Herbal Dispatch Inc. announced revenue results for the first quarter ended March 31, 2024. Gross revenue in first quarter 2024 increased to $1.6 million from just $0.4 million last year, reflecting the significant rate of growth the Company has experienced over the past 12 months and since commencing sales in Canada on the acquired marketplace herbaldispatch.com in the fall of 2022. Compared to the previous quarter ended December 31, 2023, the Company's revenue declined by $0.9 million from gross sales of $2.5 million reported in fourth quarter 2023.

This decline reflected several transitory factors, including no export sales were achieved in first quarter 2024 (fourth quarter 2023 - $0.7 million); and lower seasonal demand for medical and recreational cannabis domestically.