Vext Announces Q2 2024 Financial Results

• Revenue of $8.4 million; adjusted EBITDA¹ of $1.1 million.
• With one of the largest footprints in Ohio among publicly traded peers, Vext is well positioned to grow revenue and operating cash flow following its August 6 IPO.^and
  launch of the adult program in the state.
• Vext’s Ohio network currently includes a Tier 1 cultivation facility, a manufacturing facility, and two operational retail dispensaries. Following the completion of previously announced acquisitions² and the completion of additional permits under state law for the Tier 1 cultivation facility, Vext expects to reach the maximum number of state dispensary permits in 2024.

Vancouver, British Columbia–(Newsfile Corp. – August 20, 2024) – Vext Science, Inc. (CSE: VEXT) (OTCQX: VEXTF) (“VEXT” or the “Company”), a U.S.-based cannabis operator with vertical operations in Arizona and Ohio, today reported its financial results for the period ended June 30, 2024. Unless otherwise stated, all currency references in this press release are in U.S. dollars.

Summary Financial Results