Vext Science, Inc. announced that it has received regulatory approval from the Ohio Department of Commerce to transfer ownership of the Herbal Wellness Center dispensary in Portsmouth, Ohio (the Dispensary) to Vext. The Company expects to complete the closing and associated title transfers by October 1, 2025. Located in southern Ohio along the Ohio River, the Portsmouth Dispensary includes a drive-thru, providing added convenience for customers.
The Portsmouth Dispensary was granted a provisional license by the Ohio Division of Cannabis Control (DCC) under the 10(B) license 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 is actively underway 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 I 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.
