Herbal Dispatch Announces Vesting of RSUs and Satisfaction of Certain Outstanding Fees

Executive Summary

• Herbal Dispatch Inc. issued 920,000 common shares following the first vesting period of 2,760,000 Restricted Share Units (RSUs) granted to officers, directors, employees, and consultants.
• The Company issued an additional 1,430,705 common shares to satisfy outstanding debt obligations, with each share having a deemed issuance price of CAD$0.05.
• The securities issued for debt satisfaction are subject to a statutory hold period of four months and one day from the date of issuance.

Key Details

• RSU Vesting: 920,000 common shares issued on July 1, 2026, representing the first of three equal installments for 2,760,000 RSUs granted on January 2, 2026.
• RSU Vesting Schedule: The remaining RSUs are scheduled to vest on January 1, 2027, and July 1, 2027.
• Debt Conversion: 1,430,705 common shares issued to satisfy outstanding debt obligations.
• Debt Conversion Price: Deemed issuance price of CAD$0.05 per share.
• Hold Period: Securities issued for debt satisfaction are subject to a statutory hold period of four months and one day from the date of issuance pursuant to Canadian securities laws.
• Plan Reference: Grants made pursuant to the Company's amended and restated stock option plan and restricted share unit plan effective October 16, 2020.