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Cannabis Producer Vext Reports YoY Decline In Q1, Announces $2M Standby Credit Facility Ahead Of Ohio Rec Market Launch

By Jelena Martinovic
May 29, 9:34 AM
Cannabis operator with vertical operations in Arizona and Ohio, Vext Science, Inc. (CSE: VEXT) (OTCQX: VEXTF) reported on Wednesday its first quarter financial results for the three months ended March 31, 2024."The first quarter of 2024 continued to present consumer-related challenges to all operators, with the Arizona market overall experiencing another decline in quarterly revenue," said Eric Offenberger, CEO of Vext.

CSE:VEXT

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This Cannabis Co. Expects Significant Growth Once Ohio’s Retail Market Launches, Reports Slight YoY Decrease In 2023 Revenue

By Jelena Martinovic
May 10, 9:31 AM
Vext Science, Inc., which runs vertical cannabis operations in Arizona and Ohio, reported on Friday its financial results for the period ended Dec. 31, 2023. Revenue for 2023 slightly dropped year-over-year to $34.8 million from $35.4 million in 2022. Fourth quarter revenue grew year-year to $8.4 million, from $8.1 million in the prior year's quarter.

CSE:VEXT

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Cannabis Co. Vext Announces Debt Conversion, Opens Door To 27 Million Shares For Investors

By Jelena Martinovic
December 28, 11:57 AM
Vext Science has reached agreements with the holders of the company's existing secured non-convertible debentures to convert the outstanding principal amount of $4.6m, plus interest and a conversion incentive fee, into 27,700,625 common shares of the company. The conversion is subject to regulatory approval and is expected to be completed in due course. Upon completion, all existing security held by the debenture holders will be released and discharged. Sopica Special Opportunities Fund Limited, an insider shareholder of Vext Science, is a debenture holder and is expected to acquire common shares as part of the conversion transaction.

CSE:VEXT