01:26:00 EST Wed 04 Mar 2026
Enter Symbol
or Name
USA
CA



Vext Science Inc
Symbol VEXT
Shares Issued 185,793,173
Close 2026-03-03 C$ 0.25
Market Cap C$ 46,448,293
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Vext receives licence for seventh dispensary in Ohio

2026-03-03 18:35 ET - News Release

Mr. Eric Offenberger reports

VEXT ADVANCES OHIO EXPANSION WITH SEVENTH RETAIL LOCATION

Vext Science Inc. has been granted a dual-use provisional licence by the Ohio Division of Cannabis Control (DCC) for a cannabis dispensary in Columbus, Ohio. All currency references used in this news release are in United States currency unless otherwise noted.

The dispensary will be located on the west side of Columbus, near the I-270 and Roberts Road interchange, providing strong visibility from the city's primary beltway and convenient access within Ohio's largest cannabis market. The site sits adjacent to Hilliard and serves a growing residential area with limited nearby cannabis retail locations. The dispensary will represent Vext's second location in Columbus.

The provisional licence confirms the dispensary complies with all applicable zoning and statutory setback requirements for both medical and adult-use retail sales. The company has secured all required construction permits and executed a construction agreement for the buildout of a new stand-alone facility, including a drive-through. Construction is expected to begin in March, with operations expected to commence in the fourth quarter of 2026, subject to regulatory approvals. Total capital costs are expected to be approximately $3.3-million, including land acquisition and construction.

Eric Offenberger, chief executive officer of Vext, commented: "Securing our seventh Ohio dispensary licence is another important step in our disciplined retail expansion. Columbus is the state's largest cannabis market, and this high-visibility location near I-270 gives us access to a growing residential area with limited nearby competition. With five consolidated dispensaries currently operating in Ohio and our sixth location in Fairfield expected to open in Q2 of 2026, which given its location has the potential to become one of our strongest performing stores, we're building from a position of strength. Each new store extends the leverage of our vertically integrated platform and reinforces our margin and cash flow trajectory. With construction under way and our remaining Ohio projects advancing, we have a clear line of sight to the state's eight-store cap and remain committed to disciplined capital allocation and sustainable shareholder value creation."

Across the company's three remaining Ohio locations, Vext is working closely with local zoning authorities and regulators to progress permitting and construction and to maintain project timelines. Upon completion, the company will operate the state maximum of eight dispensaries, supported by its Tier I cultivation and manufacturing facilities.

About Vext Science Inc.

Vext Science is a United States-based cannabis operator with vertical operations in Arizona and Ohio. Vext's expertise spans from cultivation through to retail operations in its key markets. Based out of Arizona, Vext owns and operates state-of-the-art cultivation facilities, fully built out manufacturing facilities as well as dispensaries in both Arizona and Ohio. The company manufactures Vapen, one of the leading THC concentrates, edibles and distillate cartridge brands in Arizona. Its selection of award-winning products are created with Vext's in-house, high-quality flower and distributed across Arizona and Ohio. Vext's leadership team brings a proven record of building and operating profitable multistate operations. The company's primary focus is to continue growing in its core states of Arizona and Ohio, bringing together cutting-edge science, manufacturing and marketing to provide a reliable and valuable customer experience while generating shareholder value.

Vext Science is listed on the Canadian Securities Exchange under the symbol VEXT and trades on the OTCQX market under the symbol VEXTF.

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