Vext Science Expands Ohio Presence with Fifth Dispensary Opening

Vext Science ( (TSE:VEXT) ) has provided an update.

Vext Science, Inc. has opened its fifth cannabis dispensary in Portsmouth, Ohio, enhancing its retail footprint in the state. The new location, which includes a drive-thru, is part of Vext’s strategy to scale its operations and increase market presence in Ohio, a key growth area for the company. The Portsmouth dispensary is expected to be fully consolidated by late 2025, subject to regulatory approval. Vext’s vertically integrated model in Ohio positions it to drive margin expansion and free cash flow, supporting its long-term growth and shareholder value.

The most recent analyst rating on (TSE:VEXT) stock is a Buy 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 score is driven by financial challenges, including profitability and cash flow issues, outweighing its strong earnings call performance and strategic expansion in Ohio. The technical indicators suggest a bearish trend, while valuation remains a concern due to negative earnings.

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, producing THC concentrates, edibles, and distillate cartridges under the Vapen™ brand. Vext is focused on expanding its presence in its core markets of Arizona and Ohio, leveraging its expertise in science, manufacturing, and marketing to enhance customer experience and shareholder value.

YTD Price Performance: -21.21%

Average Trading Volume: 151,637

Technical Sentiment Signal: Sell

Current Market Cap: C$32.19M

Find detailed analytics on VEXT stock on TipRanks’ Stock Analysis page.