VEXT Appoints CFO for Arizona Subsidiary, New Gen Holdings, Inc., and Grant of Stock Options and RSUs

Vest Science

Vancouver, BC, January 6, 2021 /CNW/Vext Science, Inc. (“VEXT” or the “Company”) (CSE: VEXT; OTCQX: VEXTF) a cannabinoid brand leader based in Arizona, leveraging its core expertise in extraction, manufacturing, cultivation and marketing to build a profitable multi-state footprint, announced today that it has appointed Stephan Bankosz as the Chief Financial Officer of New Gen Holdings, Inc., (“New Gen”) a wholly-owned subsidiary of VEXT based in Phoenix, Arizona with operations in Kentucky, Oklahoma, Nevada, California and Hawaii. Denise Lok remains the Chief Financial Officer of VEXT.
“I would like to personally welcome Stephan to the New Gen team in Arizona,” said Eric Offenberger, CEO of VEXT. “As we enter 2021 and prepare to execute our growth plans in an adult-use framework, and as our relationships outside of Arizona start to generate returns, Stephan’s proven background in financial management and technological innovation will be a strong addition to our growing team.”
VEXT also announced the grant of 285,000 stock options to a consultant and an officer of the Company (the “Options”), and 140,000 Restricted Stock Units to certain employees (the “RSUs”). The Options are exercisable at a price of CAD$1.22 and expire on January 6, 2031. 237,000 of the Options are fully vested, with the remaining 50,000 vesting over a 12-month period. The RSUs expire three years from the grant date and vest in an equal amount each year until expiry.

Stephan Bankosz

Mr. Bankosz has over twenty-five (25) years experience in financial management, operational control and risk management at leading manufacturing and distribution companies throughout the United States. His proven expertise in managing corporate profitability for growth companies will assist New Gen as it enters a period of significant growth as Arizona enters an adult-use framework. Mr. Bankosz holds a Bachelor’s degree in accounting and management information systems and is a Microsoft Certified Systems Engineer, with specialized certification in over 20 accounting and distribution programs.

About VEXT Science, Inc.

Vext Science, Inc. is a US-based Cannabis THC and Hemp cannabinoid products company manufacturing 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 brand. Based in Arizona, Vext Science, Inc. has one of the leading THC concentrates, edibles, and distillate cartridge brands sold in most of the state’s 100+ dispensaries. Herbal Wellness Center is one of Arizona’s leading dispensaries and we execute all aspects of the cultivation, extraction, edibles infusion and manufacturing processes which insures a product of the highest quality and purity. Product quality and purity are core to our marketing strategy. Vext Science, Inc. is executing its business growth by leveraging experience and expertise in extractions, product manufacturing, and marketing to expand in the U.S. and internationally through revenue and profit-sharing joint venture partnerships. For more information visit our website at www.VextScience.com.

For more details on the Vapen brand:
Vapen website: VapenBrands.com
Instagram: @vapen
Facebook: @vapenclear