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Veritas Farms Acquires Asystem And Asystem Labs As Part Of Growth Strategy To Build The Next Generation Of Innovative Wellness Brands

PRIVATEAug 28, 2023

Acquiring Company

Veritas Farms, Inc.

Acquired Company

Asystem, Inc.

Fort LauderdaleVeniceVeniceOtherAgriculture and FarmingHealth CareManufacturingHealth CareE CommerceDietary SupplementsNutritionManufacturingHealth CareE CommerceDietary SupplementsNutrition

Description

via NewMediaWire -- Veritas Farms, Inc. (OTCQB: VFRM), a leading wellness brand within the hemp/CBD space, has announced today that it has completed the acquisition of innovative, science-forward supplements brand ASYSTEM and their product development arm, ASYSTEM Labs.

Quick answer

Veritas Farms, Inc. is acquiring Asystem, Inc. and Asystem, Inc., announced August 28, 2023. Veritas Farms, Inc. is based in Fort Lauderdale, Florida, United States.

Who acquired Asystem, Inc?
Veritas Farms, Inc. agreed to acquire Asystem, Inc. and Asystem, Inc. on August 28, 2023.
How much did Veritas Farms, Inc. pay for Asystem, Inc?
The deal value was not disclosed.
What does Veritas Farms, Inc. do?
Veritas Farms, Inc. (OTCQB: VFRM) is a Hemp/CBD company on a mission to help pets and people combat stress, difficulty sleeping, and tension relief through the use of cannabinoids and functional ingredients such as..
Where are Veritas Farms, Inc. and Asystem, Inc. based?
Veritas Farms, Inc. is based in Fort Lauderdale, Florida, United States. Asystem, Inc. is based in Venice, California, United States.

Source: Fundz verified event record.

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Company Information

Company

Veritas Farms, Inc.

Location

1512 E. BROWARD BLVD

Fort Lauderdale, Florida, United States

About

Veritas Farms, Inc. (OTCQB: VFRM) is a Hemp/CBD company on a mission to help pets and people combat stress, difficulty sleeping, and tension relief through the use of cannabinoids and functional ingredients such as l-theanine, cordyceps, reishi, chamomile, and more. Their current assortment focuses on relaxing products for pets and relaxing, sleep, tension, energy, and immunity products for people, with assortments available on TheVeritasFarms.com and mass retailers such as Bi-Mart, Publix, Emerson Healthcare, and Kroger. Recently, Veritas has decided to pursue a roll-up strategy and expand beyond CBD and into the multi-billion dollar wellness industry by acquiring and merging brands with a wellness focus under the publicly traded companies umbrella.

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Frequently asked

Who acquired Asystem, Inc.?

Asystem, Inc. was acquired by Veritas Farms, Inc., based in Fort Lauderdale. The deal was reported on August 28, 2023. Veritas Farms, Inc. Veritas Farms, Inc. is privately held and operates in Other.

When did Veritas Farms, Inc. acquire Asystem, Inc.?

Veritas Farms, Inc.'s acquisition of Asystem, Inc. was reported on August 28, 2023. via NewMediaWire -- Veritas Farms, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Asystem, Inc. do?

ASYSTEM Labs ASYSTEM Labs offers brand and product development services to consumer brands, celebrities and creators seeking to unlock the huge potential of the supplements, vitamins, and nutritional products category. It is privately held, operating in Manufacturing, and is based in Venice.

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