Business
Veritas Farms Announces 2019 Outdoor Planting Season Improvements and Anticipated 5x Hemp Flower Production Increase
Veritas Farms Announces 2019 Outdoor Planting Season Improvements and Anticipated 5x Hemp Flower Production Increase.
About this update from Veritas Farms Inc.
[{"type":"text","content":"\nFort Lauderdale, FL, June 27, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Veritas Farms, Inc. (OTCQB: VFRM), a vertically integrated agribusiness focused on the production of full spectrum hemp extracts with naturally occurring cannabinoids, is pleased to announce that the Company has made several significant improvements to its farming infrastructure and operations at its Colorado farm that are expected to increase overall hemp flower production by up to five times for the current 2019 outdoor planting season.\n Alexander M. Salgado, CEO and co-founder of Veritas Farms: “Over the past twelve months, Veritas Farms has continued to evolve into a leading vertically integrated hemp extract products company.  For us to keep pace with visible demand and our anticipated growth, under the guidance of our new V.P. of Agriculture, Spencer Fuller, some key enhancements were made to our farming infrastructure and processes to expand and improve our hemp crop yields, including more than doubling our total planted area.”   Spencer Fuller, V.P. of Agriculture at Veritas Farms, added, “Since joining the Company earlier this year, our team has worked tirelessly to evaluate, design, and implement improvements that will produce consistently higher volumes of the proprietary strains of industrial hemp used to produce Veritas Farms whole plant hemp oil products.“To accomplish this goal, we made several infrastructure and operational changes at our Colorado farm including amending our fields with Organic Materials Review Institute certified products and implementing subsurface irrigation.  We expect these changes will improve the overall health and quality of the soil, and will also help increase the cannabinoid, terpene content as well as floral yield. “Another significant upgrade made for the 2019 season is that we will now be planting four highly productive proprietary varieties of hemp.  The superior genetics and plant characteristics of these new strains combined with the other improvements are expected to increase Veritas’ overall production of oil rich dried hemp flower by up to five times.”Mr. Salgado concluded, “As a totally vertically integrated hemp company, the quality of our all-natural hemp extract products starts with our hemp farming operations in Colora...