Mr. Eric Offenberger reports

VEXT APPOINTS NEW CFO

Stephan Bankosz has resigned as chief financial officer and corporate secretary of the Vext Science Inc., effective Aug. 25, 2023, to pursue other opportunities. Vext will appoint experienced financial executive and operator Trevor Smith as CFO. In the coming weeks Mr. Bankosz will assist with the transition of duties to Mr. Smith, which is expected to be completed after Vext has reported its second quarter 2023 earnings. Nalee Pham, the company's chief of staff and a director of the company's wholly owned operating subsidiary Herbal Wellness Center LLC, has been appointed corporate secretary.

Management commentary

"I would like to thank Stephan, who has been an integral part of Vext since January, 2021, for his contribution and for making this transition as smooth as possible, and wish him continued success in his future endeavours," says Eric Offenberger, president and chief executive officer.

Mr. Offenberger further stated: "We are pleased to have completed our search for a CFO. Trevor brings a combination of financial knowledge with real-world entrepreneurial skills, including 10 years of operational experience in the cannabis industry, including cultivation, manufacturing, distribution and retail in multiple markets. Prior to joining the cannabis industry, Smith worked at PricewaterhouseCoopers (PwC) performing financial due diligence on target companies, and was a financial analyst responsible for monitoring the portfolio investments at a large-cap U.S. hedge fund. Mr. Smith is a well-respected executive and brings with him a variety of skills that will add value to Vext."

About Vext Science Inc.

Vext Science is a United States-based cannabis operator with vertical operations in Arizona and Ohio. Vext's expertise spans from cultivation through to retail operations in its key markets. Based out of Arizona, Vext owns and operates state-of-the-art cultivation facilities, fully built-out manufacturing facilities as well as dispensaries in both Arizona and Ohio. The company manufactures Vapen, one of the leading tetrahydrocannabinol concentrates, edibles and distillate cartridge brands in Arizona. Its selection of award-winning products are created with Vext's in-house, high-quality flower and distributed across Arizona and Ohio, as well as through Vext's partnerships in other states. Vext's leadership team brings a proven record of building and operating profitable multistate operations, with the company having operated profitably since 2016. The company's primary focus is to continue growing in its core states of Arizona and Ohio, bringing together cutting-edge science, manufacturing and marketing to provide a reliable and valuable customer experience while generating shareholder value.

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