Business
Veritas Farms Reports on Successful Expansion of Chain Retail Distribution Channel
Veritas Farms Reports on Successful Expansion of Chain Retail Distribution Channel.
About this update from Veritas Farms Inc.
[{"type":"text","content":"\n Fort Lauderdale, FL, May 20, 2020 (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 report on the successful expansion of the Company’s chain retail distribution channel. In total, these recent chain retail expansions will grow Veritas Farms’ retail footprint to over 7,500 stores and offer ingestible hemp products to consumers who previously had limited access to them. In a recent press release, Veritas Farms announced its intention to pursue expanded distribution with its current retail partnerships, by both introducing new products, like ingestible products, in current retailers, as well as expanding into new markets with current retailers. The Company is excited to report on its initial success in this regard along several fronts. A leading national retail partner is expanding their presence by distributing Veritas Farms products in 1,200 new stores across multiple states and adding ingestible products to their hemp product program. This doubles the amount of Veritas Farms products available in their stores. The combined addition of these new stores and increased SKU count in both existing and new stores represents a considerable expansion for Veritas Farms and a positive step forward for the entire hemp product category, possibly encouraging other chain retailers to commence carrying ingestible products as well. In addition, another of our retail partners is launching a test hemp product program in the grocery channel. This program will focus on Veritas Farms™ topical products and our new Veritas Beauty™ product line. Alexander Salgado, CEO and co-founder of Veritas Farms, stated, “We recently stated we would aggressively pursue expansion opportunities with current retailers. The success our team has achieved to that end, in such a short time, is a promising development for the future of our chain retail growth initiatives.” To learn more or shop Veritas Farms’ selection of products, visit their website at: www.theveritasfarms.com About Veritas Farms, Inc. Veritas Farms, Inc. (OTCQB:VFRM) is a vertically integrated agribusiness focused on pr...