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 experienced cannabis and capital markets executive Vahan Ajamian, as Chief Financial Officer of the Company. Mr. Ajamian replaces VEXT CFO Denise Lok, who has left the Company for personal reasons. Mr. Ajamian will also assume the responsibilities of Corporate Secretary from Brian Cameron.
“VEXT is currently in a period of strong growth as the Arizona adult-use market continues to develop and as we look to expand our footprint through accretive deals both within Arizona and in other limited license states,” said Eric Offenberger, CEO of VEXT. “Vahan brings deep experience both from within the cannabis industry as well as from finance and capital markets, which will enable us to continue to execute our growth strategy. I would like to personally thank Denise for all her work in bringing VEXT to this point. She has been an incredible asset and we wish her much continued success. I would also like to thank Brian Cameron, who was instrumental in establishing VEXT’s foundation early in its journey as a public company.”
Vahan Ajamian, incoming CFO and Corporate Secretary, added, “As one of the only focused Arizona operators in the public markets, VEXT is in a unique position to continue driving profitable growth and building value for shareholders through expansion both in Arizona and through relationships in other target states. I have been impressed with the foundation the Company has built and look forward to assisting in taking the Company to the next level of growth and value creation.”
VEXT has granted 100,000 stock options to Mr. Ajamian. The options are exercisable at a price of CAD$0.96 and expire 10 years from the grant date, with half vesting six months from the grant date, and the remainder vesting 12 months from the grant date.
Mr. Ajamian will continue to provide his consulting obligations with other companies in a reduced capacity.
Vahan Ajamian
Vahan Ajamian brings more than a decade and a half of capital markets experience to VEXT. He was one of the first equity research analysts to cover cannabis companies in North America and was the first analyst to cover the U.S. cannabis sector and U.S. cannabis equities. Mr. Ajamian has been a consistent expert resource for the broader media on cannabis topics and has been cited by outlets such as CBC, Marijuana Business Daily and BNNBloomberg, and was named one of the cannabis investment industry’s rising stars by Business Insider in 2018. Mr. Ajamian is a CPA, CA and a CFA® Charterholder.
