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Luff Enterprises ( (TSE:HERB) ) has issued an update.
Herbal Dispatch Inc. reported its third consecutive year of double-digit annual sales growth in 2025, with preliminary gross sales rising 38% year over year to $16.5 million and fourth-quarter sales more than doubling to $6.2 million, helped by expansion efforts and disruptions from a BC General Employees’ Union strike. The company launched new in-house brands spanning flower, pre-rolls and vapes, and completed an oversubscribed $2 million private placement that strengthened its balance sheet and funded growth initiatives. Looking to 2026, Herbal Dispatch aims to deepen its presence in the Canadian market and abroad by targeting 30% annual growth in veteran medical cannabis sales, pursuing 40% growth in recreational sales through broader provincial listings and e-commerce upgrades, and aggressively scaling B2B exports to federally legal markets worldwide, moves that signal a bid for greater market share and long-term revenue diversification.
More about Luff Enterprises
Herbal Dispatch Inc. is a Canadian operator of cannabis e-commerce platforms, supplying medical and recreational cannabis products at competitive prices. Its flagship online marketplace focuses on small-batch craft cannabis and a curated product assortment, and the company is extending its reach through exports to federally legal international markets. Herbal Dispatch’s shares trade on the Canadian Securities Exchange under the symbol HERB.
Average Trading Volume: 129,178
Technical Sentiment Signal: Hold
Current Market Cap: C$9.87M
See more data about HERB stock on TipRanks’ Stock Analysis page.