Vext Science, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 17, 2022 at 12:14 pm
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Vext Science, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 7.67 million compared to USD 9.4 million a year ago. Net income was USD 0.423533 million compared to USD 0.970106 million a year ago.
For the nine months, sales was USD 27.23 million compared to USD 27.94 million a year ago. Net income was USD 4.63 million compared to USD 3.9 million a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to USD 0.04 a year ago. Diluted earnings per share from continuing operations was USD 0.03 compared to USD 0.03 a year ago.
Vext Science, Inc. is a cannabis operator. The Companyâs expertise spans from cultivation through to retail operations in markets of Arizona and Ohio. It manufactures THC cartridges, concentrates, edibles and accessories under the Vapen brand, and hemp-based products under the Pure Touch Botanicals brand as well as the Vapen CBD and Herbal Wellness brands. It has THC concentrates, edibles, and distillate cartridge brands sold in various states dispensaries. It owns and operates cultivation facilities, fully built-out manufacturing facilities as well as dispensaries in both Arizona and Ohio. Additionally, it provides management, advisory, cultivation, and dispensary services to entities in the cannabis field through joint operations agreements. It also sells CBD products and branded merchandise. Vapen Brands product is the wholesale product and sold in its dispensaries. Vapen Brand is an edible and concentrate brand. The Company also owns cannabis dispensary in Columbus, Ohio.
VEXT SCIENCE, INC. 
