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Luff Enterprises ( (TSE:HERB) ) has shared an announcement.
Herbal Dispatch Inc. has announced an update on its equity private placement, aiming to raise up to $1,000,000 through the sale of 20,000,000 units at $0.05 per unit. The proceeds will be used to support working capital needs, including inventory purchases for export sales growth and necessary supplier and loan payments. Despite export delays affecting the first half of 2025, the company anticipates strong customer demand for new export opportunities, potentially improving financial performance in the latter half of the year.
More about Luff Enterprises
Herbal Dispatch Inc. operates leading cannabis e-commerce platforms, focusing on providing high-quality cannabis products to informed consumers at affordable prices. The company’s flagship marketplace, herbaldispatch.com, offers exclusive access to small-batch craft cannabis and a variety of other product formats. Herbal Dispatch’s common shares are traded on the Canadian Securities Exchange under the symbol ‘HERB’.
Average Trading Volume: 46,657
Technical Sentiment Signal: Hold
Current Market Cap: C$4.91M
For a thorough assessment of HERB stock, go to TipRanks’ Stock Analysis page.