Not looking great. Wonder why it seems to be plummeting. Any ideas?

Vancouver, British Columbia--(Newsfile Corp. - April 24, 2026) - Herbal Dispatch Inc. (CSE: HERB) (OTCQB: LUFFF) (FSE: HA9) ("Herbal Dispatch" or the "Company"), announces its financial results for the fourth quarter and year ended December 31, 2025.

Q4 2025 HIGHLIGHTS

Gross sales of $6.2 million, representing a 115% increase compared to $2.9 million in Q4 2024

Net revenue of $4.1 million (excluding excise taxes), up from $2.3 million in Q4 2024

Adjusted EBITDA of $0.1 million, compared to $(0.6) million in Q4 2024

Adjusted EBITDA of $0.2 million excluding non-recurring costs related to investor relations and financing

FY 2025 HIGHLIGHTS

Gross sales of $16.5 million, representing a 37% increase compared to $12.1 million in 2024

Net revenue of $12.1 million (excluding excise taxes), up from $9.9 million in 2024

Adjusted EBITDA of $(0.7) million, improved from $(1.0) million in 2024

Gross margin improved to approximately 22.7% in 2025, compared to 20.1% in 2024, reflecting enhanced cost of goods efficiency, improved product mix, and increasing scale across the Company's platform and the Company expects continued improvement into 2026 as scale and operating leverage continues to increase.

STRATEGIC MOMENTUM

Completed an oversubscribed non-brokered private placement, raising $2.1 million in October 2025

Commenced trading on the OTCQB® Venture Market under the ticker LUFFF subsequent to year end

FINANCIAL PERFORMANCE

For the three months ended December 31, 2025, gross sales increased by 115% to $6.2 million compared to $2.9 million in Q4 2024. Net revenue, excluding excise taxes, increased to $4.1 million compared to $2.3 million in the prior year quarter. The increase was driven by higher sales volumes across both medical and recreational channels and continued growth within the Company's e-commerce platform.

As of this period, the Company's path to profitability is increasingly driven by expanding gross margins, with gross profit growing to $2.75 million in 2025 from $2.0 million in 2024, reflecting improved cost of goods sold efficiency and increasing operating leverage across the platform.

Gross profit improved in Q4 2025 as a result of increased scale and improving operating efficiencies. Cost of goods sold as a percentage of sales declined year-over-year, reflecting enhanced purchasing power, optimized product mix, and improved supply chain execution. This expansion in gross margin is a key driver of the Company's path to sustained profitability and operating leverage.

Adjusted EBITDA improved significantly in Q4 2025 to positive $0.1 million, compared to negative $0.6 million in Q4 2024, driven primarily by increased scale and improved gross margins. Excluding certain non-recurring investor relations costs and professional fees related to the October 2025 private placement, adjusted EBITDA for Q4 2025 would have been positive $0.2 million.

For the full year ended December 31, 2025, adjusted EBITDA improved by 30% to negative $0.7 million compared to negative $1.0 million in 2024, reflecting continued progress toward profitability.

MANAGEMENT COMMENTARY

"The fourth quarter of 2025 marked a major step forward for Herbal Dispatch, as we delivered record quarterly gross sales and achieved positive adjusted EBITDA," said Philip Campbell, President & CEO of Herbal Dispatch. "We have now achieved double-digit growth for the third consecutive year, reflecting the strength of our platform, our customer relationships, and our ability to expand across both Canadian and international markets."

"Looking ahead to 2026, our focus remains on scaling profitably, expanding our recreational footprint, growing medical sales-particularly among veterans-and accelerating export growth into federally legal international markets. With strong sales momentum and the added visibility of our OTCQB listing, we believe we are well-positioned to create long-term value for shareholders."

CONSOLIDATED FINANCIAL STATEMENTS

The Company's consolidated financial statements and management's discussion & analysis for the year ended December 31, 2025 are available on the Company's profile on SEDAR+ at www.sedarplus.ca and will also be posted on the Company's website at www.herbaldispatch.com.

ABOUT HERBAL DISPATCH INC.

Herbal Dispatch Inc. is a leading operator of cannabis e-commerce platforms in Canada, delivering quality medical and recreational products to discerning consumers at competitive prices. Its flagship marketplace has earned trust as a premier destination for exclusive access to small-batch craft cannabis and a wide selection of curated cannabis products. The Company is also actively expanding through exports to international markets, positioning it for sustained growth and new revenue opportunities. The Company's common shares trade on the Canadian Securities Exchange under the symbol "HERB".

For further information: Philip Campbell, CEO and Director Email: IR@herbaldispatch.com Telephone: 1-833-432-2420

NON-IFRS MEASURES

Adjusted EBITDA is defined as earnings before interest, income taxes, depreciation, amortization, share based compensation, loss (gain) on disposal of assets, loss (gain) on investments, loss (gain) on extinguishment of debt, impairment losses, loss (gain) on foreign exchange and accretion expense. The Company believes that, in addition to net income (loss), adjusted EBITDA is a useful measure as it provides an indication of the financial results generated by its principal business activities prior to consideration of how these activities are financed or how the results are taxed in various jurisdictions and before certain non-cash items such as depreciation, amortization, and other items. Adjusted EBITDA does not have any standardized meaning as prescribed by IFRS and therefore, is considered a non-IFRS measure and may not be comparable to similar measures presented by other issuers.

A reconciliation of net loss to adjusted EBITDA for each of the periods presented in this news release follows:

https://api.newsfilecorp.com/redirect/vEYvOIoRm1

$HERB.CN / OTC: $LUFFF

Forget the past price - look at the present setup. Technical breakout + deep value + dense 2026 catalyst stack. Use a stop loss below recent lows.

THE TECHNICAL SETUP 

IDK is up approximately 100% year-to-date.

More importantly: this is the first time in years that IDK has crossed and held above its 200-day moving average.

The last time this exact technical structure set up - stock crossing and holding the 200MA - it ran approximately 300% before pulling back.

Why does this matter?

In micro-cap and thinly traded stocks, the 200-day MA cross is the signal that forces algorithmic screeners, technical traders and momentum funds to look at a name for the first time. The fundamentals already existed. The technical breakout is what brings new eyeballs to a tight float. When that happens, price response is disproportionate.

Trade management: Use a stop loss below recent lows. Let the setup play out or cut it cleanly.

Right now you have four things converging simultaneously - which in micro-cap land is rare:

✅ Deep discount to NAV (~67–70%) - the value floor
✅ Dense 2026 catalyst stack - the fundamental trigger
✅ First 200-day MA crossover in years - the technical ignition
✅ Tight float - the amplifier

WHAT IS THREED CAPITAL?

ThreeD Capital Inc. (CSE: IDK, OTCQX: IDKFF) is a publicly listed Canadian permanent capital vehicle - think of it as an actively managed VC "ETF" you can buy in any brokerage account.

Instead of LPs, lockups and 2/20 fees, it's a single ticker giving you exposure to a 51-company portfolio:

• 37 disruptive technology holdings (AI infrastructure, quantum computing, brain-computer interfaces, blockchain payments, smart-city software)
• 14 junior resource holdings (primarily gold exploration and development)

Currently priced as if the underlying portfolio is worth almost nothing.

THE CORE ANOMALY: BUYING $0.27 OF ASSETS FOR ~$0.08

• Reported NAV: $0.27 per share (as of December 31, 2025)
• Current market price: approximately $0.08–$0.115 CAD
• That is a 67–70% discount to NAV — you get close to 3× NAV coverage on every share you buy

The balance sheet backing this is auditable: total assets of ~$25.9M CAD consisting of cash, investments and digital assets.

And NAV is arguably conservative:

• Many private holdings are carried at cost or last financing round - not at any optimistic forward multiple
• The large TDN royalty position (279,413,283 TDN royalties, each fixed at $1 USD by TODAQ Holdings) is not included in reported NAV at all

WHO IS RUNNING THIS

The founder, Chairman and CEO is Sheldon Inwentash - CPA, honorary Doctor of Laws from the University of Toronto.

Track record:

• Built Pinetree Capital from $0.10 to $26.00 per share - a 26,000% return at peak — managing a 393-company portfolio with aggregate market cap exceeding $1 billion
• Three exits above $550M each: Queenston Mining (~$550M), Aurelian Resources (~$1.2B to Kinross Gold), Gold Eagle Mines (~$1.5B to Goldcorp)
• Co-founded NexGen Energy (now multi-billion dollar uranium company)
• Co-founded New Found Gold - one of Canada's most significant gold discoveries of the last decade

He is not a passive allocator. He takes active board-level roles, helps recruit management, introduces strategic partners and leads follow-on rounds.

ThreeD Capital is the distilled version of a playbook that has already generated multiple billion-dollar outcomes.

THE PORTFOLIO: WHAT YOU ACTUALLY OWN

Tech Holdings (the six at inflection points):

🧠 AIML Innovations (CSE: AIML) - AI-powered ECG platform targeting 300M ECGs/year globally. SickKids pilot running, AWS proof-of-concept complete, US sales launch initiated February 2026. Upcoming: Health Canada + FDA clearance enabling paid roll-outs across hospitals and OEMs. This platform is trained to predict cardiac events before they happen.

💸 TODAQ / TAPP (private) - Internet-native payment rails for AI agents and digital content. ~90% cheaper than credit card networks. Oracle Cloud rollout of 10,000 video titles on TAPP rails scheduled Q2 2026. The 279M TDN royalty position at $1 USD each sits entirely outside reported NAV.

🤖 HyperCycle (private) - AI infrastructure with a $1.1B Seoul AI Hub JV anchoring its ecosystem. MOSAIC local AI OS launching — marketed as a system that builds a "synthetic brain" from a user's own data. ThreeD is a founding investor.

⚛️ Dynex (private) - Room-temperature quantum computing. Apollo chip reportedly outperforms D-Wave at ~100× speed with ~90% cost reduction. QaaS (Quantum-as-a-Service) model for recurring revenue. Apollo-10000 moving from reference chip to commercial production in 2026. D-Wave has had a multi-billion dollar market cap — Dynex is accessible only through IDK, inside a sub-$10M CAP vehicle.

🎧 Neurable (private) - Brain-computer interface OS. Validated by US Air Force, US Army and Mayo Clinic. ~$150K MRR, $15M DoD pipeline. Commercial partnerships: HP HyperX, Master & Dynamic, Renpho and Audeze. Revenue trajectory: ~$2M (2024) → $132M (2027E) if deals close.

🏙️ InfinitiiAI (CSE: IAI) - Smart-city / water-infrastructure SaaS. $2.69M CAD revenue FY2025, 96% renewal rate, ten consecutive quarters of growth, 80+ clients including Los Angeles, Toronto and Seattle.

Resource Holdings:

⛏️ Forte Minerals (CSE: CUAU) - 16.31× value creation since 2022 IPO. 19,000 hectares across five properties in Peru. Flagship Alto Ruri: historical 131m @ 2.55 g/t Au, ~15km from Barrick's Pierina Mine. Active drill program underway.

🥇 Sun Valley Minerals (private) - Gold-silver in Uruguay. Initial trenching: 49.4m @ 2.05 g/t Au. 5,000m drill program in progress.

2026: DENSE CATALYST YEAR

Multiple portfolio companies hitting concrete milestones in the same calendar year:

• TODAQ: Oracle Cloud rollout of 10,000 live video titles on TAPP rails - Q2 2026
• Dynex: Apollo-10000 commercial production
• Neurable: 3+ commercialisation deals expected to close, supporting the $2M → $132M revenue ramp
• AIML: Health Canada + FDA clearance progression and US sales network build-out
• HyperCycle: MOSAIC local AI OS launch
• Forte Minerals: Alto Ruri drill results

Any single one of these events could lift NAV. When NAV growth combines with discount compression - those two forces are multiplicative on equity returns.

INSIDER BEHAVIOUR + TIGHT FLOAT

• Management has been buying shares in the open market at the same ~$0.08 price available to retail. Insiders have full knowledge of the pipeline, board discussions, and near-term catalysts - and they are choosing to increase exposure at these levels.
• Tight float: A material portion of shares is held by insiders and long-term holders. When new buying pressure arrives, there are fewer "escape valves." Micro-cap history shows this leads to outsized price moves.
• Transparency initiative: ThreeD launched a YouTube channel in early 2026 with direct CEO interviews for AIML, Neurable, HyperCycle, TODAQ and others - directly attacking the "black box discount" that keeps most closed-end funds permanently cheap.

WHY DOES THE DISCOUNT EXIST?

• Sub-$10M CAD market cap - screens out most institutions
• 51-company portfolio with several private, technical names - complexity = neglect
• CSE + OTCQX listing = outside mainstream US/TSX radar
• Closed-end fund stigma - generic skepticism that may be over-applied here

None of these are fundamental problems. They are structural inefficiencies that patient investors can exploit before catalysts close the gap.

RISKS - BE HONEST

• Illiquid stock - slippage can be high in both directions
• Private valuation risk - a portion of NAV is in illiquid private co's
• 2026 catalyst execution risk - delays in regulatory approvals, technical milestones or drill results would hurt sentiment
• Manager concentration - this is a "back the jockey" bet
• Macro / sector cycles - quantum, AI and junior mining are all sentiment-driven

Size accordingly. Use a stop loss below recent lows. This is speculative micro-cap territory.

TLDR

ThreeD Capital (IDK / IDKFF): up ~100% YTD, just crossed its 200-day MA for the first time in years (last time this happened: +300%), trading at ~0.3× its own NAV — run by the manager who built a 26,000% return at Pinetree - with a portfolio that includes an AI platform that predicts heart attacks, potentially the fastest quantum computer in the world, military-validated brain-computer interfaces, and AI payment rails 90% cheaper than VISA - all hitting commercial milestones simultaneously in 2026.

Stop loss below recent lows. Micro-cap, illiquid, speculative. The asymmetry is real. DYOR.

Compiled from ThreeD Capital's March 2026 research materials, public filings & YouTube channel. Not financial advice.

At this level of buy back if gold and silver stay anywhere near these levels. The equities have to go!!!

In 2001 Hammond's transformer division spun off into Hammond Power Solutions Inc. $HPS.A.TO, up 190% in the last year sitting at 296 CAD today, market cap of 2.7B.

Hammond Manufacturing is sitting at about 17CAD, running up 85% in the last year. Market cap is only 145 million with Q1 showing 75million sales, 5.8mil net income. EPS went from 0.42 -> 0.47 YoY within the tariff environment.

They're opening an 85,000sqft expansion to their facility in Guelph. With this major shift in electrification their big transformer/grid work is going to benefit HPS, but maybe HMM is going to run alongside as more low voltage electrical upgrades are done to compliment this?

Anyone have thoughts? Anyone holding Hammond Power Solutions? It looks pricey as hell rn but with good sense? Their website looks like it hasn't been edited in the last 20 years which is kind of a vibe I can get behind. https://www.hammfg.com/

Herbal Dispatch announced today that it is accelerating its U.S. market plans in response to the U.S. HHS recommendation to move cannabis from Schedule I to Schedule III. This potential reclassification, if finalized by the DEA, would remove the Section 280E tax burden, improve access to banking and institutional capital, and support broader industry growth.

Key points from the update:

• The company is evaluating strategic partnerships, joint ventures, and platform distribution opportunities in the U.S. with a focus on medical cannabis channels.
• Herbal Dispatch plans to leverage its experience in patient acquisition, veteran programs, and direct-to-consumer medical sales from its Canadian operations.
• Its asset-light, tech-enabled e-commerce model is designed for efficient scaling with lower capital requirements.
• Already listed on OTCQB (LUFFF) with recent DTC eligibility, which should help with U.S. investor access and liquidity.

The company has built a solid base in Canada through its craft cannabis e-commerce platform and continues to focus on growth there while preparing for U.S. opportunities. This looks like a measured approach to position for potential regulatory changes. Worth watching if you're following cannabis stocks. What are your thoughts on this one?

Anyone following $HERB / $LUFFF?

https://www.newsfilecorp.com/release/294309/Herbal-Dispatch-Advances-U.S.-Strategy-amid-Historic-Cannabis-Rescheduling-Shift

1. If you want to make outsized returns in the junior mining sector, you only need to look for two things: catastrophic mispricing and the quiet accumulation of smart money.
   Right now, Honey Badger Silver (TSX-V: TUF) is flashing bright green on both metrics.

Let’s put that into perspective:

The Resource: Flagship project w/ 400 Mozs AgEq at ~800 g/t AgEq high-grade with Government and First Nations support. You are looking at a 400 million Silver Equivalent (AgEq) ounce orebody. They just bought ounces in the ground for roughly $0.03 an ounce.

20 year mine life: silver production forecast of 2,400k Oz/year, per 2021 PEA. Assumes a margin of $60/oz (current silver price of $80/oz and all-in cost of $20/oz), gross margin on Silver alone = $144MM USD per year. Add in 100MM lbs of Zinc (spot zinc price of $1.6/lb minus $0.6.lb of all-in cost, net margin of $1/lb), that’s over $250MM USD of EBITDA per year without any consideration of Lead (annual forecast production of 100 - 120 MM lbs as well). Estimated annual EBITDA could be $300 - $450MM+ USD/year.

The Sunk Cost: This isn’t a raw piece of moose pasture. This is an advanced asset with winter roads, First Nations Impact and Benefit Agreements (IBAs) already signed, and $5.7 million in reclamation bonds included. In today’s dollars, there is easily $200 million worth of historical capital expenditure and engineering already poured into this ground.

2. Follow the Money: Massive Insider & Sprott Support
   You can ignore press releases, but you can never ignore the tape. The people closest to this company are buying with both hands.
   Just yesterday (May 14), legendary billionaire resource investor Eric Sprott dropped a massive vote of confidence. Through his holding company, he stepped into the open market and bought 8,500,500 shares at an average price of $0.72, handing over $6.12 million.
   This wasn’t a minor portfolio adjustment. This acquisition pushed Sprott’s holdings past the 10% threshold (he now owns 10.1% on a partially diluted basis, holding nearly 12.8 million shares and 3.3 million warrants, plus 5 million subscription receipts). When a guy like Sprott takes a high-conviction, long-term position of this size, it’s a signal you cannot afford to ignore.
   And it’s not just Sprott. The insiders are eating their own cooking:

Chad Williams, Chairman bought from open market 100,000 shares at 0.63 and again 80,000 shares at 0.8043.

In the $11.5 million financing that closed in April 2026 to fund the PC Silver acquisition, insiders and company advisors swallowed up $1.16 million (over 10% of the total amount placed).

Prior to that, in the January 2026 financing, insiders stepped up with another $0.5 million.

Zero insider sale in 2026, despite the crazy rally so far.

Management and legendary backers are front-running the retail crowd because they know exactly what they are sitting on.

Full article here

https://open.substack.com/pub/investingincompoundgrowth/p/the-ultimate-silver-heist-why-honey?selection=82195b54-220c-4c39-b892-2eac52a72294&r=c8rpe&utm_medium=ios

Disclaimer: The author of this article owns shares and/or other securities of Honey Badger Silver Inc. (TSX-V: TUF) and stands to benefit from any increase in the price of the stock. Therefore, the author is highly biased. This article is for informational, educational, and entertainment purposes only and does not constitute financial, investment, or legal advice. Junior mining stocks are highly volatile and carry a significant risk of loss. Always conduct your own thorough due diligence, verify all facts independently, and consult with a licensed financial advisor before making any investment decisions.

#Silver #miningstocks #ericsprott #10bagger #fintwit

It’s as thick as an its encyclopedia and barely palatable.

What would you do in this scenario?

Several new geological details reported from Québec Innovative Materials Corp.’s (QIMC) latest West Advocate drill hole continue strengthening the structural hydrogen model emerging near First Atlas Resources Corp.’s (CSE: HHE) Nova Scotia land package within the Cumberland Basin.

A Large Hydrogen-Bearing Interval

Hole DDH-26-03 intersected a 243 metre anomalous hydrogen-bearing interval between 300–543 m depth.

Within that interval, QIMC identified 163 metres of continuous elevated hydrogen readings from 380–543 m.

Several readings exceeded the upper detection range of the company’s primary GA5000 analyzer. Follow-up testing using a secondary instrument returned readings up to 8,961 ppmV.

The hole remains open at depth as drilling continues toward the planned 900 metre target.

The Structural System

According to QIMC, the interval contains:

• Fault breccia zones
• Strong fracturing and deformation
• Silicification
• Intrusive felsic dykes
• Calcite-filled fractures and stockwork veining
• Hematite and sericite alteration

Hole 3 was drilled roughly 2.5 km from the original discovery area, yet intersected similar fault-related geological features observed in earlier holes.

Holes 1, 2, and 3 have now all intersected hydrogen-bearing intervals associated with fault breccia and structurally altered rock systems.

Hydrogen Increasing With Depth

QIMC also reported that hydrogen concentrations increased with depth within the system.

According to INRS geologist Marc Richer-Laflèche:

• Median hydrogen concentrations averaged 357 ppmV in the upper section of the hole
• Median concentrations increased to 820 ppmV deeper in the system

The company also stated that the strongest hydrogen readings appear associated with fault-related breccia zones and structurally enhanced permeability rather than solely generalized fracturing.

Structural Targeting

QIMC’s R2G2™ exploration model is focused on identifying deep fault systems and hydrogen migration pathways associated with structurally deformed corridors.

First Atlas Resources Corp. (CSE: HHE) has stated that its upcoming Nova Scotia exploration program will utilize this same structural targeting framework across its provincial land package.

Canada just committed to doubling its electricity grid, endorsed natural gas as strategic, and signed a West Coast pipeline deal. Everyone's talking about Enbridge and TC Energy.

I looked at four different names.

The most interesting one is AtkinsRéalis, formerly SNC-Lavalin. It's a Nuclear business growing 37% organically. Permitting reform creating immediate consulting revenue before a single shovel moves. Trading at a 29-38% discount to analyst consensus because the market is still pricing it like SNC-Lavalin. The business genuinely changed. But due to their past reputation they're still at a discount/

Also covered WSP Global, South Bow, and Enbridge — including why I said hold on ENB while everyone else is saying buy.

Check out everything here

Not investment advice.