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
- Industry
- Consumer Products
- Location
- California, United States
- Transaction Type
- Buyout
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