Mr. Eric Offenberger reports

VEXT SECURES STATE APPROVAL FOR PORTSMOUTH DISPENSARY OWNERSHIP TRANSFER

Vext Science Inc. has received regulatory approval from the Ohio Department of Commerce to transfer ownership of the Herbal Wellness Center dispensary in Portsmouth, Ohio, to Vext. The company expects to complete the closing and associated title transfers by Oct. 1, 2025.

Eric Offenberger, chief executive officer of Vext, commented: "State approval of the Portsmouth dispensary ownership transfer is a clear validation of our disciplined growth strategy in Ohio. With Portsmouth already operating and expected to be consolidated by Oct. 1, we are advancing toward a five-store retail footprint in the state. Each additional location enhances our ability to better leverage our vertically integrated platform, supporting margin expansion and consistent cash flow generation. As we scale, our commitment to compliance, community engagement and delivering high-quality products remains central to our success. Ohio is proving to be one of the most attractive growth markets in U.S. cannabis, and each milestone brings us closer to completing our retail buildout and enhancing long-term shareholder value."

Located in southern Ohio along the Ohio River, the Portsmouth dispensary includes a drive-through, providing added convenience for customers. The Portsmouth dispensary was granted a provisional licence by the Ohio Division of Cannabis Control (DCC) under the 10(B) licence program. Following completion of the company's Ohio expansion transaction, it became part of Vext's retail footprint and, as previously announced, officially opened to the public on June 13, 2025.

Construction and permitting are actively under way on the company's three remaining Ohio locations, with Vext working closely with zoning authorities and regulators to maintain project timelines. Once completed, Vext expects to operate the state maximum of eight dispensaries, supported by its Tier 1 cultivation and manufacturing facilities. With full vertical integration and a growing retail footprint, Vext is well positioned to continue to drive margin expansion, generate sustainable free cash flow, and serve both medical and adult-use consumers across Ohio.

About Vext Science Inc.

Vext Science is a U.S.-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 (tetrahydrocannabinol) 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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