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Vext Science ( (TSE:VEXT) ) has issued an update.
Vext Science, Inc. has secured state approval for the ownership transfer of the Herbal Wellness Center dispensary in Portsmouth, Ohio, marking its fifth fully consolidated dispensary in the state. This move is part of Vext’s strategic expansion in Ohio, aiming to reach the state’s eight-store cap by late 2025 or early 2026. The Portsmouth location, which includes a drive-thru, enhances Vext’s retail footprint and supports its vertically integrated platform, contributing to margin expansion and cash flow generation. With ongoing construction and permitting for three additional locations, Vext is poised to operate the state maximum of eight dispensaries, reinforcing its position in the growing Ohio cannabis market.
The most recent analyst rating on (TSE:VEXT) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Vext Science stock, see the TSE:VEXT Stock Forecast page.
Spark’s Take on TSE:VEXT Stock
According to Spark, TipRanks’ AI Analyst, TSE:VEXT is a Neutral.
Vext Science’s overall stock score reflects a blend of strong technical indicators and positive earnings call insights, particularly in Ohio, which are offset by concerns over profitability and valuation. The company’s ability to capitalize on growth opportunities while addressing profitability challenges will be crucial for future performance.
To see Spark’s full report on TSE:VEXT stock, click here.
More about Vext Science
Vext Science, Inc. is a U.S.-based cannabis operator with vertical operations in Arizona and Ohio. The company specializes in cultivation, manufacturing, and retail operations, owning state-of-the-art facilities and dispensaries in its key markets. Vext is known for its Vapen™ brand, which includes THC concentrates, edibles, and distillate cartridges, distributed across Arizona and Ohio.
Average Trading Volume: 41,103
Technical Sentiment Signal: Buy
Current Market Cap: C$69.32M
For detailed information about VEXT stock, go to TipRanks’ Stock Analysis page.