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Close of 5 Nov 2026, in USD
About Veritas Farms
Its shares trade under the ticker VFRM. It has been listed since 20 October 2016. In the fiscal year to 31 December 2023, it reported revenue of $883,654 and a net loss of $5.8m.
Veritas Farms, Inc. focuses on producing, marketing, and distributing phytocannabinoid- industrial hemp oils and extracts to distributors and retailers. The company is headquartered in Fort Lauderdale, Florida. The company went IPO on 2016-10-20. The firm is focused on producing whole plant, broad spectrum phytocannabinoid hemp oils and extracts. The Company’s products include vegan capsules, tinctures, formulations for sublingual applications and infused edibles, lotions, salves, vape oils and pre-filled vape cartridges, and oral syringes. Many of the Company's whole-plant hemp oil products and formulations are available for purchase direct from SanSal Wellness and through numerous online and retail outlets.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- N/A
- Industry
- N/A
- Listed since
- 20 Oct 2016
- Employees
- 72
- Website
- theveritasfarms.com ↗
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Veritas Farms Inc has several strengths that contribute to its success in the market. Firstly, the company has a strong brand reputation, known for its high-quality and organic CBD products. This positive image enhances consumer trust and loyalty.
- Secondly, Veritas Farms Inc controls its entire supply chain, from seed to sale. This vertical integration allows the company to maintain quality control, reduce costs, and ensure consistent product availability. It also grants them a competitive edge over companies relying on third-party suppliers.
Weaknesses
- Despite its strengths, Veritas Farms Inc faces certain weaknesses that may hinder its growth. One prominent weakness is its relatively limited market presence compared to some of its competitors. This may limit its reach and potential customer base.
- Additionally, the company heavily relies on online sales and direct-to-consumer distribution. This strategy may pose challenges in reaching customers who prefer traditional retail channels or face-to-face interactions.
Opportunities
- Veritas Farms Inc operates in a rapidly growing CBD market, presenting various opportunities for expansion. The increasing acceptance and legalization of CBD products open doors for new markets and potential partnerships.
- Furthermore, the company can leverage the growing consumer trend of health and wellness, emphasizing the natural and therapeutic benefits of their products. This approach can attract a wider customer base seeking alternative solutions for various health conditions.
Threats
- Veritas Farms Inc faces several threats that may affect its future performance. Firstly, the regulatory environment surrounding CBD products remains uncertain, leading to potential legal challenges and limitations on distribution.
- Additionally, the CBD market is becoming increasingly competitive, with new entrants emerging regularly. This intensifying competition puts pressure on Veritas Farms Inc to continuously innovate, differentiate, and maintain market share.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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