Vext Delivers Solid Q4 Financial Results - Turning Point as Ohio Operations Gain Momentum

About this update from Vext Science, Inc.

[{"type":"list","items":[{"val":[{"type":"text","content":"Q4 2024 marked Vext's strongest operating quarter in recent years, with growth across revenue, adjusted EBITDA, and cash flow.","length":130,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Revenue of $10.2 million in Q4 2024 (+13% QoQ), driven by Ohio adult-use sales and continued execution in Arizona.","length":114,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted EBITDA1 of $3.2 million in Q4 2024 (vs. $0.5 million in Q4 2023), reflecting profitability expansion as Ohio scaled, supported by operating leverage, continued efficiency, and disciplined cost control.","length":210,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Cash flow from operations turned positive in Q4 2024, reaching $4 million (vs. -$0.7 million YTD at Q3 2024).","length":109,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Secured approval from the Ohio Division of Cannabis Control ("DCC") to complete the previously announced acquisition of Big Perm dispensaries in Athens and Jeffersonville.","length":181,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"On track to reach Ohio's dispensary license cap of eight (8) by early 2026, pending completion of ongoing transactions and additional licensing under the DCC's 10(B) license program.","length":190,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":934,"olType":false},{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - March 31, 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 reported its financial results for the period ended December 31, 2024. All currency references used in this news release are in U.S. currency unless otherwise noted.","length":405,"tagName":"p"},{"type":"text","content":"Summary Financial Results","length":25,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"style":"vertical-align:bottom;border-width:1px;border-style:solid;border-color:#000000;","val":[{"type":"text","content":"","length":0,"tagName":"p","attribs":{}}]},{"style":"text-align:center;vertical-align:bottom;border-top:1px solid #000000;border-bottom:1px solid #000000;","val":[{"type":"text","conte...

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