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Vext Science Reopens Ohio Dispensary, Extends Maturity of Acquisition Notes to 2029

Vext Science Reopens Ohio Dispensary, Extends Maturity of Acquisition Notes to 2029

MT newswireMT newswire2026/09/17 21:16
05:16 PM EDT, 09/17/2026 (MT Newswires) -- Vext Science (VEXT.CN) said Thursday it reopened its Herbal Wellness Center dispensary in Jackson, Ohio, after receiving authorization from the Ohio Division of Cannabis Control. The company also said its Vapen Ohio subsidiary and certain holders of promissory notes issued in connection with its 2023 acquisitions of Appalachian Pharm Products and APP1803 agreed to restructure the notes. The restructuring would extend the maturity date of the notes to Jan. 15, 2029, Vext said. The APP Notes, issued in an original principal amount of $6.0 million, were scheduled to mature on Dec. 31, 2026, with a balloon payment of $5.6 million. Pursuant to the restructuring, $2.4 million will be paid in cash on the first business day of Jan. 2027. The APP notes held by the continuing noteholders, representing approximately $3.2 million of remaining principal, will be canceled and replaced with new promissory notes issued by Vapen Ohio, Vext said.
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