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Bullboard - Stock Discussion Forum Herbal Dispatch Inc LUFFF


Primary Symbol: C.HERB

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 > Q3 results and md$a
View:
Post by GalAnonymous on Dec 01, 2021 7:16am

Q3 results and md$a

I'm surprised we didn't get NR re. Q3 financials and some corporate update - it actually looks pretty promising. The sale of Las Vegas, Nevada facility is still on and is about to close within a month:
"The Company has also entered into a definitive sales agreement to sell its property and licenses located in Las Vegas, Nevada. Net proceeds, after the repayment of the Company’s shortterm loan, would be approximately $4,000,000 CAD. The sale is expected to close by end of year 2021 upon approval by the state’s regulatory authorities. Approval was received by authorities on November 16, 2021. Due to the delay in closing this sale, the Company had to extend its shortterm loan by six months. It is now due in March 2022"
The company has reported its best quarter yet as well with the revenue over half a million usd:
"The third quarter of 2021 was focused on improving the Company’s ecommerce sales platform and scaling operations to support sales. The Company has been working with marketing groups to support these efforts through a cost per acquisition sales model. Both of these goals were successfully achieved as the Company had its best quarter yet with approximately $568,000 in revenue during the three months ended September 30, 2021 ($847,000 in the nine months ended September 30, 2021). The Company also saw a healthy gross margin of 67% at the end of Q3. Inventory build out continued, and the Company started its own inhouse fulfillment, which dramatically reduced costs and increased margin. The Company’s margin doubled between Q2 and Q3 2021, which was expected with the addition of inhouse fulfillment. The Company is exploring different customer service options as well in an attempt to reduce costs and increase margin."
 
Comment by JamesBond001 on Dec 02, 2021 2:38pm
Dear Gal: My hat goes off to you, your post is bang on accurate and loaded with truths.  The leadership of this company has significant knowledge and experience in the broad cannabis sector. Not even the LP's have this deep leaderrship qualities in their senior ranks.  I expect to see the return of broad instutional investor interest next year and beyond so I buy more and tuck them ...more  
Comment by unclebobie on Dec 27, 2021 3:57pm
Please your comments are absolutely inane - meaningless platitudes. Thanks for wasting our time!
Comment by unclebobie on Dec 27, 2021 4:10pm
Think , think  and think - the Canadian market has done nothing but slide since legalization of cannabis. The speculative bubble has burst and we are left with depreciating commodity. The ease of individual production and competition has driven the price per gram - downward. Thus the sale of Nevada was the worst case senario. Nevada was the entry point to the USA ( a market ten times larger ...more  
Comment by Angler101 on Feb 17, 2022 4:03pm
Please explain to us the “ease of individual production”, uncle dickhead, when it comes to vape pens and the like.....everybody now has got a little 2.0 factory goin in their basement, have they?
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