0.05 per Unit for gross proceeds of up to $1,000,000. Each Unit shall consist of one common share and one-half common share purchase warrant (each full common share purchase warrant a “Warrant”) with each Warrant exercisable for one common share at a price of $0.08 per share for a period of 24 months after the closing date.

 

The Company has revised the estimated closing date and currently anticipates this Private Placement will close on or about September 19, 2025.

 

Proceeds from the Private Placement will be used for working capital to support the Company’s working capital needs, including the purchase of inventory to support export sales growth as well as make necessary supplier payments and principal loan payments coming due over the coming months. While export delays have negatively impacted results in the first half of 2025, looking ahead, customer demand for new export opportunities remains very strong. If realized, these opportunities could support a much stronger financial performance in the second half of the year.

 

Q2 2025 INTERIM CONSOLIDATED FINANCIAL STATEMENTS

 

The Company also announced that it has filed its condensed interim consolidated financial statements and associated management's discussion & analysis for the three and six months ended June 30, 2025. These filings can be viewed under the Company's profile on SEDAR+ at www.sedarplus.ca and will also be available on the Company's website at  www.herbaldispatch.com.

 

ABOUT HERBAL DISPATCH INC.

The Company owns and operates leading cannabis e-commerce platforms and is dedicated to providing top quality cannabis to informed consumers at affordable pricing. The Company’s flagship cannabis marketplace, herbaldispatch.com, is a trusted source for exclusive access to small-batch craft cannabis flower and a wide-array of other product formats. The Company’s common shares trade on the Canadian Securities Exchange under the symbol “HERB”

 

For further information:

Philip Campbell, CEO and Director

Email: IR@herbaldispatch.com

Telephone: 1-833-432-2420

   

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION:

Certain statements in this news release, including statements or information containing terminology such as “anticipate”, “believe”, “intend”, “expect”, “estimate”, “may”, “could”, “will”, and similar expressions constitute “forward-looking statements” within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, that address activities, events, or developments that the Company or a third party expect or anticipate will or may occur in the future, including the Company’s future growth, results of operations, performance, and business prospects and opportunities are forward-looking statements.

 

These forward-looking statements reflect the Company’s current beliefs and are based on information currently available to the Company. These statements require the Company to make assumptions it believes are reasonable and are subject to inherent risks and uncertainties.

 

Actual results and developments may differ materially from the anticipated results and developments discussed in the forward-looking statements as certain of these risks and uncertainties are beyond the Company’s control. These risk factors are interdependent and the impact of any one risk or uncertainty on a particular forward-looking statement is not determinable. Examples of forward-looking statements in this news release and the key assumptions and risk factors involved in such statements include, but are not limited to, executing the Company’s strategic growth initiatives for 2025, including growing sales both domestically and via export and achieving positive adjusted EBITDA in future fiscal quarters. The successful execution of these initiatives is subject to a number of risks and uncertainties, including industry competition, and future customer demand for the Company’s products, among others.

 

Consequently, all of the forward-looking statements made in this news release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected effects on the Company. These forward-looking statements are made as of the date of this news release. Except as required by applicable securities legislation, the Company assumes no obligation to update publicly or revise any forward-looking statements to reflect subsequent information, events, or circumstances.

 

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