Vext Strengthens Ohio Presence With Dispensary Property Acquisition
Vext Strengthens Ohio Presence With Dispensary Property Acquisition
Vancouver, British Columbia--(Newsfile Corp. - April 8, 2024) - 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 completed the acquisition (the "Property Acquisition") of real property associated with a cannabis dispensary in Athens, Ohio as part of the previously disclosed Ohio Expansion Transaction. As consideration for the Property Acquisition, the Company has paid aggregate consideration of $2.6 million, consisting of $0.9 million in cash and the issuance of a promissory note in the principal amount of $1.7 million (the "Promissory Note"). The Promissory Note bears interest at the rate of 7.0% per annum and is repayable over a period of 10 years, maturing on April 4, 2034.
不列顛哥倫比亞省溫哥華--(Newsfile Corp.-2024 年 4 月 8 日)- Vext Science, Inc (CSE: VEXT) (OTCQX: VEXTF) (”Vext“或者”公司“)一家總部位於美國的大麻運營商,在亞利桑那州和俄亥俄州開展垂直業務,今天宣佈已完成收購(”財產 收購“)與俄亥俄州雅典一家大麻藥房相關的不動產,這是先前披露的俄亥俄州擴張交易的一部分。作爲房地產收購的對價,該公司已支付總額爲260萬澳元的對價,其中包括90萬澳元的現金和發行本金爲170萬澳元的期票(”本票“)。本票的年利率爲7.0%,在10年內償還,將於2034年4月4日到期。
For further details of the Ohio Expansion Transaction, please see the Company's news releases dated October 2, 2023 and October 16, 2023 and the full text of the Asset Purchase Agreement governing the Ohio Expansion Transaction, which is available under the Company's SEDAR+ profile at . The Company currently expects that the acquisition of the two Ohio dispensaries under the Ohio Expansion Transaction, together with related licenses and all other assets of such dispensaries, will be completed by the end of 2024.
有關俄亥俄州擴張交易的更多詳情,請參閱公司2023年10月2日和2023年10月16日的新聞稿以及管理俄亥俄州擴張交易的資產購買協議的全文,該協議可在公司的SEDAR+簡介下查閱,網址爲。該公司目前預計,根據俄亥俄州擴張交易對俄亥俄州兩家藥房以及相關許可證和此類藥房的所有其他資產的收購將在2024年底之前完成。
Unless otherwise noted, all currency references used in this news release are in U.S. currency.
除非另有說明,否則本新聞稿中使用的所有貨幣參考均以美元爲單位。
About Vext Science, Inc.
關於 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, as well as through Vext's partnerships in other states. Vext's leadership team brings a proven track record of building and operating profitable multi-state operations, with the Company having operated profitably since 2016. 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. 是一家總部位於美國的大麻運營商,在亞利桑那州和俄亥俄州開展垂直業務。Vext的專業知識涵蓋了從種植到關鍵市場的零售業務。Vext總部位於亞利桑那州,在亞利桑那州和俄亥俄州擁有並經營最先進的種植設施、完全建成的製造設施以及藥房。該公司生產Vapen,這是亞利桑那州領先的四氫大麻酚濃縮物、零食和餾出液瓶裝品牌之一。其精選的獲獎產品採用Vext的自產優質花卉製成,銷往亞利桑那州和俄亥俄州,並通過Vext在其他州的合作伙伴關係進行分銷。Vext的領導團隊在建立和運營盈利的多州業務方面有着良好的記錄,該公司自2016年以來一直實現盈利。公司的主要重點是繼續在其核心州亞利桑那州和俄亥俄州發展,將尖端科學、製造和營銷相結合,提供可靠和有價值的客戶體驗,同時創造股東價值。
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 and connect with Vext on Twitter/X and LinkedIn.
Vext Science, Inc. 在加拿大證券交易所上市,股票代碼爲VEXT,在OTCQX市場上交易,代碼爲VEXTF。要了解更多信息,請訪問 Twitter/X 和 LinkedIn 上的 Vext 並與其聯繫。
For more details on the Vapen brand:
Vapen website: VapenBrands.com
Instagram: @vapen
Facebook: @vapenbrands
有關 Vapen 品牌的更多詳情:
Vapen 網站:VapenBrands.com
Instagram:@vapen
Facebook:@vapenbrands
Forward Looking Statements
前瞻性陳述
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," and similar expressions, are forward-looking statements.
本新聞稿中的前瞻性陳述受與Vext向加拿大證券監管機構提交的定期文件中披露的特定因素有關的各種風險和不確定性的影響。在本新聞稿中使用諸如 “將、可能、計劃、估計、預期、打算、可能、潛力、相信、應該” 等詞語以及類似的表述方式均爲前瞻性陳述。
Forward-looking statements may include, without limitation, statements related to the Property Acquisition, including the repayment of the Promissory Note, statements related to the Ohio Expansion Transaction, including the anticipated closing date and receipt of regulatory approvals related thereto, and other statements regarding future developments and the business and operations of the Vext, market projections of the cannabis industry in Ohio, and the Company's business plans in Ohio, all of which are subject to the risk factors contained in Vext's continuous disclosure filed on SEDAR+ at .
前瞻性陳述可能包括但不限於與財產收購相關的陳述,包括本票的償還、與俄亥俄州擴張交易相關的陳述,包括預期的截止日期和獲得相關監管部門的批准,以及有關Vext未來發展、業務和運營的其他陳述、俄亥俄州大麻行業的市場預測以及公司在俄亥俄州的業務計劃,所有這些都受Vext連續交易中包含的風險因素的約束在 SEDAR+ 上提交了披露信息,網址爲
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.
儘管Vext試圖確定可能導致實際業績、業績或成就與前瞻性陳述中包含的結果存在重大差異的重要因素,但可能還有其他因素導致業績、業績或成就與預期、估計或預期不符,包括但不限於:依賴監管部門的批准;從事目前根據美國聯邦法律被視爲非法的活動;法律的變化;對管理的依賴;對額外融資的要求;競爭;由於公衆對醫療用途和成人用大麻行業的看法不一致,以及監管或政治變革,阻礙了市場增長和各州的採用。
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.
無法保證此類信息會被證明是準確的,也無法保證管理層對未來發展、情況或結果的預期或估計會成爲現實。由於這些風險和不確定性,這些前瞻性陳述中預測的結果或事件可能與實際結果或事件存在重大差異。
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.
因此,讀者不應過分依賴前瞻性陳述。本新聞稿中的前瞻性陳述截至本新聞稿發佈之日作出。除非適用法律要求,否則Vext不打算或承擔任何更新或修改此類信息的意圖或義務,並且Vext對與本文提及的任何其他公司有關的披露不承擔任何責任。
The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.
加拿大證券交易所尚未審查、批准或不批准本新聞稿的內容。
Eric Offenberger
Chief Executive Officer
844-211-3725
埃裏克·奧芬伯格
首席執行官
844-211-3725
For further information:
Jonathan Ross, Vext Investor Relations
jon.ross@loderockadvisors.com
416-244-9851
欲了解更多信息:
喬納森·羅斯,Vext 投資者關係
jon.ross@loderockadvisors.com
416-244-9851
SOURCE: Vext Science, Inc
來源:Vext Science, Inc