The latest announcement is out from Luff Enterprises ( (TSE:HERB) ).
Herbal Dispatch Inc. reported a significant increase in financial performance for the year 2024, with gross sales reaching $12.0 million, a 110% rise from the previous year. This growth was driven by strong domestic and international cannabis sales, with export revenue particularly increasing by 172%. The company is expanding its market presence, with new sales channels in the Czech Republic and anticipated orders from Germany and Costa Rica. Herbal Dispatch expects continued growth in 2025, with projected first-quarter gross sales of $3.2 million, indicating a strong start to the year.
More about Luff Enterprises
Herbal Dispatch Inc. operates leading cannabis e-commerce platforms, focusing on providing high-quality cannabis to informed consumers at affordable prices. Their flagship marketplace, herbaldispatch.com, offers exclusive access to small-batch craft cannabis and a variety of other product formats. The company’s shares are traded on the Canadian Securities Exchange under the symbol ‘HERB’.
Average Trading Volume: 28,664
Technical Sentiment Signal: Buy
Current Market Cap: C$4.91M
Find detailed analytics on HERB stock on TipRanks’ Stock Analysis page.