Veritas Farms’ Trading Symbol Reverts Back to VFRM; Company to Undertake Corporate Awareness Campaign
Fort Lauderdale, Florida, Oct. 24, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Veritas Farms, Inc. (OTCQB:VFRM) (“Veritas Farms” or the “Company”), a vertically integrated agribusiness focused on the production of full spectrum hemp oil products with naturally occurring cannabinoids, is pleased to announce that the Company’s shares have reverted back to trading under the symbol “VFRM” and that the Company is undertaking a corporate awareness campaign to raise its profile in the investment community.
As the twenty (20) business day period following the implementation of Veritas Farms one-for-four reverse split has ended, the Company’s trading symbol has reverted back to VFRM from VFRMD in connection with applicable rules and regulations. As previously announced, the Company undertook the reverse stock split in order to improve its capital structure and position Veritas Farms common stock for an eventual uplisting to a national securities exchange.In conjunction with the transition back to its VFRM symbol the Company has plans to undertake a corporate awareness campaign to raise its profile in the U.S. domestic investment community. In this regard, the Company has engaged Winning Media, LLC (“Winning Media”) to provide Veritas Farms with a breadth of targeted digital media and corporate brand recognition initiatives.Winning Media, based in Houston, Texas, specializes in the use of digital distribution and corporate branding services to enhance corporate visibility and retail investor awareness and will handle specific functions of digital distribution of public information relating to the Company.CEO and co-founder Alexander Salgado commented, “Now that we have completed our reverse stock split and returned to our normal symbol, we are ready to enhance our corporate brand visibility to investors and potential customers with the assistance of Winning Media.”Winning Media and its principals do not have any direct or indirect equity interest in the Company and will not receive any such equity interest as compensation for their services.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 owns and 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 FarmsTM brand and manufactures private label products for a number of leading distributors and retailers.Veritas FarmsTM brand full spectrum hemp oil products include vegan capsules, tinctures, formulations for sublingual applications and infused edibles, lotions, salves, and oral syringes in a variety of size formats and flavours. All Veritas FarmsTM 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.Veritas Farms, Inc. – Investor Contact