Mr. Eric Offenberger reports

VEXT COMPLETES CONSOLIDATION OF ARIZONA CULTIVATION FOOTPRINT WITH CLOSE OF PRESCOTT VALLEY FACILITY SALE

Vext Science Inc. has completed the previously announced sale of its cultivation facility located in Prescott Valley, Ariz., to affiliates of Elevate Cannabis Co. for $6.5-million in cash. Unless otherwise noted, all currency references used in this news release are in U.S. currency.

Eric Offenberger, CEO of Vext, commented, "The closing of this transaction ensures that production from our Arizona cultivation footprint is matched with demand from our wholly-owned dispensary network, and remains scalable as we look for opportunities to continue growing retail. The additional capital also enables us to pay down debt and gives us additional flexibility as we look forward to the launch of legal adult-use sales in Ohio in 2024. We expect the next 12 months to be an important period for Vext as we leverage our vertical position in Ohio to drive sales and profitability, while maximizing profitability in Arizona."

For further details about the terms of the Transaction, see the Company's news release dated October 18, 2023.

Advisors

Eight Capital acted as financial advisor and Bianchi & Brandt acted as legal counsel to Vext on the Transaction.

About Vext Science, Inc.

Vext Science, Inc. is a U.S.-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(TM), one of the leading THC 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 track record of building and operating profitable multi-state 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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