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Vext to close Arizona Eloy facility, sell assets, and expand Ohio cultivation to boost profitability and cash flow.

Company Fundamentals
30 Mar 2026
Newsfile Corp
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Bullish
pluang ai news

Vext Science announced plans to close and sell its Eloy cultivation facility in Arizona due to market oversupply and pricing pressures, aiming to improve profitability and reduce debt. The company will redeploy key equipment to expand its Jackson cultivation facility in Ohio, where adult-use cannabis sales are growing strongly. This strategic shift will cut costs, improve cash flow, and support Vext's expanding retail footprint in Ohio. Financial results for Q4 and fiscal 2025 will be released on April 23, 2026.

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Sodexo wins major global catering contract with Meta for 130+ sites in 30+ countries

Sodexo wins major global catering contract with Meta for 130+ sites in 30+ countries

Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...

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XRP price rises 4% amid market rebound, eyeing potential 20% gain if resistance breaks

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XRP surged about 4% to $1.11 following a broader crypto market rebound triggered by softer U.S. inflation data. Technical signals suggest a bullish inverse head and shoulders pattern, with potential for a 20% price increase if XRP breaks the $1.12–$1...

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Revolut gets preliminary UAE crypto license, expands services while removing USDT in Europe by August

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4 hours ago
Rotork agrees to £4.1bn takeover by Swiss firm ABB, offering 73% premium to shareholders.

Rotork agrees to £4.1bn takeover by Swiss firm ABB, offering 73% premium to shareholders.

Rotork PLC has accepted a £4.1 billion takeover bid from Swiss engineering group ABB, offering shareholders 506p per share, a 73% premium over the previous closing price. The acquisition will enhance ABB's industrial automation business by adding Rot...

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Alexandria Real Estate Equities faces sharp stock drop amid high vacancy in life science hubs.

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Alexandria Real Estate Equities (ARE) is struggling with oversupply and vacancy rates exceeding 30% in key life science markets like Boston, San Francisco, and San Diego. This has caused an 80% decline in its stock price from its peak. The company's ...

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