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. 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. Vext's Current Footprint in Ohio: Facility1, Status, Tier 1 Cultivation Facility - 25,000 square feet (Jackson, Ohio), Fully operational.
Ability to expand to 50,000 square feet. Certificate of Operation received for adult-use., Manufacturing Facility (Jackson, Ohio), Fully operational as a medical and adult-use dispensary., Herbal Wellness Center (Columbus, Ohio), Fully operational as an medical and adult-use dispensary.2, Dispensary 6 (Fairfield, Ohio), Provisional dual-use license received and construction is in process. Expected to be operational by fourth quarter 2025., Dispensaries 7 and 8 (Granted approval to develop 2 additional dual-use dispensaries), As a Tier 1 Cultivator, Vext has received approval under the DCC's 10(B) license program to develop three dual-use dispensaries, including Dispensary 6. Vext's expertise spans from cultivation through to retail operations in its key markets.
Based out of Arizona, Vext owns and operates 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.
The Company's leadership team brings a proven track record of building and operating profitable multi-state 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.
