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Veritas Farms, Inc. (VFRM) Enters Exclusive Agreement with Affiliate of the Nations Largest Home Respiratory & Sleep Diagnostics Provider to Provide Custom Formulation and Manufacturing

Fort Lauderdale, FL, Feb. 27, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Veritas Farms, Inc. (the “Company”) (VFRM), a vertically integrated agribusiness focused on the production of full spectrum hemp extracts with naturally occurring cannabinoids, has entered into an exclusive formulation and manufacturing agreement with PurWell, LLC (“PurWell”), an affiliate of VirtuOx, Inc. (“VirtuOx”), the nation’s largest home respiratory and sleep diagnostics provider with over 30,000 new patients each month.

Under the Agreement, Veritas Farms will manufacture a custom formulated line of hemp extract products for PurWell to be sold under the PūrWell brand.  The products will include PūrSlēp, a full spectrum hemp oil combined with a proprietary blend of holistic natural supplements widely known to promote effective sleep.

Alexander M. Salgado, CEO and co-founder of Veritas Farms, Inc., commented, “As an affiliate of the nation’s largest home respiratory and sleep diagnostics provider, we are excited to work with PurWell as exclusive formulation and manufacturing partner for PūrSlēp and the PūrWell brand that was recently launched online and at select healthcare providers across the country.  We look forward to providing them a consistent and dependable supply of our best-in-class full spectrum hemp oil products and being an important part of their long-term success.”

Formulated and manufactured at the Veritas Farms grow, processing, and production facilities in Pueblo, Colorado, without the use of any pesticides, herbicides, or fungicides, each batch of PūrSlēp and the entire PūrWell line of products will be laboratory tested for purity and potency.  PūrSlēp’s formulation includes full spectrum hemp oil, GABA, hops flower extract, valerian root, chamomile flower extract, l-tryptophan, melatonin, MCT oil, and organic essential oil.  PūrSlēp is vegan, sugar-free, gluten free, and alcohol-free, and it contains no artificial colors or flavors.  

PūrSlēp is available online now at www.purwell.com and at select physician’s offices, pharmacies, and medical equipment retailer locations.  

About VirtuOx, Inc. and PurWell, LLC

VirtuOx, Inc. (www.virtuox.net) is the nation’s largest home respiratory and sleep diagnostics provider, testing 30,000+ new patients each month for conditions such as sleep apnea, insomnia, and cardiac arrythmias.  VirtuOx Inc. has received full accreditation by The Joint Commission as an Ambulatory Care Sleep Diagnostic Center.

PūrWell, LLC. (www.purwell.com) is dedicated to making high quality, reliable Full Spectrum Hemp Oil products for the healthcare marketplace.  PūrWell offers physicians and other healthcare professionals the ability to sell Full Spectrum Hemp Oil products through the industry’s only zero cost-of-entry sales model.  For more information, send inquiries to info@purwell.com. 

About Veritas Farms, Inc.

Veritas Farms, Inc. (VFRM) is a vertically integrated agribusiness focused on producing superior quality, whole plant, full spectrum hemp oils and extracts containing naturally occurring cannabinoids.  The Company currently operates a 140-acre farm and production facilities in Pueblo, Colorado, and is registered with the Colorado Department of Agriculture to grow industrial hemp. The Company markets and sells products under its Veritas Farms™ brand and manufactures private label products for a number of leading distributors and retailers.  

Veritas Farms™ brand full spectrum hemp extract products include vegan capsules, tinctures, formulations for sublingual applications and infused edibles, lotions, salves, and oral syringes in a variety of size formats and flavors.  All Veritas Farms™ brand products are third-party laboratory tested for strength and purity.  The Company files periodic reports with the Securities and Exchange Commission, which can be viewed at www.sec.gov.

For additional information and online product purchase, visit www.theveritasfarms.com

Cautionary Language Concerning Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.  All statements, other than statements of historical fact, including those with respect to the Company’s mission statement and growth strategy, are “forward-looking statements.”  Although the Company's management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct.  These forward-looking statements involve many risks and uncertainties, which could cause the Company’s future results to differ materially from those anticipated.  Potential risks and uncertainties include, among others, general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; and the ability to obtain necessary financing on acceptable terms or at all.  Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company’s filings with the Securities and Exchange Commission.  The Company assumes no obligation to update any of the information contained or referenced in this press release.

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