Herbal Dispatch Completes $600,000 Debt Financing

March 25, 2025 – TheNewswire – Vancouver, B.C. – Herbal Dispatch Inc. (CSE: HERB) (“Herbal Dispatch” or the “Company”) announces that it has completed a debt financing for gross proceeds of $600,000 to support the Company’s growth initiatives (the “Debt Financing”).  

The Debt Financing carries a two-year term, incurs interest at a rate of 18.0% per annum and is repayable in equal monthly instalments of $29,955. In conjunction with the loan agreement, the Lenders were also issued 3,000,000 warrants, each entitling the holder to acquire one common share of the Company at an exercise price of $0.0650 per share. The warrants will expire on March 19, 2029. Additionally, a closing fee of $12,000 was incurred in connection with the transaction.

The proceeds from the Debt Financing will be allocated to working capital to support the Company’s growth initiatives, including expanding export sales to both existing and new international markets. This funding will also assist Herbal Dispatch in preparing for its initial export to the German cannabis market, expected in the coming months.

Philip Campbell, the Company’s President & CEO, represents one of the Lenders, and via a wholly owned company, provided $100,000 of the Debt Financing gross proceeds and will receive 500,100 of the warrants issued in conjunction with the Debt Financing.

The warrants to be issued will be subject to the policies and review of the Canadian Securities Exchange (“CSE”) and the Warrants to be issued to Philip Campbell may be further subject to minority shareholder approval pursuant to MI 61-101 “Protection of Minority Security Holders in Special Transactions” of the British Columbia Securities Commission due his status as a “related party” to the Company.

The warrants issued pursuant to the Debt Financing will be subject to a four month hold period in accordance with applicable Canadian securities laws.

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: [email protected]

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 beyond, which includes achieving revenue growth from export sales and an initial export into the German cannabis market. 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. There is also no certainty that the Company will achieve an initial export into the German cannabis market.

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.

Copyright (c) 2025 TheNewswire – All rights reserved.