Vext Announces Change of Auditor

Rhea-AI Summary

Vext Science, a U.S.-based cannabis operator with operations in Arizona and Ohio, announced a change in its auditor from Reliant CPA to MNP LLP effective June 4, 2025. The former auditor, Reliant CPA, resigned voluntarily, citing that Vext's growth and operational scale had exceeded their audit practice scope. The company's audit committee selected MNP LLP as the successor due to their greater public company experience and capacity to handle Vext's financial reporting requirements. There were no reservations, modified opinions, or reportable events in the former auditor's reports. The change of auditor notice and required documentation have been filed on SEDAR+.

Positive

• Company's growth has exceeded previous auditor's capacity, indicating strong business expansion
• Transition to larger auditor MNP LLP suggests enhanced financial reporting capabilities

Negative

• None.

Vancouver, British Columbia--(Newsfile Corp. - June 5, 2025) - Vext Science, Inc. (CSE: VEXT) (OTCQX: VEXTF) ("Vext" or the "Company"), a U.S.-based cannabis operator with vertical operations in Arizona and Ohio, today announced it has changed its auditor from Reliant CPA (the "Former Auditor") to MNP LLP (the "Successor Auditor") effective June 4, 2025, until the close of the Company's next annual general meeting of shareholders.

The Former Auditor resigned on its own initiative determining that the Company's continued growth and operational scale had exceeded the scope of the Former Auditor's audit practice. Vext has appointed the Successor Auditor as the audit committee of the Company believes the Successor Auditor has greater depth of public company experience and capacity to meet the Company's financial reporting and auditing requirements on a timely basis.

There were no reservations or modified opinions in the Former Auditor's audit reports for any financial period during which the Former Auditor was the Company's auditor. There are no "reportable events" (as such term is defined in National Instrument 51-102 Continuous Disclosure Obligations ("NI 51-102")) between the Company and the Former Auditor.

In accordance with NI 51-102, the change of auditor notice, together with the required letters from the Former Auditor and the Successor Auditor, have been reviewed and approved, as applicable, by the Board and have been filed on SEDAR+.

Management of the Company wishes to thank Reliant for their dedication and excellent work during their time as auditors of the Company.

About Vext Science, Inc.

Vext Science, Inc. is a U.S.-based cannabis operator with vertical operations in Arizona and Ohio. Vext's expertise spans from cultivation through to retail operations in its key markets. Based out of Arizona, Vext owns and operates state-of-the-art 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. Vext'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.

Vext Science, Inc. is listed on the Canadian Securities Exchange under the symbol VEXT and trades on the OTCQX market under the symbol VEXTF. Learn more at www.vextscience.com and connect with Vext on Twitter/X and LinkedIn.

For more details on the Vapen brand:
Vapen website: VapenBrands.com
Instagram: @vapen
Facebook: @vapenbrands

The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.

Eric Offenberger
Chief Executive Officer
844-211-3725

For further information:
Jonathan Ross, Vext Investor Relations
jon.ross@loderockadvisors.com
416-244-9851

SOURCE: Vext Science, Inc.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/254671

FAQ

Why did Vext Science (VEXTF) change its auditor in June 2025?

Vext changed auditors because their previous auditor, Reliant CPA, resigned as the company's growth and operational scale exceeded their audit practice scope. They switched to MNP LLP for their greater public company experience.

Who is Vext Science's new auditor as of June 2025?

MNP LLP is Vext Science's new auditor, effective June 4, 2025, until the close of the company's next annual general meeting of shareholders.

Were there any issues with Vext's previous auditor Reliant CPA?

No, there were no reservations, modified opinions, or reportable events in Reliant CPA's audit reports during their time as Vext's auditor.

What markets does Vext Science (VEXTF) operate in?

Vext Science operates as a cannabis operator with vertical operations in Arizona and Ohio.