Mr. Philip Campbell reports

HERBAL DISPATCH COMPLETES FIRST EXPORT SALE TO AUSTRALIA

Herbal Dispatch Inc. has completed its first export sale to Australia, consisting of 93 kilograms of premium dried cannabis. This sale is part of a new partnership with a leading Australian medical cannabis provider and is expected to result in regular and growing shipments. The company is currently working on additional export opportunities in Israel, Portugal and Germany, and other partnership opportunities in Australia.

"This expansion marks a significant milestone for Herbal Dispatch as we enter the global cannabis market," said Philip Campbell, chief executive officer of Herbal Dispatch. "We are excited to enter into our first export and distribution partnership with one of Australia's most established and trusted medical cannabis companies. We plan to work closely with our new partner to expand the company's premium and craft-focused cannabis offering in Australia, where the medical cannabis market is still new but growing rapidly. This initial partnership also strengthens our pursuits in additional export medical markets, where near-term opportunities exist, and future emerging recreational markets."

International export markets present a compelling and highly complementary opportunity for Herbal Dispatch to increase revenue and margin from its current domestic cannabis distribution operations and industry-leading e-commerce platform. The company is optimistic that an increasing number of global markets will refine regulations, allowing for lower-barrier access to high-quality cannabis products produced and distributed from Canada via Herbal Dispatch's growing distribution platform.

The company is continuing to experience significant revenue growth in 2023 in its core domestic markets and the company's expansion into export sales is expected to underpin higher monthly revenue.

Monthly gross revenue for Herbal Dispatch has grown quickly from under $100,000 in January, 2023, to $400,000 in May, 2023, and over $700,000 in June, 2023. Gross revenue for the second quarter is expected to be approximately $1.4-million. Based on the prevailing growth rate, current margins and monthly cash burn, the company expects to be cash flow positive by the third quarter.

About Herbal Dispatch Inc.

The company owns and operates leading cannabis e-commerce platforms and is dedicated to providing top-quality cannabis to informed consumers at affordable pricing. The company's flagship cannabis marketplace is a trusted source for exclusive access to small-batch craft cannabis flower and a wide array of other product formats. The company's common shares trade on the Canadian Securities Exchange under the symbol HERB.

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