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Production / Operations

Third Consecutive Year of Double Digit Growth - Herbal Dispatch Recaps Key Milestones for 2025

By The Northwire Desk — AI Analysis Jan 13, 2026 · 03:02 HERB · 0.08 Herbal Dispatch Inc.
HERB · Price

Executive Summary

  • Herbal Dispatch reported double‑digit annual sales growth for the third consecutive year, with FY 2025 gross sales of $16.5 M (+38% YoY).
  • Q4 2025 preliminary gross sales jumped to $6.2 M, a 214% increase over Q4 2024.
  • The company completed an oversubscribed $2 M private placement in October 2025 to fund its 2026 growth initiatives.

Key Details

  • FY 2025 Gross Sales: $16.5 million (up 38% from $12.0 million in FY 2024).
  • Q4 2025 Preliminary Gross Sales: $6.2 million, a 214% increase versus Q4 2024 ($2.9 million).
  • Sales Growth Trend: Three consecutive years of double‑digit annual sales growth.
  • Private Placement: Completed an oversubscribed private placement raising $2 million in October 2025; proceeds earmarked for growth initiatives.
  • New Product Launches: Introduced several in‑house brands (flower, pre‑rolls, vape) to the Canadian market during 2025.
  • Strategic Priorities for 2026:
  • Expand medical cannabis sales to veterans – target 30% YoY growth in veteran customer acquisition, retention > 89%.
  • Grow recreational sales – aim for 40% YoY increase, expand SKU count in BC from 44 to >100, achieve 15% market share in BC.
  • Accelerate B2B exports – goal to triple export volumes by 2028, add 2‑3 new international markets annually, pursue 100% YoY export revenue growth.

Notable Quotes

  • “2025 marked a pivotal year for Herbal Dispatch as we continued to accelerate our growth and solidify our market presence in Canada and overseas,” said Philip Campbell, CEO.
  • “With strong sales momentum and a clear strategic roadmap ahead, we are well‑positioned for sustained growth and new opportunities.” – Philip Campbell, CEO.
Read the original news release →

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