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Bullboard - Stock Discussion Forum Herbal Dispatch Inc C.HERB

Alternate Symbol(s):  LUFFF

Herbal Dispatch Inc. owns and operates cannabis e-commerce platforms. The Company’s flagship cannabis marketplace, herbaldispatch.com, is a source for access to small-batch craft cannabis flower and a wide-array of other product formats. It provides dried flower, pre-rolls, concentrates, vapes, edibles, oils and capsules, topicals, cannabidiol (CBD), plants & seeds, accessories and others. Its... see more

CSE:HERB - Post Discussion

Herbal Dispatch Inc > Why do we need financing?
View:
Post by Golddetector on Sep 07, 2021 1:27pm

Why do we need financing?

Just sold a facility for 6 millions. Why do they need this? Did I miss anything here?
Comment by GalAnonymous on Sep 07, 2021 8:57pm
I don't think we sold it just yet, in the NR from July 21st it says: "We expect the sale to close in September 2021 and will use the net proceeds to invest in equipment to expand operational capacity. (...) The sale is subject to customary closing conditions in addition to approval by the Nevada Cannabis Compliance Board. (...) LUFF CEO Philip Campbell commented ...more  
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