Veritas Farms, Inc.

Veritas Farms, Inc.

VFRM
Veritas Farms, Inc.US flagOther OTC
0.00
USD
- -
- -
16,388.00Market Cap
2016 Y
2016 Y
2017 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
TTM
Revenue per Share
- -
0.01
- -
0.08
0.11
0.21
0.15
0.07
0.03
0.01
Basic EPS, GAAP
- -
-0.1
- -
-0.17
-0.19
-0.32
-0.18
-0.17
-0.13
-0.11
Free Cash Flow per Basic Share
- -
-0.29
- -
-0.16
-0.24
-0.39
-0.07
-0.11
-0.09
-0.03
Dividend per Share
- -
0.01
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
- -
- -
-0.01
-0.27
-0.4
-0.55
-0.63
-0.78
-0.95
-0.75
Tangible Book Value per Share
- -
- -
- -
0.21
0.31
0.35
0.18
0.11
-0.02
-0.04
Basic Weighted Avg Shares
14
15
13
15
20
35
43
43
42
58
Sales/Revenue/Turnover
- -
- -
- -
1
2
7
6
3
1
1
Operating Margin (%)
- -
-1,875.08
- -
-119.58
-211.85
-152.63
-119.87
-252.1
-514.01
-670.6
Depreciation Expense
- -
- -
- -
- -
- -
- -
1
- -
- -
- -
Net Income, GAAP
- -
-1
- -
-2
-4
-11
-8
-7
-5
-6
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
- -
-1,912.75
- -
-220.15
-184.42
-152.88
-121.95
-243.18
-483.86
-787.27
Working Capital
- -
- -
- -
- -
2
7
3
2
- -
-2
LT Debt
- -
- -
- -
- -
- -
- -
1
2
4
4
Total Equity
- -
- -
- -
3
6
12
8
5
-1
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Mar'23
Jun'23
Sep'23
ST Debt
- -
- -
- -
LT Borrowings
4
3
4
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
42
42
164
Market Capitalization
3
2
3

Working Capital

FRC

in mil. unless spec.
Mar'23
Jun'23
Sep'23
Total Current Assets
3
2
3
Cash, Cash Equivalents & STI
- -
- -
- -
Accounts Receivable, Net
- -
- -
- -
Inventories
2
2
2
Total Current Liabilities
3
4
4
Payables & Accruals
3
3
4
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
1.89%
-112.56%
Free Cash Flow
- -
50.87%
-19.31%
Net Income, GAAP
- -
36.18%
-27.22%
Sales/Revenue/Turnover
- -
41.16%
-63.42%
Total Cash Common Dividend
- -
- -
104.26%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
1
1
1
1
3
2022
- -
- -
- -
- -
1
2023
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
-0.03
-0.02
-0.04
- -
-0.17
2022
-0.03
-0.02
-0.03
- -
-0.13
2023
-0.02
-0.04
-0.01
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
- -
- -
- -
- -
- -
2022
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Thomas E. Vickers
Full Time Employees
17
Sector
Basic Materials
Industry
Chemicals
Address
401 E. Las Olas Boulevard Fort Lauderdale FL United States of America 33301
IPO Date
Jun 16, 2017
Business
Veritas Farms, Inc. (VFRM) operates as a vertically integrated agribusiness focused on growing, producing, marketing, and distributing full spectrum hemp oils and extracts containing naturally occurring phytocannabinoids. The company offers an extensive portfolio of hemp-derived wellness products, including vegan capsules, softgels, gummies such as Peaceful Mind De-Stress and CBD Melatonin for Sleep with CBN, tinctures and drops, lotions, salves, creams, balm sticks, lip balms, vape oils, oral syringes, and pet chews and tinctures in flavors like bacon, chicken, and natural; it also provides bulk, white label, and private label custom formulations for distributors and retailers. Products target health and wellness segments including stress relief, sleep support, muscle and joint relief, immunity, heart health, energy, and pet care, with all items third-party tested for quality and potency. Veritas Farms owns and operates a 140-acre farm in Pueblo, Colorado, equipped with 15,000 square feet of climate-controlled greenhouses for year-round indoor hemp cultivation and a 10,000 square-foot onsite facility for processing, oil extraction, formulation laboratories, and quality testing, enabling control over the full production chain from cultivation to bottling. Founded in 2011 and headquartered in Fort Lauderdale, Florida, the company conducts operations primarily in the United States, distributing through over 8,000 retail locations, e-commerce, and partnerships with major chains. In recent developments, Veritas Farms appointed Jeremy White as Chief Executive Officer effective March 17, 2025, bringing expertise from leadership roles at Four Sigmatic, Belcampo Meat Company, and Country Archer Provisions to drive wellness strategy execution. The company completed the acquisition of ASYSTEM and ASYSTEM Labs in August 2023, integrating science-forward supplements for pain relief, anti-anxiety, sleep, productivity, libido, and men's health to expand beyond CBD into the broader wellness market via a roll-up approach. Additional initiatives include expanded retail partnerships with Kroger family stores across 27 states and 1,200+ locations for hemp oil cosmetics like hyaluronic day cream and muscle relief sports cream, a retail distribution test with Limelight Kiosks, and new functional product lines targeting specific health conditions.

Company News

APIChatGPT
  • Veritas Farms Acquires ASYSTEM and ASYSTEM Labs as Part of Growth Strategy to Build the Next Generation of Innovative Wellness Brands

  • Veritas Farms Announces Securities Purchase Agreement, Resignation of Current CEO and Appointment of New CEO

  • Veritas Farms Announces Launch of Their New Sleep Support Product -- 1000mg Chamomile PM Tinctures