Cannabis operator Vext's Q3 revenue up 41% on Ohio expansion

Overview

• Vext Q3 2025 revenue grows 41% YoY, driven by Ohio retail expansion

• Company's YTD operating cash flow improves to $8.5 mln from $(0.7) mln in Q3 2024

• Vext strengthens Ohio retail footprint, on track for eight dispensaries by 2026

Outlook

• Company expects improved Q4 cash flow as inventory is managed

• Vext anticipates continued operational momentum for remainder of 2025

Result Drivers

• OHIO EXPANSION - Revenue growth attributed to expanded retail operations in Ohio

• ARIZONA PERFORMANCE - Steady performance in Arizona despite broader market decline

• RETAIL FOOTPRINT - Strengthened Ohio retail footprint with plans for eight dispensaries by 2026

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the healthcare facilities & services peer group is "buy"

Press Release: ID:nNFC4fr0xQ

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