VFRM - Veritas Farms Provides Farm to Table CBD Products
Veritas Farms (OTCQB: VFRM) is a lesser-known CBD play that offers quite a strong opportunity. The company was founded in 2015 and has quickly become a contender in the CBD space. The work that the company has done over the years has given it a strong foundation to take advantage of the CBD market in the United States that’s emerging as a result of the 2018 Farm Bill.
There are a few key reasons that the company is well positioned for growth within the U.S. CBD market. The first of these reasons is its location. Most of the companies that we see in cannabis and CBD are Canadian. As a result, if they want to tap into the U.S. CBD market, they will either have to partner with U.S.-based companies, deal with a complex import process, or set up shop in the United States to produce their products.
This is not a problem for VFRM. The company is headquartered in Colorado. So, import struggles or a need to set up shop, or a need to partner with a company in another country, are off of the table. Moreover, the company has dealt with and has a deep understanding for the regulatory process in this market.
Another key benefit that the company has over its competitors is that it is a seed to sale player. While there are other U.S.-based companies in the CBD space, few handle the process from seed to sale.
The company owns and operates a 140-acre production facility. It has its own clones, cultivates its own hemp, processes the hemp into high-quality CBD and uses the CBD to produce products that are represented by more than 20 skus currently on the market. This allows Veritas Farms the ability to have full control over quality as well as cut out middle-man costs associated with the purchase of hemp or CBD for use in CBD-infused products that are already being used in spas and sold in stores.
All in all, while the company is a relatively small player, it has set the foundation for one of two things to happen. First and foremost, the company could experience strong organic growth as the US CBD market emerges. With a market cap of under $50 million, combined with the foundation that it has set as a full-spectrum player in the CBD space, makes it a potential takeover target for larger players that are looking to enter this space.
For additional information regarding Veritas Farms, Inc. and to purchase product online, visit www.theveritasfarms.com
About Veritas Farms, Inc.
Veritas Farms, Inc. (OTCQB: VFRM) is a vertically integrated agribusiness focused on producing superior quality, whole plant, full spectrum hemp oils and extracts containing naturally occurring cannabinoids. The Company currently operates a 140-acre farm and production facilities in Pueblo, Colorado, and is registered with the Colorado Department of Agriculture to grow industrial hemp. The Company markets and sells products under its Veritas Farms™ brand and manufactures private label products for a number of leading distributors and retailers.
Veritas Farms™ brand full spectrum hemp extract products include vegan capsules, tinctures, formulations for sublingual applications and infused edibles, lotions, salves, and oral syringes in a variety of size formats and flavors. All Veritas Farms™ brand products are third-party laboratory tested for strength and purity. The Company files periodic reports with the Securities and Exchange Commission, which can be viewed at www.sec.gov.
For additional information and online product purchase, visit www.theveritasfarms.com
Veritas Farms, Inc. - Social Media
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Facebook: www.facebook.com/VeritasFarmsOfficial/
LinkedIn: www.linkedin.com/company/veritasfarms/
Twitter: www.twitter.com/theveritasfarms