Herbal Dispatch doubles financing to $2-million

Executive Summary

• Herbal Dispatch Inc. is updating its previously announced non-brokered private placement, increasing the potential size of the offering from up to 20 million units to up to 40 million units due to strong investor interest.
• The company has obtained approval from the Canadian Securities Exchange for the oversubscription and secured price protection for the transaction.
• The private placement is expected to close on or about September 19, 2025, with proceeds designated for working capital, inventory for export sales, supplier payments, and loan repayments.

Key Details

• Transaction Structure: Non-brokered private placement of units.
• Pricing: $0.05 per unit.
• Original Offering Size: Up to 20 million units for gross proceeds of up to $1,000,000.
• Updated Offering Size: Anticipated oversubscription may result in the issuance of up to 40 million units for gross proceeds of up to $2,000,000.
• Regulatory Status: Oversubscription approved by the Canadian Securities Exchange; price protection obtained.
• Closing Date: On or about September 19, 2025.
• Lock-up Period: All securities issued are subject to a four-month hold period in accordance with Canadian securities laws.
• Use of Proceeds: Working capital purposes, specifically:
  • Purchase of inventory to support export sales growth.
  • Supplier payments.
  • Principal loan payments coming due over the coming months.