Veritas Farms Inc (OTCMKTS: VFRM) hasn’t had the best of times in the market following a reverse split announced a while ago. However, the tides may change quickly after news that was released this morning, presenting a compelling opportunity. Here’s what’s going on:
VFRM Stock Should Be Watched As Products Hit Winn-Dixie Shelves
In a press release issued early this morning, Veritas Farms announced that its products will soon be featured in 152 Winn-Dixie locations. This news is important as it shows that the company is remaining active in its efforts to get its brands featured in big-box retail locations across the United States.
With this initial launch of VFRM products, 152 Winn-Dixie locations in Florida and South Carolina will feature both topical and ingestible cannabinoid products with the Veritas Farms logo on them.
In particular, Winn-Dixie has decided to carry full spectrum hemp oil products developed by VFRM in the form of tinctures, capsules, gummies, salves, lotions and pet tinctures. Essentially, the company’s full line of products will be available at these locations.
In a statement, Alexander M. Salgado, CEO and co-founder at VFRM, had the following to offer:
We are excited to grow our grocery chain presence by partnering with Southeastern Grocers to feature our Veritas Farms™ brand products in their Winn-Dixie supermarkets. As a highly regarded grocery retailer, Southeastern Grocers’ entrance into the full spectrum hemp oil category in conjunction with Veritas Farms further signals the growing significance of the category, and Veritas Farms’ ability to capitalize on retail chain opportunities. We look forward to working with and supporting Winn-Dixie’s full spectrum hemp oil category.
Why This News Is So Exciting
The bottom line is that the CBD industry is one that is quickly emerging. History tells us that those on the leading edge of emerging industries tend to become the long-term leaders in their respective spaces.
Veritas Farms has placed its products in thousands of stores across the United States, including big names like Kroger, Winn-Dixie and several others. As the company continues to penetrate the big-box retail space, it is setting a foundation for leadership ahead.
Moreover, with the recent declines in the value of the stock, many would argue that it is trading at a discount. So, VFRM may be offering a discounted opportunity to own a piece of a key company in the evolution of the CBD industry.
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Disclosure – CNA Finance, parent company to Alpha Stock News has a monetary relationship with Veritas Farms.