Mr. Eric Offenberger reports

VEXT STRENGTHENS OHIO PRESENCE WITH DISPENSARY PROPERTY ACQUISITION

Vext Science Inc. has completed the acquisition of real estate property associated with a cannabis dispensary in Athens, Ohio, as part of the previously disclosed Ohio expansion transaction. (All currency references used in this news release are in U.S. currency.) As consideration for the property acquisition, the company has paid aggregate consideration of $2.6-million, consisting of $900,000 in cash and the issuance of a promissory note in the principal amount of $1.7-million. The promissory note bears interest at the rate of 7.0 per cent per annum and is repayable over a period of 10 years, maturing on April 4, 2034.

For further details of the Ohio expansion transaction, please see the company's news releases dated Oct. 2, 2023, and Oct. 16, 2023, and the full text of the asset purchase agreement governing the Ohio expansion transaction, which is available under the company's SEDAR+ profile. The company currently expects that the acquisition of the two Ohio dispensaries under the Ohio expansion transaction, together with related licences and all other assets of such dispensaries, will be completed by the end of 2024.

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.

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