VEXT SCIENCE INC by Vext Science Inc. Earnings & Forecasts - Benzinga

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VEXT SCIENCE INC by Vext Science Inc.

VEXTFOTCQX

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$0.1450

-0.0164-10.16%

Last update: Nov 12, 4:00 PM

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Earnings & Guidance News

85% Of Cannabis Companies Report Positive Earnings, But Not All Are Winning - See Who's Leading

85% of the companies analyzed by Beacon Securities achieved positive adjusted EBITDA for the quarter, an increase from 81% in Q2.

Nicolás Jose Rodriguez

Ohio's Weed Enthusiasts Help This Cannabis Company's Bottom Line: 165% YoY Increase In Q3 Adjusted EBITDA

Cannabis operator with vertical operations in Arizona and Ohio Vext Science, Inc. (CSE: VEXT) (OTCQX: VEXTF) reported on Thursday its financial results for the period ended Sept. 30, 2024. "Vext's performance in the third quarter of 2024 was a testament to the team's disciplined execution amid persistent macroeconomic headwinds," Eric Offenberger, CEO of Vext, said. "Our solid Adjusted EBITDA results reflect both the transition to adult-use sales in Ohio, as well as our focus on maintaining strict cost control. Despite a challenging economic climate and typical third-quarter seasonality and pricing pressures in the Arizona market with the ongoing supply-demand imbalance, we're pleased to report that our economic unit volumes remain strong."

Jelena Martinovic

Cannabis Co With Significant Growth Potential And Other Marijuana Operators Will Soon Report Earnings

Ispire Technology Inc. (NASDAQ: ISPR) will host its earnings conference call at 8:00 am Eastern Time on Tuesday, Nov. 12, 2024, to discuss the company's financial results for its fiscal first quarter ended Sept. 30, 2024. Gold Flora will report financial results for the third quarter ended Sept. 30, 2024, on Thursday, Nov. 14, 2024.Vext will release its financial results for the third quarter ends Sept. 30, 2024, before the market opens on Nov. 21.

Jelena Martinovic

$1B In 26 Days: This Marijuana Company Is Capitalizing On Ohio's Cannabis Surge

Senior analyst Pablo Zuanic noted In the first 26 days, total weed sales in Ohio reached $75.6M, implying an annualized run rate of $1.06B.

Nicolás Jose Rodriguez

Vext Cannabis Co.'s Q2 Revenue Drops Over 8% YoY, But Top Cannabis Analyst Sees Ohio Market As Major Growth Driver

Vext Science, Inc. (CSE: VEXT) (OTCQX: VEXTF) reported its second-quarter financial results for the period ended June 30, 2024. The company reported a year-over-year drop in revenue from $9.2 million in the second quarter of fiscal 2023, to $8.4 million in this year's corresponding period. As a company with vertical operations in Arizona and Ohio, it is expected to benefit from the recent launch of recreational cannabis sales in the Buckeye State. Vext secured Certificates of Operation for the dual licensing of its cultivation and manufacturing facility as well as its operated dispensaries in Jackson and Columbus and received approval from the Ohio Division of Cannabis Control to begin selling adult-use cannabis in August.

Jelena Martinovic

This Cannabis Co With Significant Growth Potential And Other Hot Weed Stocks Soon To Report Earnings, What Investors Need To Know Now

Vext Science, Inc. (CSE: VEXT) (OTCQX: VEXTF), a cannabis operator with vertical operations in Arizona and Ohio, said it will release its financial results for the second quarter ended June 30, 2024, before the market opens on Tuesday, Aug. 20, 2024. A conference call and webcast will take place on the same day at 08:00 am Eastern Time. Auxly Cannabis Group Inc. (TSX: XLY) (OTCQB: CBWTF) will report earnings results for its second quarter ended June 30, 2024, on Thursday, Aug. 15, 2024, before the financial markets open.Cannabinoids-focused MediPharm Labs Corp. (TSX: LABS) (OTCQB: MEDIF) (FSE: MLZ) will release its second quarter financial results for the period ended June 30, 2024, before markets open on Wednesday, Aug. 14, 2024. A conference call and audio webcast will take place the same day at 8:30 am Eastern Time.

Jelena Martinovic