Veritas Farms, Inc. Announces Appointment of Shea A. Smith to Board of Directors
September 27, 2019 at 10:37 pm IST
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Veritas Farms, Inc. announced that effective September 26, 2019, Shea A. Smith joined the company board of directors. Shea A. Smith, 44, has been a practicing certified public accountant for nearly twenty (20) years. Since 2003, he has been affiliated with the South Florida-based accounting and advisory firm, Berkowitz Pollack Brant, where he currently Director of Audit and Attest Services. Mr. Smith provides accounting, auditing and consulting services for businesses in a variety of industries and fields. Mr. Smith holds bachelor’s and master’s degrees in accounting from the University of Florida. As the company board of directors is now comprised of a majority of “independent” directors and Mr. Smith qualifies as an “audit committee financial expert,” the Veritas Farms board of directors has established three standing committees, an audit committee, a compensation committee and a nominating and corporate governance committee. Dr. Doan, Ms. Newton and Mr. Smith will be members of each of the committees.
Veritas Farms, Inc. (Veritas Farms) is an agribusiness that is focused on growing, producing, marketing, and distributing quality, whole plant, full spectrum hemp oils and extracts containing naturally occurring phytocannabinoids (collectively, CBD). Veritas Farms owns and operates an approximately 140 acres farm in Pueblo, Colorado, capable of producing over 200,000 proprietary full spectrum hemp plants, which can potentially yield a minimum annual harvest of 250,000 to 300,000 pounds of outdoor-grown industrial hemp. Veritas Farm's products include capsules, gummies, tinctures, lotions, salves, creams, balm sticks, lip balms, and pet chews. It also operates approximately 15,000 square feet of climate-controlled greenhouses to produce a consistent supply of year-round indoor-cultivated hemp. In addition, there is a 10,000 square-foot onsite facility used for processing raw hemp, oil extraction, formulation laboratories, and quality/purity testing.