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Luff Enterprises ( (TSE:HERB) ) just unveiled an announcement.
Herbal Dispatch Inc. has announced an update to its equity private placement, initially set to raise up to $1,000,000 through the issuance of 20,000,000 units. Due to strong interest, the company now anticipates the placement will be oversubscribed, potentially raising up to $2,000,000 with the issuance of 40,000,000 units. The additional funds will be used for working capital, including inventory purchases to support export sales growth, supplier payments, and loan repayments. This development reflects strong market confidence in Herbal Dispatch’s operations and its strategic focus on expanding its market presence.
More about Luff Enterprises
Herbal Dispatch Inc. operates leading cannabis e-commerce platforms, providing top-quality cannabis to informed consumers at affordable prices. Its flagship marketplace, herbaldispatch.com, offers exclusive access to small-batch craft cannabis and a wide array of other product formats. The company’s shares are traded on the Canadian Securities Exchange under the symbol ‘HERB’.
Average Trading Volume: 58,166
Technical Sentiment Signal: Hold
Current Market Cap: C$6.95M
For an in-depth examination of HERB stock, go to TipRanks’ Overview page.