A fully vertically integrated, Arizona-based cannabis company is providing proof to investors that blue skies may be on the horizon for an industry that been in the doldrums the past 6 months.
Vext Science, Inc. (
CSE:VEXT,
OTCQX:VEXTF,
Forum) is an innovative cannabis company on the forefront of agricultural technology, services, and property management while utilizing a full vertical integration business model. Vext, through its wholly-owned subsidiaries, oversees and executes all aspects of cultivation, extraction, and manufacturing.
The company produces THC cartridges, concentrates, edibles, and accessories of THC and CBD vape cartridges, concentrates, and edibles under the
Vapen™ brand, and hemp-based products under the
Pure Touch Botanicals brand, as well as the
Vapen CBD brand.
Vext Sciences also operates a retail dispensary and is a wholesale distributor of high-margin cannabis and CBD products along with profit sharing joint venture partnerships.
In short, Vext just about does it all in the cannabis cultivation, extraction, branding, wellness, and retail space.
Up-to-date Financial Results
On November 26, 2019 Vext reported financial results for the period ended September 30, 2019, and the Company posted particularly impressive
Q3 2019 results.
- Vext’s gross revenues increased 36 percent to US$18.8 million for the nine months ending September 30, 2019 from US$13.8 million for the nine months ended September 30, 2018.
- Total net income increased 9 percent for the nine months ending September 30, 2019 to US$3.7 million compared to US$3.4 million for the nine months ended September 30, 2018.
- The Company’s gross revenues increased 19 percent to US$5.6 million for the quarter ended September 30, 2019 from US$4.7 million for the quarter ended September 30, 2018.
Bob Brilon, president and chief financial officer commented:
“Vext has experienced a strong three quarters primarily related to the Arizona operations. We have announced partnerships in the THC and Hemp CBD industries that are moving forward. We are looking forward to announcing the details of additional domestic and foreign extraction partnerships to further strengthen the financial results of 2019 and 2020.”
The ‘Vext’ New Wave
Vext Science, Inc. is a US-based Cannabis THC and Hemp cannabinoid products company manufacturing THC cartridges, concentrates, edibles and accessories under the Vapen™ Brand, and Hemp based products under the Pure Touch Botanicals brand as well as the Vapen CBD brand. Based in Arizona, Vext Science has one of the leading THC concentrates, edibles, and distillate cartridge brands sold in the majority of the state's 100-plus dispensaries.
Also part of the Vext’s portfolio is
Herbal Wellness Center – one of Arizona's leading dispensaries delivers all aspects of the cultivation, extraction, edibles infusion and manufacturing processes which insures a product of quality and purity. The Company says it’s committed to providing
the highest product quality and purity which is the core to their marketing strategy.
Vext Science continues to execute its business growth strategy by leveraging experience and expertise in extractions, product manufacturing, and marketing to expand in the US and internationally through revenue and profit-sharing joint venture partnerships.
Formerly, Vapen MJ Ventures Corp., the Company officially changed its name to Vext Science, Inc. and changed its ticker symbols on the Canadian Securities Exchange to ‘VEXT’ and the OTCQX to ‘VEXTF’ on
November 12, 2019.
(Click image to enlarge)
"Our core-competencies and key differentiators lie in our strong operational procedures, particularly in the extraction processes and science-based approach to manufacturing to our high quality and purity standards. Vext Science provides our partners crucial expertise in SOPs, equipment and cannabinoid extraction techniques as we grow through revenue and profit-sharing joint venture partnerships."
Thai Nguyen, Founder and Chief Executive Officer of Vext Science.
(Click image to enlarge)
(Click image to play video)
FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.