Vext Secures State Approval for Portsmouth Dispensary Ownership Transfer
Vext Science (OTCQX:VEXTF) has secured regulatory approval from the Ohio Department of Commerce to transfer ownership of the Herbal Wellness Center dispensary in Portsmouth, Ohio. The transfer is expected to complete by October 1, 2025, making Portsmouth Vext's fifth fully consolidated dispensary in Ohio.
The Portsmouth facility features a drive-thru and operates as both a medical and adult-use dispensary. Vext is actively working on three additional locations, progressing toward Ohio's eight-store maximum cap. The company maintains a strong presence in Ohio with a Tier 1 cultivation facility spanning 25,000 square feet (expandable to 50,000), a manufacturing facility, and multiple operational dispensaries across key locations.
Vext Science (OTCQX:VEXTF) ha ottenuto l'approvazione regolamentare dall'Ohio Department of Commerce per trasferire la proprietà del dispensario Herbal Wellness Center a Portsmouth, Ohio. Il trasferimento dovrebbe completarsi entro 1 ottobre 2025, rendendo Portsmouth il quinto dispensario pienamente consolidato di Vext in Ohio.
La struttura di Portsmouth dispone di un drive-thru e opera sia come dispensario medico sia per uso adulti. Vext sta lavorando attivamente su altre tre sedi, avanzando verso il massimo di otto negozi previsto nello stato. L'azienda mantiene una forte presenza in Ohio con una struttura di coltivazione di livello 1 di 25.000 piedi quadrati (espandibile a 50.000), una struttura di produzione e diversi dispensari operativi in locations chiave.
Vext Science (OTCQX:VEXTF) ha obtenido la aprobación regulatoria del Departamento de Comercio de Ohio para transferir la propiedad del dispensario Herbal Wellness Center en Portsmouth, Ohio. Se espera que la transferencia se complete para el 1 de octubre de 2025, convirtiendo a Portsmouth en el quinto dispensario completamente consolidado de Vext en Ohio.
La instalación de Portsmouth cuenta con un drive-thru y opera como dispensario médico y de uso para adultos. Vext está trabajando activamente en tres ubicaciones adicionales, avanzando hacia el límite de ocho tiendas en el estado. La compañía mantiene una fuerte presencia en Ohio con una instalación de cultivo de Nivel 1 de 25,000 pies cuadrados (ampliable a 50,000), una instalación de fabricación y varios dispensarios operativos en ubicaciones clave.
Vext Science (OTCQX:VEXTF)가 오하이오 주 상무부로부터 포츠머스, 오하이오의 Herbal Wellness Center 매장의 소유권 양도를 승인받았습니다. 이 양도는 2025년 10월 1일까지 완료될 예정이며, 포츠머스는 오하이오 주에서 다섯 번째 완전 통합 매장이 됩니다.
포츠머스 시설에는 차량 회수창이 있으며 의료용 및 일반용 디스펜서리로 운영됩니다. Vext는 다른 세 곳의 위치에서 최대 여덟 곳의 매장 제약에 도달하기 위해 적극적으로 작업 중입니다. 이 회사는 25,000 제곱피트의 1등급 재배 시설을 포함해 오하이오에 강력한 존재감을 유지하고 있으며(확장 시 50,000), 제조 시설과 여러 주요 위치에 운영 중인 디스펜서리도 보유하고 있습니다.
Vext Science (OTCQX:VEXTF) a obtenu l'approbation réglementaire du Department of Commerce de l'Ohio pour transférer la propriété du dispensaire Herbal Wellness Center à Portsmouth, dans l'Ohio. Le transfert devrait être finalisé d'ici le 1 octobre 2025, faisant de Portsmouth le cinquième dispensaire pleinement consolidé de Vext en Ohio.
L'établissement de Portsmouth dispose d'un drive-thru et opère à la fois comme dispensaire médical et grand public. Vext travaille activement sur trois emplacements supplémentaires, avançant vers le plafond de huit magasins dans l'État. L'entreprise maintient une forte présence en Ohio avec une installation de culture Niveau 1 de 25 000 pieds carrés (extensible à 50 000), une installation de fabrication et plusieurs dispensaires opérationnels dans des lieux clés.
Vext Science (OTCQX:VEXTF) hat eine behördliche Genehmigung des Ohio Department of Commerce erhalten, um den Eigentumsübergang des Herbal Wellness Center-Dispensaries in Portsmouth, Ohio, zu regeln. Der Übertrag soll bis zum 1. Oktober 2025 abgeschlossen sein und Portsmouth damit zu Vexts fünftem vollständig konsolidierten Dispensary in Ohio machen.
Die Portsmouth-Einrichtung verfügt über eine Drive-through-Option und betreibt sich sowohl als medizinisches als auch als Freizeit-Dispensary. Vext arbeitet aktiv an drei weiteren Standorten und kommt dem acht Stores Maximum des Bundesstaates entgegen. Das Unternehmen hat eine starke Präsenz in Ohio mit einer Tier-1-Anbaueinrichtung von 25.000 Quadratfuß (erweiterbar auf 50.000), einer Herstellungsanlage und mehreren operativen Dispensaries an wichtigen Standorten.
Vext Science (OTCQX:VEXTF) حصلت على موافقة تنظيمية من وزارة التجارة في ولاية أوهايو لنقل ملكية عيادة Herbal Wellness Center في بورتسموث، أوهايو. من المتوقع أن يتم إتمام النقل بحلول 1 أكتوبر 2025، مما يجعل بورتسموث خمس عيادات توزيع مدمجة بالكامل لشركة Vext في أوهايو.
المرفق في بورتسموث يتضمن خدمة القيادة-through ويعمل كـ dispensary طبي ومخصص للاستخدام العام. تقوم Vext بنشاط على ثلاث مواقع إضافية، متقدمة نحو الحد الأقصى البالغ ثماني متاجر في الولاية. للشركة حضور قوي في أوهايو مع منشأة زراعة من المستوى 1 تبلغ 25,000 قدم مربع (قابلة للتمديد حتى 50,000)، ومنشأة تصنيع، والعديد من dispensaries التشغيلية في مواقع رئيسية.
Vext Science (OTCQX:VEXTF) 已获俄亥俄州商务部监管批准，将位于俄亥俄州朴茨茅斯的 Herbal Wellness Center 药房的所有权转让。转让预计在 2025年10月1日 前完成，使朴茨茅斯成为 Vext 在俄亥俄州的 第五家全面整合的药房。
朴茨茅斯设施设有免下车取药服务，作为医疗用和成人用药房共同运营。Vext 正在推进另外三个地点，朝着俄亥俄州 最多八家门店的上限迈进。公司在俄亥俄州的存在感强劲，拥有一个 一级培养设施，面积 25,000 平方英尺（可扩展至 50,000），以及制造设施和多家在关键地点运营的药房。
- None.
- Construction and permitting still pending for remaining three locations
- Timeline risk for remaining dispensary openings extending into 2026
- Upon closing, expected by October 1, 2025, Portsmouth will become Vext's fifth fully consolidated dispensary in Ohio. The Company expects to bring additional locations online through late 2025 and early 2026, progressing toward the state's eight-store cap.
Vancouver, British Columbia--(Newsfile Corp. - September 17, 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 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.
Eric Offenberger, CEO of Vext, commented, "State approval of the Portsmouth dispensary ownership transfer is a clear validation of our disciplined growth strategy in Ohio. With Portsmouth already operating and expected to be consolidated by October 1, we are advancing toward a five-store retail footprint in the state. Each additional location enhances our ability to better leverage our vertically integrated platform, supporting margin expansion and consistent cash flow generation. As we scale, our commitment to compliance, community engagement, and delivering high-quality products remains central to our success. Ohio is proving to be one of the most attractive growth markets in U.S. cannabis, and each milestone brings us closer to completing our retail buildout and enhancing long-term shareholder value."
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.
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. |
| Herbal Wellness Center (Jackson, Ohio) | Fully operational as a medical and adult-use dispensary. |
| Herbal Wellness Center (Columbus, Ohio) | Fully operational as a medical and adult-use dispensary. |
| Herbal Wellness Center (Athens, Ohio) | Fully operational as a medical and adult-use dispensary. |
| Herbal Wellness Center (Jeffersonville, Ohio) | Fully operational as a medical and adult-use dispensary. |
| Dispensary 5 (Portsmouth, Ohio) | Fully operational as a 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 Q4 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. Target locations for the remaining dispensaries have been identified and will be announced when provisional permits are issued by the DCC. |
For more details, visit Vext's investor website or contact the IR team at investors@vextscience.com.
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
Forward-Looking Statements
Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in Vext's periodic filings with Canadian securities regulators. When used in this news release, words such as "will", "could", "plan", "estimate", "expect", "intend", "may", "potential", "believe", "should", "positioned", and similar expressions, are forward-looking statements.
Forward-looking statements may include, without limitation, statements regarding future developments and the business and operations of Vext, including but not limited to the Company's expansion in Ohio and the anticipated results therefrom, the receipt of applicable regulatory approvals, the acquisition of additional licenses, and the development and opening of additional dispensaries in Ohio, all of which are subject to the risk factors contained in Vext's continuous disclosure filed on SEDAR+ at www.sedarplus.ca.
Although Vext has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended, including, but not limited to: dependence on obtaining regulatory approvals; being engaged in activities currently considered illegal under U.S. Federal laws; change in laws; reliance on management; requirements for additional financing; competition; hindered market growth and state adoption due to inconsistent public opinion and perception of the medical-use and adult-use marijuana industry; and regulatory or political change.
There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. Because of these risks and uncertainties, the results or events predicted in these forward-looking statements may differ materially from actual results or events.
Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this release. Vext disclaims any intention or obligation to update or revise such information, except as required by applicable law, and Vext does not assume any liability for disclosure relating to any other company mentioned herein.
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.
1 As a Tier 1 Cultivator, Vext has received approval under the Ohio Division of Cannabis Control's (DCC) 10(B) license program to develop three additional dual-use dispensaries, including Fairfield, putting Vext on track to reach the state license cap of eight dispensaries by early 2026.
2 The Company expects to complete the closing and associated title transfers by October 1, 2025.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/266693
FAQ
When will Vext (VEXTF) complete the Portsmouth dispensary ownership transfer?
How many dispensaries does Vext currently operate in Ohio?
What is the size of Vext's cultivation facility in Ohio?
Where is Vext's Portsmouth dispensary located?
When will Vext's remaining Ohio dispensaries become operational?
