Veritas Farms Acquires ASYSTEM and ASYSTEM Labs

August 28, 2023

Veritas Farms, Inc. (OTCQB: VFRM) has completed the acquisition of ASYSTEM, a Los Angeles–based science-forward supplements brand, and its product development arm ASYSTEM Labs. The deal is part of Veritas' roll-up growth strategy to expand beyond CBD into the broader wellness market, leveraging ASYSTEM's DTC, retail partnerships, and product-development capabilities to accelerate revenue and portfolio expansion.

Buyers
Veritas Farms, Inc.
Targets
ASYSTEM, ASYSTEM Labs
Sellers
Oli Walsh, Henry Simonds
Location
California, United States
Transaction Type
Buyout

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