Veritas Farms full spectrum CBD topical products including salves, moisturizing lotion and lip balm, will now be available for purchase in 945 Kroger Family of Stores, the nation’s largest grocery retailer. This announcement comes just weeks after the company reported a 361 percent increase in first quarter 2019 revenues, totaling $1,524,930, compared to $331,416 in Q1 2018.
In addition to Kroger Family of Stores, Veritas Farms is also available in select retail stores including CVS Pharmacy, Fruth Pharmacy, Neiman’s Family Market and Bartell Drugs, putting them at the top of the retail space. This proves that the CBD industry will continue to dominate retailers in 2019, with latest reports showing the industry has superseded Taco Bell’s annual U.S. revenue and, by 2020, will likely surpass yearly revenue figures generated by the National Football League.
Unlike many other CBD companies that outsource their products, Veritas Farms (OTCQB: VFRM) a public company headquartered out of Fort Lauderdale, Florida, is one of the few vertically-integrated agribusiness companies in the industry and operates its own 140-acre farm and production facilities in Pueblo, Colorado. Here, they are able to control its growing, extracting, manufacturing, bottling, and shipping to ensure the quality, potency, and freshness of its products, from farm to table. In addition, all packaging includes a batch-unique QR code linking to verifiable Certificates of Analysis from an approved scientific testing laboratory and they are registered with the Colorado Department of Agriculture.
