Herbal Dispatch expects to close financing Sept. 19

Executive Summary

• Herbal Dispatch Inc. provided an update on its non-brokered private placement, revising the anticipated closing date to on or about September 19, 2025.
• The company filed its condensed interim consolidated financial statements and management’s discussion and analysis (MD&A) for the three and six months ended June 30, 2025.
• Management highlighted strong customer demand for new export opportunities, noting that while export delays negatively impacted H1 2025 results, these opportunities could support stronger financial performance in H2 2025.

Key Details

• Private Placement Structure:
  • Type: Non-brokered private placement.
  • Size: Up to 20 million units.
  • Price: $0.05 per unit.
  • Gross Proceeds: Up to $1,000,000.
  • Composition: Each unit consists of one common share and one-half common share purchase warrant.
  • Warrant Terms: Each warrant is exercisable for one common share at an exercise price of $0.08 per share.
  • Warrant Expiry: 24 months after the closing date.
• Closing Timeline: The estimated closing date has been revised; the company now anticipates closing on or about September 19, 2025.
• Use of Proceeds: Funds will be used for working capital needs, specifically:
  • Purchase of inventory to support export sales growth.
  • Necessary supplier payments.
  • Principal loan payments coming due in the coming months.
• Financial Filings:
  • Filed condensed interim consolidated financial statements and MD&A.
  • Period covered: Three and six months ended June 30, 2025.
  • Available on SEDAR+ and the company website.
• Operational Update:
  • Export delays negatively impacted results in the first half of 2025.
  • Customer demand for new export opportunities remains very strong.
  • Realization of these opportunities is expected to support much stronger financial performance in the second half of the year.

Notable Quotes

• "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."