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September 3, 2025 – TheNewswire - Vancouver, B.C. – Herbal Dispatch Inc. ( CSE: HERB ) (“ Herbal Dispatch ” or the “ Company ”) is pleased to provide this update to its news releases filed on July 29, 2025, and August 28, 2025, respectively, whereby the Company announced its intention to complete 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.
Due to strong interest in the Private Placement, the Company anticipates that the Private Placement will be oversubscribed, which may result in the issuance of up to 40,000,000 Units for gross proceeds of up to $2,000,000 (the “ Over Subscription ”). The Over Subscription has been approved by the Canadian Securities Exchange, and the Company has obtained price protection for the Private Placement. All securities issued pursuant to the Private Placement will be subject to a four month hold period in accordance with applicable Canadian securities laws. The closing of the Private Placement is still expected to occur on or about September 19, 2025.
The proceeds from the Private Placement and the Over Subscription will be used for working capital purposes, including the purchase of inventory to support export sales growth, supplier payments, and principal loan payments coming due over the coming months .
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 and achieving revenue growth from export sales. 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.
THE CANADIAN SECURITIES EXCHANGE (THE " CSE ") HAS NEITHER APPROVED NOR DISAPPROVED THE CONTENTS OF THIS NEWS RELEASE. NEITHER THE CSE OR ITS MARKET REGULATOR (AS THAT TERM IS DEFINED IN THE POLICIES OF THE CSE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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