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

The quantum headlines today are pretty wild.

The U.S. government is reportedly putting serious money behind quantum computing, with around $2 billion in grants and possible equity stakes in quantum-related companies. Names like IBM, GlobalFoundries, D-Wave, Rigetti and others are getting attention, and naturally the first reaction from the market is to chase the obvious quantum tickers.

That makes sense. Quantum has a huge long-term role in computing, cybersecurity, defense, simulation, AI, research and national security.

But I think there is a second layer here that people are barely talking about.

Quantum computers are not just software. They are physical machines. When you actually look at these systems, they are packed with cryogenic hardware, cooling systems, wiring, cabling, connectors, shielding, control electronics, power infrastructure and precision metal components.

In other words, this is not some weightless cloud-only story.

The machines are hardware-heavy. And hardware-heavy usually means materials-heavy.

That is why this reminds me of what happened with AI. At first, everyone focused on Nvidia, GPUs, cloud companies and data centers. Then the market slowly realized the physical bottleneck underneath the AI boom: power, transformers, substations, grid upgrades, cooling systems and copper.

Quantum could follow a similar path.

The obvious mining names are the big established ones like FCX, BHP, Rio Tinto, Teck or Hudbay. Those are easier for institutions to buy, more liquid, and already recognized as real copper/metals exposure. They make sense for people who want a more established route into the theme.

But the more speculative upside usually sits further down the pipeline, where future supply is still being explored.

That is where I think NovaRed Mining, NRED / NREDF, becomes interesting as a watchlist name. To be clear, NovaRed is not a quantum company. It is not a producer. It is an early-stage copper-gold explorer in British Columbia.

But that is exactly the point.

If AI, quantum, robotics, defense, data centers and grid modernization all keep expanding, the world will need more secure metal supply. And future copper supply has to start somewhere. It starts with exploration projects before it ever becomes production.

NovaRed’s Wilmac Copper-Gold Project sits in British Columbia’s Quesnel porphyry belt, roughly 10 km west of Hudbay’s producing Copper Mountain Mine. The project is about 16,078 hectares, which is roughly 160 square kilometers, around 39,732 acres, about 30,000 football fields, or about 2.7x the size of Manhattan.

That is a serious footprint for a junior explorer.

The North Lamont target is also worth watching. The company reported 43 soil samples there, with the highest copper value at 379 ppm Cu. The western copper cluster had 9 samples above 150 ppm Cu, averaging 209 ppm Cu. Right now, North Lamont is considered a moderate-priority drill target, but it could potentially move higher after IP/AMT results.

That does not guarantee a discovery. It is still early. Soil samples and geophysics are not the same as a mine.

But in junior exploration, this is exactly how a story develops. Land package, regional relevance, surface data, geophysics, target ranking, then potential drill catalysts.

I would also put names like Kodiak Copper, Hercules Metals and Cascadia Minerals in the same broad “future copper supply optionality” bucket. Different projects, different risk levels, but the same general idea: tomorrow’s metal supply depends on today’s exploration work.

The market is focused on quantum stocks right now, and that is understandable. But if Washington is treating quantum like strategic infrastructure, then the physical supply chain behind advanced technology matters too.

Quantum may be futuristic, but the machines are still built from real-world materials.

That is why I think the hidden trade is not only in the quantum tickers. It may also be in the metals pipeline behind them.

NFA, just sharing my thoughts.

https://finance.yahoo.com/sectors/energy/articles/greenland-mines-signs-definitive-agreement-123000225.html

https://www.prnewswire.com/news-releases/nasdaq-listed-critical-minerals-developer-lands-game-changing-greenland-rare-earth-deal-302777457.html

Transaction will add an advanced magnet rare earths asset in Greenland to complement Skaergaard and solidifies Greenland Mines' position in the global critical minerals race

Neo Performance Materials will become a strategic shareholder and secures offtake rights for up to 60% of future Sarfartoq production

TRANSACTION HIGHLIGHTS

• Sarfartoq stands as one of Greenland's most advanced and compelling rare earths projects, backed by a historic NI 43-101 Mineral Resource Estimate, a Preliminary Economic Assessment, over 15 years of drilling, extensive metallurgical test work, engineering and environmental baseline studies.
• Historic resources at the ST1 zone, which hosts approximately 27 million kg of neodymium oxide (Nd₂O₃) and 8 million kg of praseodymium oxide (Pr₆O₁₁) – with Nd-Pr comprising an exceptional 25–40% of total rare earth oxides (TREO) — one of the highest ratios reported globally and the key value driver in today's rare earths market.
• Neo Performance Materials has offtake rights on up to 60% of future ore or mineral concentrate production, directly bridging a Greenlandic source of Nd-Pr feedstock to Neo's downstream rare earth separation and permanent magnet platform.
• Sarfartoq contains the rare earth elements powering the future: permanent magnets for electric vehicles, offshore wind turbines, defense systems and robotics — the segment of the rare earths market where demand growth and non-China supply gaps are most acute.
• Creates a Western-aligned critical minerals platform with two advanced critical metal projects in Greenland under one listed vehicle (Nasdaq: GRML): high-value magnet rare earths at Sarfartoq and palladium-gold-platinum at Skaergaard.

Key Takeaways

• Greenland Mines Ltd. (NASDAQ: GRML) just secured one of the most strategically located rare earth projects in the Western world through a US$35 million agreement with Neo Performance Materials.
• The Sarfartoq Carbonatite Complex in southwest Greenland is rich in neodymium and praseodymium — the two rare earths most needed for permanent magnets used in EVs, wind turbines, and defense systems.
• Neo Performance Materials is staying on as a long-term partner, keeping an equity stake in Greenland Mines and the right to purchase up to 60% of the project's future output.
• Greenland Mines now has two world-class projects: the Skaergaard palladium-gold-platinum deposit and the Sarfartoq rare earth project — both in stable, Western-aligned Greenland.
• China still controls roughly 61% of global rare earth mining and 91% of refining, making Western-jurisdiction projects like Sarfartoq strategically important for governments and manufacturers alike.

 

The Deal in Plain English

Greenland Mines Ltd. (NASDAQ: GRML) just signed an agreement to take over the Sarfartoq rare earth project in southwest Greenland from Neo Performance Materials Inc. (TSX: NEO; OTCQX: NOPMF). The price tag is US$35 million — US$20 million in cash, and US$15 million in Greenland Mines stock. [1]

Here is what makes this stand out for retail investors:

• Neo Performance Materials is not exiting the project. They are keeping an equity stake in Greenland Mines and the right to buy up to 60% of the ore that comes out of Sarfartoq under an existing offtake arrangement. [1]
• That means Neo, a real revenue-generating company that just reported Q1 2026 revenue of about US$155 million, is essentially saying it wants Greenland Mines to advance this project — and plans to be the main customer. [2]
• For a small-cap developer, this is the kind of validation that most companies spend years trying to get.

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.

Most people who followed $CYDY remember March 30, 2021. The FDA publicly stated that CytoDyn's claims about leronlimab were "misleading and not supported by the data", no benefit was shown in COVID-19 treatment trials. The stock dropped 25%+ that day.

What happened afterward was a class action lawsuit covering investors who held $CYDY between March 27, 2020 and March 30, 2022.

A $500,000 settlement has been reached and terms are now submitted to the court for approval.

Who qualifies?

Anyone who held $CYDY during the class period and suffered losses from the alleged misrepresentations about leronlimab's effectiveness for HIV and COVID-19.

Can I still apply?

Yes, you can submit your application now and it will be processed once claims filing officially opens after court approval.

If you were damaged by this don't forget to check your eligibility. GL!

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

Aaron Day just posted that $AMZE is still in “slow rollout mode” for AmazeLive… but today they’re launching their first live event tied to a GPL1 manufacturer through curbitnow.com.

That may sound small on the surface, but this is the kind of execution milestone that matters for early-stage platform companies.

A few things stand out:

• They’re moving from development/testing into LIVE commercialization
• Management continues emphasizing creator commerce + live selling infrastructure
• This comes shortly after the BMG merch partnership/site rollout
• Multiple ecosystem pieces now appear to be going live simultaneously

Feels like AMZE is trying to build:

1. Creator monetization
2. Live commerce
3. Artist merch infrastructure
4. Direct-to-consumer engagement tools

At a ~$0.14 stock price, the market still seems to value this like a struggling microcap ecommerce company rather than a potentially emerging creator economy platform.

Still early. Still risky.
But the amount of execution and partnership activity lately is getting harder to ignore. Curious what everyone thinks the endgame is here.