Veritas Farms VFRM Stock News

Veritas Farms Inc (OTCMKTS: VFRM) is likely to see strong gains in the market today after the company announced that it heped to found The Florida Hemp Council. Ultimately, the company is taking a leadership role in the Florida hemp and CBD market. Here’s what’s going on:

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VFRM Stock Could Gain On Florida Hemp Council News

In a press release issued early this morning, Veritas Farms announced that it has taken a founding role in the formation of the Florida Hemp Council. The Council is a non-profit working group of farmers, processors, manufacturers, retailers and professionals dedicated to the future production of hemp products in Florida.

VFRM said that with it, other founding members include Green Roads, EVIO Labs, Natural Life, Mission Lago, Evello Global, and Blue Moon Hemp.

In a statement, Eric Stevens, Executive Director of The Florida Hemp Council, had the following to offer:

This is truly a pivotal time for hemp in Florida as we formally announce the establishment of this futurist association and its founding members of trailblazing leaders in the current market. Hemp is projected to become a multi-billion dollar industry in Florida and The Florida Hemp Council has been formed to showcase and promote the ‘good actors’ in the industry and assist the State in holding the ‘bad actors’ accountable.

The above statement was followed up by Alexander M. Salgado, CEO and Co-Founder at VFRM. Here’s what he had to say:

Veritas Farms is proud to be a founding member of The Florida Hemp Council along with other chosen industry leaders. We look forward to working with FLHC members, regulators, and the public to play a key role in advancing Florida to the forefront of hemp production, innovation, best practices development, industry monitoring, and education on a national basis.

What The Florida Hemp Council Does

In the release, Veritas Farms said that The Florida Hemp Council is working to create a complete hemp industry ecosystem in Florida. The company intends to hold its inaugural Hemp Conference in either June or July of 2020 in Fort Lauderdale.

Moreover, VFRM said that the council will hold trade shows for B2B members in North and South Florida. To learn more about The Florida Hemp Council, visit www.TheFLHC.org.

This Is A Big Deal

At the end of the day, the formation of The Florida Hemp Council is a big deal. After all, the hemp and CBD industry in Florida is expected to be a massive one. Witht he formation of the council, an ecosystem will be built that will support the growth of this emerging market.

Considering Veritas Farms’ leadership role in the Council, this is great news for the company and its investors. After all, as a leader in The Florida Hemp Council, the company will have a competitive advantage as a thought leader in the industry.

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