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Vext Reports Q2 2026 Financial Results ; Opens Sixth Ohio Dispensary , Completes Arizona Cultivation Wind - Down ; Adjusted EBITDA Grows for Second Consecutive Quarter • Revenue of $ 12.1 million , level with Q1 2026 , as Ohio growth offset the planned Arizona cultivation wind - down . • Adjusted EBITDA * of $ 3.4 million , up 22 % from Q1 2026 ; net loss narrowed 79 % year - over - year to $ ( 0.3 ) million . • • Operating cash flow of $ 1.2 million after a deliberate Ohio inventory build expected to support growth in the second half of the year . Opened Fairfield , the sixth Ohio dispensary ; completed the Arizona cultivation wind - down ; Eloy property nowheld for sale , with proceeds to reduce secured debt . Vancouver , British Columbia -- ( Newsfile Corp. - August 20 , 2026 ) - Vext Science , Inc. ( " Vext " or the " Company " ) ( CSE : VEXT ) ( OTCQX : VEXTF ) , a U.S. - based specialty retailer operating in the regulated cannabis markets of Ohio and Arizona , today reported its financial results for the period ended June 30 , 2026. All currency references used in this news release are in U.S. currency unless otherwise noted . Summary Financial Results ( in thousands of US dollars ) Sales EBITDA Adjusted EBITDA Adjusted EBITDA Margin ( % ) * Net cash provided by operating activities Cash Flow Margin ( % ) * $ $ $ Q2 2026 12,123 $ 4,776 3,435 $ Q1 2026 Q2 2025 12,161 $ 13,407 $ 4,146 $ 5,263 2,815 ** $ 4,001 ** 28.3 % 23.1 % ** 29.8 % ** $ 1,182 $ 1,615 $ 4,175 10 % 13 % 31 % Year - over - year comparisons reflect the wind - down of Arizona cultivation and wholesale activity : wholesale revenue was $ 1.4 million in Q2 2026 versus $ 2.6 million in Q2 2025 , while retail revenue was essentially unchanged at $ 10.7 million versus $ 10.8 million . * See " Non - IFRS Financial Measures " below for more information regarding Vext's use of non - IFRS financial measures and other reconciliations . ** See " Re - Statement of Financial Information " below for more information regarding the nature and substance of the change in previously disclosed financial information . Second Quarter 2026 Operational Highlights • Retail footprint grew to six Ohio dispensaries . Fairfield opened in June , Vext's seventh Ohio dispensary is expected to open in Columbus by Q1 2027 , and the Company remains on track to reach the state cap of eight in 2027 . • Customer traffic responded to sharper pricing . Cannabis consumers buy on price and value . As disciplined merchandisers , we drive volume and conversion through aggressive everyday pricing , leveraging our low cost structure to expand market share while protecting operating margins . After pricing was sharpened in May , Central Phoenix posted its highest monthly customer count since October 2023 in June and the Company's operating dispensary in Columbus , Ohio weekly volumes hit first - half highs . • Ohio yields improved to approximately 101 grams per plant . Vext stocks its own Ohio shelves , so higher yields lower the cost of goods and help fund its retail price position .