Vext Science, a U.S.-based cannabis operator with vertical operations in Arizona and Ohio, announced that the Herbal Wellness Center cannabis dispensary in Portsmouth, Ohio officially opened to the public.
It's the company's fifth retail location in the state, and it includes a drive-thru for added convenience.
The dispensary was granted a provisional license by the Ohio Division of Cannabis Control. The company expects to bring additional locations online through the remainder of 2025 and into early 2026.
"Portsmouth is an important addition to our Ohio footprint and a clear example of our commitment to building a scaled, efficient retail platform across the state. We're already seeing strong validation of our retail-focused model through record financial results in the first quarter of 2025, building on momentum from a strong fourth quarter in 2024. Our vertically integrated platform is designed to drive consistent cash flow by efficiently getting product onto our own shelves. With each new store, that strategy is gaining traction. I would like to thank our Ohio team and construction partners for their swift execution in bringing this location online and we look forward to serving the Portsmouth community. Ohio remains a key growth engine for Vext, and we're confident in our ability to drive long-term shareholder value as we continue to scale," said Vext CEO Eric Offenberger.
With full vertical integration in Ohio, including a Tier I cultivation facility, a manufacturing facility, and now five operational dispensaries, Vext is well positioned to drive margin expansion and free cash flow as it continues to scale its retail footprint and serve both medical and adult-use consumers.
