Vext Science, Inc. Announces Earnings Results for the Second Quarter Ended June 30, 2021
August 24, 2021 at 06:56 am EDT
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Vext Science, Inc. announced earnings results for the second quarter ended June 30, 2021. For the quarter, the company reported net income after taxes of $1,792,448 against $556,397 a year ago. Revenue was $9,375,774 against $6,736,723 a year ago. Earnings per common share, fully diluted were $0.01 against 0.01 a year ago.
Vext Science, Inc. is a cannabis operator. The Companyâs expertise spans from cultivation through to retail operations in markets of Arizona and Ohio. It manufactures 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 and Herbal Wellness brands. It has THC concentrates, edibles, and distillate cartridge brands sold in various states dispensaries. It owns and operates cultivation facilities, fully built-out manufacturing facilities as well as dispensaries in both Arizona and Ohio. Additionally, it provides management, advisory, cultivation, and dispensary services to entities in the cannabis field through joint operations agreements. It also sells CBD products and branded merchandise. Vapen Brands product is the wholesale product and sold in its dispensaries. Vapen Brand is an edible and concentrate brand. The Company also owns cannabis dispensary in Columbus, Ohio.