News - approval to begin operations in expanded space Vext Science, Inc. ("Vext" or the "Company") (CSE: VEXT; OTCQX: VEXTF) a cannabinoid brand leader based in Arizona, leveraging its core expertise in extraction, manufacturing, cultivation and marketing to build a profitable multi-state footprint, announced today that it has received approval from the State of Arizona to begin operations in its recently expanded, dedicated extraction and manufacturing facility located at 4215 N 40th Avenue, Phoenix (the "Facility"). To date, the Company has been conducting extraction and manufacturing operations in space co-located with one of its cultivation facilities. As part of the move to a dedicated footprint, Vext increased overall space by four times and built additional automation into its processes. The expansion includes: additional extract and concentrates production space; a tripling of the Company's kitchen capacity in order to meet growing demand for edibles as the Arizona adult-use market develops; a re-designed finished goods area to support increased efficiency and throughput; and a dedicated product development lab, which the Company will utilize to continue innovating the Vapen line of branded products.
Eric Offenberger, CEO of Vext commented, "The further development of our manufacturing capabilities will enable us to meet growing demand for Vapen branded product both at our operated dispensaries, and in the wholesale channel in Arizona. The expanded facility gives our team the capacity necessary to immediately increase production of extracts and concentrates, while continuing to push product development and innovation in our wholly owned Vapen product line to meet the evolving tastes and preferences of consumers. We recently announced a large, fully funded expansion to our wholly owned cultivation footprint and by moving extraction and manufacturing operations into a dedicated facility, we create room for additional biomass production until our Eloy facility comes online in early 2022. With robust upstream and downstream capacity in place, Vext is on track to continue solidifying its position in the Arizona market while generating financial results for shareholders."
For more details, visit VEXT's investor website or contact the IR team at investors@vextscience.com.