Elevate Cannabis Co. entered into an agreement to acquire Cultivation facility located in Prescott Valley, Arizona of Vext Science, Inc. (CNSX:VEXT) for $6.5 million on October 18, 2023. The proceeds will be used for (i) the repayment of a portion of Vext's currently outstanding credit facilities, (ii) future acquisition opportunities and (iii) general corporate purposes.

The transaction is expected to close by November 1, 2023. VIII Capital Corp. acted as financial advisor to Vext.

Bianchi & Brandt acted as legal advisor to Vext.