Vext Science Q2 adjusted EBITDA rises on Ohio expansion
Vext Science Q2 adjusted EBITDA rises on Ohio expansion
Overview
US cannabis retailer's Q2 revenue was flat yr/yr as Ohio growth offset Arizona wind-down
Adjusted EBITDA rose 22% from Q1 2026, net loss narrowed 79% yr/yr
Company opened sixth Ohio dispensary, completed Arizona cultivation wind-down, Eloy property held for sale
Outlook
Company expects second-half growth driven by Fairfield dispensary and Ohio retail momentum
Proceeds from Eloy property sale expected to be used to reduce secured debt
Company remains on track to reach eight Ohio dispensaries by 2027
Result Drivers
OHIO RETAIL EXPANSION - Co said Ohio dispensary growth and improved yields helped offset Arizona declines
ARIZONA CULTIVATION WIND-DOWN - Co completed exit from Arizona cultivation, shifting Phoenix dispensaries to third-party sourcing to protect margins
SHARPER PRICING - Co said more aggressive pricing in May drove higher customer traffic at key locations
Company press release: ID:nNFCjGsZq
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| $12.12 mln | $12.80 mln (2 Analysts) |
Q2 Adjusted EBITDA |
| $3.44 mln | $3.65 mln (2 Analysts) |
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"
Wall Street's median 12-month price target for Vext Science Inc is C$0.40, about 42.9% above its August 19 closing price of C$0.28
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)