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.
Company profile
Ticker
VFRM
Exchange
Website
CEO
Alexander M. Salgado
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Armeau Brands Inc., SanSal Wellness Holdings, Inc.
SEC CIK
VFRM stock data
Latest filings (excl ownership)
NT 10-K
Notice of late annual filing
1 Apr 24
8-K
Entry into a Material Definitive Agreement
5 Jan 24
8-K
Departure of Directors or Certain Officers
20 Nov 23
10-Q
2023 Q3
Quarterly report
15 Nov 23
NT 10-Q
Notice of late quarterly filing
14 Nov 23
8-K
Departure of Directors or Certain Officers
8 Sep 23
8-K
Entry into a Material Definitive Agreement
1 Sep 23
S-8 POS
Registration of securities for employees (post-effective amendment)
29 Aug 23
10-Q
2023 Q2
Quarterly report
11 Aug 23
8-K
Entry into a Material Definitive Agreement
13 Jun 23
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 58.79 k | 58.79 k | 58.79 k | 58.79 k | 58.79 k | 58.79 k |
Cash burn (monthly) | 20.38 k | 5.50 k | 378.27 k | 479.35 k | 199.67 k | 136.62 k |
Cash used (since last report) | 138.52 k | 37.37 k | 2.57 mm | 3.26 mm | 1.36 mm | 928.74 k |
Cash remaining | -79.73 k | 21.42 k | -2.51 mm | -3.20 mm | -1.30 mm | -869.95 k |
Runway (months of cash) | -3.9 | 3.9 | -6.6 | -6.7 | -6.5 | -6.4 |
Institutional ownership, Q2 2022
0.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 1 |
Opened positions | 1 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 190.11 mm |
Total shares | 9.97 k |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Castleview Partners | 9.97 k | $190.11 mm |