Vext Cannabis Reports 8% YoY Decline in Q2 Revenue, but Key Analysts Expect Ohio Market to Be a Key Growth Driver
Jelena Martinovic
2024-08-20 22:27:10
Vext Science, Inc. (CSE:VEXT)(OTCQX:VEXTF) reported that its revenue for the quarter ended June 30, 2024 declined to $84 million from $92 million in the prior year period.The vertically integrated operator in Arizona and Ohio is expected to benefit from the recent launch of adult-use cannabis sales in Ohio. Vext has secured dual licenses for cultivation and manufacturing facilities, as well as operating dispensary licenses in Jackson and Columbus, and received approval for adult-use cannabis sal.........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
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