0001615774-19-008105.txt : 20190517 0001615774-19-008105.hdr.sgml : 20190517 20190517153856 ACCESSION NUMBER: 0001615774-19-008105 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20190517 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20190517 DATE AS OF CHANGE: 20190517 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Veritas Farms, Inc. CENTRAL INDEX KEY: 0001669400 STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE PRODUCTION - CROPS [0100] IRS NUMBER: 990375676 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-210190 FILM NUMBER: 19835468 BUSINESS ADDRESS: STREET 1: 1512 E. BROWARD BLVD STREET 2: SUITE 300 CITY: FORT LAUDERDALE STATE: FL ZIP: 33301 BUSINESS PHONE: (561) 288-6603 MAIL ADDRESS: STREET 1: 1512 E. BROWARD BLVD STREET 2: SUITE 300 CITY: FORT LAUDERDALE STATE: FL ZIP: 33301 FORMER COMPANY: FORMER CONFORMED NAME: SanSal Wellness Holdings, Inc. DATE OF NAME CHANGE: 20171113 FORMER COMPANY: FORMER CONFORMED NAME: Armeau Brands Inc. DATE OF NAME CHANGE: 20160314 8-K 1 s118419_8k.htm 8-K

UNITED STATES  

SECURITIES AND EXCHANGE COMMISSION 

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported):   May 17, 2019

 

Veritas Farms, Inc.
(Exact name of registrant as specified in charter)

 

Nevada   333-191251    99-0375676
(State or other Jurisdiction
of Incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)

 

1512 E. Broward Blvd., Suite 300, Fort Lauderdale, FL   33301
(Address of Principal Executive Offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (561) 288-6603  

 
(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of Company under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company 

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 

 

 

 

 

As used in this Current Report on Form 8-K, and unless otherwise indicated, the terms “the Company,” “Veritas Farms,” “we,” “us” and “our” refer to Veritas Farms, Inc. and its subsidiary.

 

Item 7.01 Regulation FD Disclosure.

 

On May 17, 2019 the Company issued a press release announcing it had filed its Quarterly Report on Form 10-Q with the Securities and Exchange Commission and disclosing selected financial results for the quarter ended March 31, 2019.

 

A copy of the Company’s press release dated May 17, 2019 is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

 

In accordance with General Instruction B.2 of Form 8-K, the information furnished pursuant to this Item 7.01, and including Exhibit 99.1 furnished herewith, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

 

Item 9.01 Financial Statements and Exhibits

 

  (d) Exhibits

 

Exhibit No   Description
     
99.1   Press Release dated May 17, 2019

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated:  May 17, 2019 VERITAS FARMS, INC.
     
  By: /s/ Alexander M. Salgado
    Alexander M. Salgado, Chief Executive Officer

   

 

EX-99.1 2 s118419_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

 

 Veritas Farms, Inc. Reports 361% Increase in First Quarter 2019 Revenues

 

Fort Lauderdale, Florida - May 17, 2019 - Veritas Farms, Inc. (OTCQB: VFRM), a vertically-integrated agribusiness focused on the production of full spectrum hemp extracts with naturally occurring cannabinoids, today announced that the Company has reported its operating results for the three months ended March 31, 2019, through the filing of its Quarterly Report on Form 10-Q with the Securities and Exchange Commission.

 

Selected Financial Highlights - 1st Quarter Ended March 31, 2019

 

Total Revenues: Up 361.2% to $1,524,930 compared to $331,416 in Q1 2018

Total Revenues: Up 58.5% to $1,524,930 compared to $961,929 in Q4 2018

Gross Profit: Up 370.3% to $627,434, compared to $133,413 in Q1 2018

Total Assets: Up 12.2% to $7,870,935, compared to $7,014,086 at Dec. 31, 2018

Total Inventory: Up 15.8% to $2,658,581, compared to $2,295,943 at Dec. 31, 2018

 

Alexander M. Salgado, CEO and co-founder of Veritas Farms, commented, “Following our record setting revenue growth in 2018, Veritas Farms has emerged as one of the leading and most trusted fully-integrated hemp companies in the country. During the first three months of 2019, the Company continued to build on that strong reputation with the successful launch of the Veritas Farms™ brand of full-spectrum hemp extract products in some of the largest traditional brick-and-mortar retailers in the country, such as CVS Pharmacy stores.”

 

“That increased acceptance from mainstream consumers and traditional retail distribution channels helped boost Veritas Farms’ sales to new record levels again and added even more momentum to the entire sector. To leverage this enormous opportunity, the Company intends to increase its already considerable cultivation and manufacturing capacities, as well as, expand its proven sales, marketing, and brand building programs.”

 

“The Company also has plans to launch two additional large-market full spectrum hemp extract product lines during the second half of the year. Both planned product lines are expected to achieve significant sales levels.”

 

Mr. Salgado concluded, “We are in a strong position for continued growth during the balance of 2019 as more people try our expanding line of Veritas Farms™ brand products each day for the first time. We are confident that our lab tested full-spectrum hemp extract products will exceed the high expectations of every consumer, health care provider, and distributor.”

 

Veritas Farms™ brand products can be found at several leading online and brick-and-mortar retailers across the United States, including select CVS Pharmacy stores.

 

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. - Investor Contact 

Toll-Free: (888) 549-7888 

E-mail: ir@theveritasfarms.com

 

Veritas Farms, Inc. - Social Media 

Instagram: www.instagram.com/veritasfarmsofficial/ 

Facebook: www.facebook.com/VeritasFarmsOfficial/ 

LinkedIn: www.linkedin.com/company/veritasfarms/ 

Twitter: www.twitter.com/theveritasfarms

 

Cautionary Language Concerning Forward-Looking Statements

 

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, including those with respect to the Company’s mission statement and growth strategy, are “forward-looking statements.” Although the Company's management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve many risks and uncertainties, which could cause the Company’s future results to differ materially from those anticipated. Potential risks and uncertainties include, among others, general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; and the ability to obtain necessary financing on acceptable terms or at all. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company’s filings with the Securities and Exchange Commission. The Company assumes no obligation to update any of the information contained or referenced in this press release.

 

 

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