Vext receives licence for seventh dispensary in Ohio

Executive Summary

• Vext Science Inc. has been granted a dual-use provisional license by the Ohio Division of Cannabis Control for its seventh retail dispensary location in Columbus, Ohio.
• The new facility will be located on the west side of Columbus near the I-270 and Roberts Road interchange, serving a growing residential area with limited nearby competition.
• Construction is scheduled to begin in March, with operations expected to commence in the fourth quarter of 2026, subject to final regulatory approvals.

Key Details

• License Status: Granted a dual-use provisional license for medical and adult-use retail sales, confirming compliance with all applicable zoning and statutory setback requirements.
• Location: West side of Columbus, near the I-270 and Roberts Road interchange; adjacent to Hilliard; second location in Columbus.
• Capital Costs: Total estimated capital costs are approximately $3.3 million, covering land acquisition and construction.
• Construction Timeline: Construction agreement executed; buildout includes a stand-alone facility with a drive-through; construction begins in March; operations expected in Q4 2026.
• Strategic Context: This marks the seventh Ohio dispensary. Combined with the sixth location in Fairfield (expected to open Q2 2026), Vext aims to reach the state maximum of eight dispensaries.
• Operational Scope: Upon completion, the company will operate eight dispensaries supported by its Tier I cultivation and manufacturing facilities.

Notable Quotes

• "Securing our seventh Ohio dispensary licence is another important step in our disciplined retail expansion... With construction under way and our remaining Ohio projects advancing, we have a clear line of sight to the state's eight-store cap and remain committed to disciplined capital allocation and sustainable shareholder value creation." — Eric Offenberger, CEO