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Third Consecutive Year of Double Digit Growth - Herbal Dispatch Recaps Key Milestones for 2025
TMX Newsfile· 2026-01-13 08:01
Core Insights - Herbal Dispatch Inc. achieved significant milestones in 2025, including notable sales growth and the introduction of new products, positioning the company well for 2026 [2][5] Financial Performance - Preliminary gross sales for Q4 2025 reached $6.2 million, a 214% increase from $2.9 million in Q4 2024 [7] - Preliminary gross sales for fiscal 2025 totaled $16.5 million, reflecting a 38% increase from $12.0 million in 2024 [7] - The company expects Q4 2025 gross margins to be similar to those reported in recent quarters [4] Strategic Initiatives - The company completed an oversubscribed $2 million private placement in October 2025 to fund growth initiatives [7] - Key strategic priorities for 2026 include enhancing medical cannabis sales to veterans, expanding recreational sales, and growing B2B exports [6][8] Market Expansion - The company aims for 30% year-over-year growth in veteran customer acquisition and to maintain a retention rate above 89% [8] - Herbal Dispatch targets 40% year-over-year growth in recreational sales, with plans to expand SKU counts in British Columbia from 44 to over 100 [8] - The company plans to triple export volumes by 2028, focusing on existing markets and entering new ones [8]