Veritas Farms Appoints Michael D. Pelletier as CFO

5/7/19

Alexander M. Salgado, CEO and co-founder of Veritas Farms, Inc. (OTCQB: VFRM), a vertically-integrated agribusiness focused on the production of full spectrum hemp extracts with naturally occurring cannabinoids, recently announced the appointment of Michael D. Pelletier as the company’s chief financial officer. Pelletier will report to Salgado and be responsible for Veritas Farms’ corporate finance, accounting, audit, tax, and administrative functions.

Pelletier has over 35 years of experience in accounting and financial reporting, most recently as chief financial officer of Inter-Continental Cigar Corp. (ICCC), a South Florida-based global cigar manufacturing and distribution firm, for over 20 years, from 1997 until recently joining Veritas Farms. His responsibilities at ICCC included inventory management, sales control, customer service, finance, annual audits, budgets, quarterly forecasts, and state and federal licensing, as well as assuring required compliance and filings.

Prior to his long career in the cigar industry, Pelletier held other senior accounting and finance roles, including assistant controller of Gold Coast Media, a Miami-based direct marketing firm, from 1995–1997; and controller ? Southeast of Hunter Douglas, Inc., a global leader in the window covering industry, from 1990–1995. Earlier in his career, Pelletier spent more than four years with Pelletier & Veal CPAs, an Atlanta-based public accounting firm, where he performed write-up, tax, compilation and review work for small- and medium-sized businesses in diverse industries. He holds a Bachelor of Business Administration (accounting) from Florida Atlantic University in Boca Raton, Florida.

“We are extremely pleased to welcome Michael to Veritas Farms,” said Salgado. “We believe his background, experience and seasoned leadership approach will be a positive addition, as Veritas continues to execute on its production, manufacturing, and distribution growth strategies within the rapidly expanding market for premium quality hemp extract products.

“He brings to Veritas over 35 years of increasing responsibilities and disciplined financial leadership with proven expertise in accounting, tax, audit, financial planning & analysis, banking and capital market transactions,” he continued.

For additional information regarding Veritas Farms, Inc. and to purchase product online, visit www.theveritasfarms.com.

About Veritas Farms, Inc.

Veritas Farms, Inc. (OTCQB: 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.

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