M&A Deal Summary

Veritas Farms Acquires Asystem

On August 28, 2023, Veritas Farms acquired consumer products company Asystem

Acquisition Highlights
  • This is Veritas Farms’ 2nd transaction in the Consumer Products sector.
  • This is Veritas Farms’ 2nd transaction in the United States.
  • This is Veritas Farms’ 1st transaction in California.

M&A Deal Summary
Date 2023-08-28
Target Asystem
Sector Consumer Products
Buyer(s) Veritas Farms
Deal Type Add-on Acquisition

Target

Asystem

Venice, California, United States
Asystem is a supplement business that makes the benefits of clinical science accessible to all by creating science-forward supplements for all health needs & goals. Its current assortment spans Pain Relief, Anti-Anxiety, Sleep, Productivity, Libido and Men’s Health. Asystem is based in Venice, California.

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Buyer(S) 1

Buyer

Veritas Farms

Fort Lauderdale, Florida, United States
Category Company
Sector Agriculture
Employees17
Revenue 1M USD (2022)
DESCRIPTION

Veritas Farms is a vertically integrated agribusiness focused on producing superior quality, whole-plant, broad spectrum phytocannabinoid-rich hemp oils and extracts. 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 is based in Fort Lauderdale, Florida.

DEAL STATS #
Overall 2 of 2
Sector (Consumer Products) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (California) 1 of 1
Country (United States) 2 of 2
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-02 271 Lake Davis Holdings

Pueblo, Colorado, United States

SanSal is a Colorado-based producer of superior quality whole plant broad spectrum phytocannabinoid hemp oils and extracts. SanSal 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 pursuant to federal law.

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