Vext Announces Upsize to Bought Deal Public Offering
VANCOUVER, BC, Jan. 13, 2021 /CNW/ – Vext Science, Inc. (CSE: VEXT) (OTCQX: VEXTF) (“VEXT” or the “Company”), is pleased to announce that it has amended the terms of its previously announced offering of units of the Company. Under the amended terms of the Offering (as defined below), Beacon Securities Limited (“Beacon”), as lead underwriter and sole bookrunner, on its own behalf and on behalf of a syndicate of underwriters (collectively with Beacon, the “Underwriters”), have agreed to purchase, on a bought deal basis, 16,100,000 units (the “Units”) of the Company at a price of $1.12 per Unit (the “Offering Price”) for aggregate gross proceeds of approximately $18 million (the “Offering”). All references to currency in this news release are to Canadian dollars.
Each Unit will consist of one common share (each, a “Subordinated Voting Share”) in the capital of the Company and one-half of one common share purchase warrant (each whole warrant, a “Warrant”) of the Company. Each Warrant will entitle the holder thereof to purchase one Subordinated Voting Share at a price of $1.40 for a period of 36 months from the Closing Date (as defined below), subject to the Accelerated Exercise Period (as defined below), after which time the Warrants will be void and of no value. If, at any time prior to the expiry date of the Warrants, the volume weighted average trading price of the Subordinated Voting Shares on the Canadian Securities Exchange (or such other stock exchange where the Subordinated Voting Shares are then listed) is greater than or equal to $2.50 for a period of 20 consecutive trading days, the Company may, in its sole discretion, provide written notice to the holders of the Warrants by way of a news release advising that the Warrants will expire at 4:00 p.m. (Toronto Time) on the 30th day following the date of such notice unless exercised by the holders prior to such date (the “Accelerated Exercise Period”). The Company intends to apply to list the Warrants on the Canadian Securities Exchange.
The Company has granted the Underwriters an option (the “Over-Allotment Option”), exercisable, in whole or in part, by Beacon, on behalf of the Underwriters, giving notice to the Company at any time and from time to time up to 30 days following the Closing Date, to purchase, or to find substituted purchasers for, up to an additional number of Units equal to 15% of the Units sold pursuant to the Offering at the Offering Price to cover over-allotments, if any, and for market stabilization purposes. The Over-Allotment Option shall be exercisable to acquire Units, Subordinated Voting Shares or Warrants (or any combination thereof), at the discretion of the Underwriters.
The proceeds raised from the sale of Units under the Offering are expected to be used by the Company for working capital and general corporate purposes. Closing of the Offering is expected to occur on or about February 3, 2021 (the “Closing Date”) and is subject to a number of conditions, including without limitation, receipt of all regulatory approvals. There can be no assurance as to whether or when the Offering will be completed.
The Offering is to be effected on a bought deal basis in each of the provinces of Canada (other than Quebec) (the “Qualifying Jurisdictions”) pursuant to a short form prospectus to be filed in each of the Qualifying Jurisdictions and by private placement to eligible purchasers resident in jurisdictions other than Canada that are mutually agreed to by the Company and Beacon, provided that no prospectus filing or comparable obligation arises and the Company does not thereafter become subject to continuous disclosure obligations in such jurisdictions.
The Units, Subordinated Voting Shares and Warrants being offered have not been, nor will they be, registered under the U.S. Securities Act and may not be offered or sold in the United States or to, or for the account or benefit of, “U.S. persons” (as those terms are defined in Regulation S under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”)) absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. The Units may be offered and sold in the United States to Qualified Institutional Buyers (as defined in Rule 144A under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”)) and to “accredited investors” (as defined in Rule 501(a) of Regulation D under the U.S. Securities Act), in each case by way of private placement pursuant to an exemption from the registration requirements of the U.S. Securities Act and pursuant to any applicable securities laws of any state of the United States. Any Units offered and sold in the United States shall be issued as “restricted securities” (as defined in Rule 144(a)(3) under the U.S. Securities Act).
This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Vext Science
Vext Science, Inc. is a vertically integrated US 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 dispensaries are among 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. Quality, accessibility and efficacy are among our most essential core values. Vext Science, Inc. continues to grow and expand throughout the U.S. and internationally, by utilizing its knowledge, experience and expertise in extractions, product manufacturing, and marketing, including through various revenue and profit-sharing joint venture partnerships. For more information visit our website at www.VextScience.com.
COVID-19 Risk Factor
VEXT may be impacted by business interruptions resulting from pandemics and public health emergencies, including those related to COVID-19. An outbreak of infectious disease, a pandemic, or a similar public health threat, such as the recent outbreak of COVID-19, or a fear of any of the foregoing, could adversely impact VEXT by causing operating, manufacturing, supply chain, and project development delays and disruptions, labor shortages, travel, and shipping disruption and shutdowns (including as a result of government regulation and prevention measures). It is unknown whether and how VEXT may be affected if such a pandemic persists for an extended period of time, including as a result of the waiver of regulatory requirements or the implementation of emergency regulations to which VEXT is subject. Although certain VEXT facilities have been deemed essential and/or have been permitted to continue operating during the pendency of the COVID-19 pandemic, there is no assurance that all of the Company’s operations will be deemed essential and/or will continue to be permitted to operate. VEXT may incur expenses or delays relating to such events outside of its control, which could have a material adverse impact on its business, operating results, financial condition, and the trading price of the Subordinated Voting Shares or any other securities of VEXT.
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Visit our community site for vetted suppliers at http://theCBD.place. It’s time that this subject was given more internet exposure. We are here to discuss topics related to medical marijuana and our experiences using CBD. Please do not assume that anyone here is a medical professional.
William O’Shaughnessy & The Start of Cannabis Medicine
The idea of medicinal marijuana has blossomed out in the last several years, opening up new markets, changing regulatory restrictions and legal mandates, and showing that popular opinion can easily change over time. How it started in the first place is not a story known to all. In fact, most people have no idea that […]
The post William O’Shaughnessy & The Start of Cannabis Medicine appeared first on CBD Testers.
The idea of medicinal marijuana has blossomed out in the last several years, opening up new markets, changing regulatory restrictions and legal mandates, and showing that popular opinion can easily change over time. How it started in the first place is not a story known to all. In fact, most people have no idea that it was an Irishman named William O’Shaughnessy who brought cannabis medicine to the Western world.
The world of legal cannabis is ever-changing, with new innovations and products coming out all the time. One of the more exciting additions to the world of marijuana is the inclusion of delta-8 THC. This newest THC compound gives users less psychoactive effects and less anxiety, while still offering a host of medical and recreational benefits. It just so happens we have some great Delta-8 THC deals, for you to go ahead and give it a shot! Judge for yourself if this is a superior form of THC.
Cannabis in history
Before getting into recent history, let’s go back to ancient times. The history of cannabis use as a medicine goes back thousands of years with tons of natural medicine traditions using the plant all over the world for different purposes. In Ayurveda it was used to increase appetite and digestion; to decrease diarrhea, as well as other gastrointestinal issues; as an anti-spasmodic and anti-convulsant; for nervous system issues; skin infections; as an aphrodisiac, or to calm sexual feelings (in later stages of the application); issues with genital and urinary tract function; respiratory issues; infectious diseases; and a host of other problems. If you look at what’s being covered here, it includes ailments of nearly every kind that were being treated by cannabis.
In Traditional Chinese Medicine, cannabis seeds were used as laxatives – although they were simultaneously used to help stop diarrhea, to alleviate thirst, and relieve flux. If it seems weird that cannabis was employed for opposing issues (constipation and diarrhea), this could be explained by a normalization effect on a person’s liver. Repeated vomiting was also treated with cannabis seeds, and regular use of these seeds was said to “render the flesh firm, and prevent old age.”
The Chinese also supposedly used cannabis as an antidiabetic by boiling the seeds in water to make a paste. Cannabis was used for skin ailments, ulcers, wounds, hair loss, and diseases of the lymph nodes which included degenerative, incurable, and intractable illnesses. These are just some examples of how Traditional Chinese Medicine used cannabis. Though many texts have not been made available to the English-speaking world, it is known that cannabis was used in medical applications for at least 1,800 years, and possibly as long as 4,000 years.
CBD and libido: can CBD improve your sex life?
Thanks to its long list of wellbeing-boosting benefits, CBD is one of the most popular supplements on the market today. But can CBD help you have better sex? It certainly looks that way! In a large survey by Remedy Review, 68% of people said that taking CBD improved their sexual experiences. Scientific research into CBD […]
Thanks to its long list of wellbeing-boosting benefits, CBD is one of the most popular supplements on the market today. But can CBD help you have better sex?
It certainly looks that way! In a large survey by Remedy Review, 68% of people said that taking CBD improved their sexual experiences. Scientific research into CBD and sex is still in its early days, but the research we do have seems to agree.
In this article, we’ll explore several ways that CBD can improve your sex life, from getting you in the mood to solving your sexual issues. We’ll also take a look at the science behind these claims, starting with a quick explainer of how CBD works…
How does CBD work?
In the 1990s, scientists discovered that we have a large, complex system called the endocannabinoid system (ECS). It keeps the body in a state of balance, regulating everything from sleep, temperature, pain, appetite, and reproduction.
The ECS is controlled by a network of chemical messengers called endocannabinoids – that is, cannabinoids that are produced endogenously, or internally. They travel around the body, acting on receptors that tell the ECS to take action.
CBD, or cannabidiol, is one of many chemicals in the hemp plant. It’s extracted from the oil of the plant and used to make CBD consumables, like oils, capsules and creams. CBD is also a cannabinoid, and just like your own endocannabinoids, it can act on ECS receptors in your body.
Researchers have found large concentrations of ECS receptors in the reproductive organs. We’re not sure exactly how CBD interacts with those receptors yet, we just know that it does!
In the meantime, there’s lots of anecdotal evidence – and some scientific support — for the benefits of CBD. In this next section, we’ll explain some of those benefits and what the research says so far.
CBD and libido
Your libido, or your sex drive, is your desire to have sex. Some people just have a naturally higher sex drive than others, but if you find that yours is lower than normal, CBD may be able to help get you back in the saddle, so to speak!
Anecdotally, lots of CBD fans claim that it gets them in the mood. The scientific evidence is a little thin; we know that cannabis activates the part of your brain that controls sexual arousal, but we don’t know if this is specifically because of CBD, or because of other chemicals like THC. Therefore, we can’t say for sure whether you’d get the same benefits from taking CBD alone.
One way CBD definitely can help your libido, though, is by relieving stress and anxiety. Sex can trigger lots of different worries around everything from body hang-ups to performance pressure to traumatic experiences. Your sex drive can also be affected by anxiety conditions like Generalised Anxiety Disorder (GAD), or by worries outside of the bedroom, like work, illness, or money troubles.
Study after study after study shows that CBD can reduce anxiety. The US National Institute on Drug Abuse agrees, stating that CBD reduces the signs of anxiety and stress. This is most likely because it calms the central nervous system, specifically the parts responsible for emotional regulation.
CBD and pleasure
Not only could CBD get you in the mood for sex, it can potentially make it more enjoyable, too. CBD improves blood flow and nerve sensation, with some experts claiming that this makes for more pleasurable sex and better orgasms. The Remedy Review survey seems to back this up, with the majority of those who took CBD for sex reporting that their orgasms were more intense.
CBD is also proven to boost levels of a neurotransmitter called anandamide. Also called the “bliss molecule”, it works closely with a hormone called oxytocin to make sex feel rewarding and pleasurable. Oxytocin is also responsible for feelings of satisfaction and romantic attachment.
CBD as a lubricant
Some women experience dryness that can make sex uncomfortable or even painful. A lubricant can make sex easier and more enjoyable, and now many brands are adding CBD, too.
Of course, lube works just fine on its own, so why add CBD? The theory is that because it stimulates blood flow and improves sensation, it can also encourage the body to produce more of its own natural lubrication. It’s also a natural anti-inflammatory, which might alleviate any discomfort.
CBD and erectile dysfunction
Erectile dysfunction is the medical term for difficulty either getting or maintaining an erection. The occasional failure to launch is usually nothing to worry about, but if it’s happening all the time and it’s interfering with your sex life, then CBD may be able to help.
The cannabis plant, from which CBD oils and other products are made, has been used in Ayurvedic medicine for thousands of years to improve sexual performance and function. We’re not exactly sure how CBD helps, but we do know that it reduces blood pressure, improves circulation, and promotes blood flow to the genitals – all essential for getting and keeping an erection.
CBD and pain
For some people, sex is often associated with pain. That can come from sexual problems like vaginismus, where the muscles of the vagina involuntarily contract to prevent penetration, or dyspareunia, where a woman experiences pain during or after sex. It can also be related to painful gynaecological conditions, like endometriosis or polycystic ovarian syndrome (PCOS), or even general health problems. The pain often leads to anxiety around sex, which can make any difficulties even worse.
We already know that CBD relieves anxiety, which can help people feel more physically and mentally relaxed when it comes to sex. Relaxation is especially helpful for conditions like vaginismus and dyspareunia, as it can help resist the urge to tense up. There’s not much research into the topic, but anecdotally, lots of women report that taking CBD oil or capsules, or using CBD topically in a lubricant, helps to ease their symptoms.
If you suffer from any condition that causes you pain, sexual or otherwise, it can have a significant impact on your sex drive and your enjoyment of sex. Thanks to CBD’s anti-inflammatory effects, lots of people report that it helps them to manage chronic pain. And unlike some of CBD’s sexual benefits, we have lots of research on pain to support the anecdotal evidence.
How to use CBD for sex
There are lots of ways to use CBD for sex. To improve libido, relieve anxiety, or promote a feeling of relaxation, go for CBD oils, capsules or edibles, like CBD gummies. For dryness or pain, choose a topical CBD lubricant. And if you want to set the mood or incorporate CBD into the main event itself, try one of the many CBD massage oils on the market.
Remember that it takes a little time for CBD to take effect. Vaping is the quickest as it goes into the bloodstream directly from the lungs. Oils and tinctures are not far behind; they’re absorbed via the blood vessels under your tongue and take around 30 minutes to kick in. Capsules and edibles have to go through your digestive system, and topicals have to be absorbed through your skin, so all of these methods take a little longer.
All that to say: you’ll get best results if you use your CBD of choice at least 30 minutes before you hit the bedroom. Obviously it’s not always possible (or particularly sexy) to plan ahead for sex, and it’s not exactly practical to lube up an hour in advance! So you might want to think about, for example, taking a few drops of CBD oil an hour before and then using a CBD lubricant in the moment. If you do mix products, though, be careful to pay attention to your overall dose.
How much CBD should I take?
Whether you choose capsules, creams or oils, the dosage per serving will be listed clearly on the packaging. If you’ve never used CBD before, around 10-20mg is a good starting dose. Wait at least a few hours to see how it affects you, and if you feel comfortable, then stick with that dose or increase it slightly.
Keep working your way up slowly like this until you achieve the desired effects. If you start to feel any uncomfortable side effects, drop back down to the last comfortable dose and stick with it.
Is CBD safe for sex?
Yes, for most people. We’re not aware of any serious side effects from CBD, although it can interfere with some medications. If you’re taking medication and/or you have an existing health condition, it’s best to check with your doctor first.
Topical CBD products like creams and massage oils often contain other ingredients, like moisturisers or plant extracts. These can cause skin reactions for some people, so if you have sensitive skin or if you suffer from allergies, check the label carefully.
Lubricants are usually designed with intimate skin in mind, but again, check the label to make sure there are no irritants, allergens, or unnecessary ingredients. Generally, the fewer ingredients you’re putting down there, the better!
A word of caution: because CBD is still being studied, experts aren’t entirely sure how it affects fertility. Anecdotally, it seems to be safe, but we just don’t have the scientific evidence yet to say for sure. If you’re trying for a baby, or you’re considering it in the near future, it’s wise to speak to your doctor before using CBD.
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