Veritas Farms
Financials
Estimates*
USD | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|---|
Revenues | - | - | 7.3m | 6.2m | 3.1m | 1.1m |
% growth | - | - | - | (15 %) | (51 %) | (66 %) |
EBITDA | - | - | (10.6m) | (6.7m) | (6.8m) | (5.0m) |
% EBITDA margin | - | - | (146 %) | (108 %) | (222 %) | (471 %) |
Profit | - | - | (11.1m) | (7.6m) | (7.1m) | (5.1m) |
% profit margin | - | - | (153 %) | (122 %) | (229 %) | (484 %) |
EV / revenue | - | - | 5.3x | 1.6x | 1.1x | 4.7x |
EV / EBITDA | - | - | -3.6x | -1.5x | -0.5x | -1.0x |
Date | Investors | Amount | Round |
---|---|---|---|
N/A | N/A | IPO | |
N/A | $3.9m | Seed | |
N/A | $650k | Early VC | |
N/A | $2.0m | Post IPO Equity | |
Total Funding | AUD7.0m |
Related Content
Recent News about Veritas Farms
EditVeritas Farms operates in the health and wellness market, specializing in full-spectrum CBD products. The company is vertically integrated, meaning it controls every step of the production process from growing and extracting to manufacturing and bottling, all within its Colorado farm. Veritas Farms serves a diverse clientele including individuals seeking natural remedies for wellness, pet owners, and those interested in organic skincare. The business model is primarily direct-to-consumer through its online store, offering products such as CBD tinctures, capsules, gummies, and topicals. Revenue is generated through the sale of these products, with additional income from limited edition items and seasonal promotions. The company emphasizes quality and transparency, with all products being third-party lab tested to ensure purity and potency. Veritas Farms also offers free shipping on orders over $100, enhancing customer satisfaction and loyalty.
Keywords: full-spectrum CBD, organic ingredients, vertically integrated, Colorado farm, wellness market, direct-to-consumer, CBD tinctures, CBD topicals, third-party lab tested, pet CBD products.