Mr. Eric Offenberger reports

VEXT COMPLETES ACQUISITION OF COLUMBUS DISPENSARY, STRENGTHENS VERTICALLY INTEGRATED POSITION IN OHIO

Vext Science Inc. has completed the acquisition of a cannabis dispensary in Columbus, Ohio, as part of the previously disclosed acquisition of Appalachian Pharm Processing LLC, together with its subsidiaries and affiliated companies. As part of the closing, Vext will pay to CannAscend Ohio Columbus LLC, additional aggregate consideration of approximately $2,879,322.00 plus approximately $148,000 for certain preclosing tax liability of the Columbus dispensary, subject to adjustments based on preclosing operations. The Columbus dispensary is called Strawberry Fields and is located at 2950 E. Main St., Columbus, Ohio. On Feb. 2, 2024, Vext received regulatory approval from the Ohio Department of Commerce to transfer ownership of the Columbus dispensary to Vext.

Eric Offenberger, chief executive officer of Vext, commented: "With the adult-use market opening this year, Ohio is positioned for substantial growth and is expected to become a $4-billion market by 2028. Through the acquisition of Strawberry Fields, along with the previously announced Ohio expansion transaction, Vext has established a meaningful vertical presence in the state and is primed for growth and profitability over the next several years."

As a result of closing of the acquisition, Vext's business in Ohio will include an operating Tier 1 cultivation facility, an operating manufacturing facility and four strategically located retail dispensaries.

Unless otherwise noted, all currency reference used in this news release are in U.S. currency.

About Vext Science Inc.

Vext Science 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, one of the leading THC (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.

Vext Science is listed on the Canadian Securities Exchange under the symbol VEXT and trades on the OTCQX market under the symbol VEXTF.

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