Ohio's Weed Enthusiasts Help This Cannabis Company's Bottom Line: 165% YoY Increase In Q3 Adjusted EBITDA

Cannabis operator with vertical operations in Arizona and Ohio Vext Science, Inc. (CSE:VEXT) (OTCQX:VEXTF) reported on its financial results Thursday for the period ended Sept. 30, 2024.

“Vext’s performance in the third quarter of 2024 was a testament to the team’s disciplined execution amid persistent macroeconomic headwinds," Eric Offenberger, CEO of Vext, said. "Our solid Adjusted EBITDA results reflect both the transition to adult-use sales in Ohio, as well as our focus on maintaining strict cost control. Despite a challenging economic climate and typical third-quarter seasonality and pricing pressures in the Arizona market with the ongoing supply-demand imbalance, we’re pleased to report that our economic unit volumes remain strong."

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