This Cannabis Co With Significant Growth Potential And Other Hot Weed Stocks Soon To Report Earnings, What Investors Need To Know Now
Vext
Vext Science, Inc. (CSE:VEXT) (OTCQX:VEXTF), a cannabis operator with vertical operations in Arizona and Ohio, said it will release its financial results for the second quarter ended June 30, 2024, before the market opens on Tuesday, Aug. 20, 2024. A conference call and webcast will take place on the same day at 08:00 am Eastern Time.
Pablo Zuanic, senior analyst at Zuanic & Associates recently initiated coverage of Vext Science with an Overweight rating, highlighting the company’s significant growth potential. As highlighted by Benzinga’s Nicolás Jose Rodriguez, Zuanic calculated that Vext has the most EBITDA torque among the twelve public multi-state operators (MSOs) in Ohio, projecting Vext’s EBITDA could grow six-fold by calendar 2026, taking calendar 2023 as the base year.
Recreational marijuana sales launched across Ohio on Tuesday, Aug. 6. Zuanic’s projections are for the Ohio market to reach a $1.85 billion annual run rate by the end of 2025 and $2.36 billion by the end of 2026.
In May, the company reported …