Veritas farms setting up possible bullish reversal trade.
Despite the entire Cannabis sector been dragged down by NYSE:CTST, Veritas Farms has shown signs of what could be a very profitable reversal. As highlighted on the chart, several positive factors are in play and depending on your risk tolerance we have listed 2 possible entry points for a long trade.
NEWS HEADLINES
FORT LAUDERDALE, FL, Jul 24, 2019 (GLOBE NEWSWIRE via COMTEX) -- via NEWMEDIAWIRE - Veritas Farms, Inc. (otcqb:VFRM), a vertically integrated agribusiness focused on the production of full spectrum hemp oil products with naturally occurring cannabinoids, is pleased to announce it has taken a founding role in the formation of The Florida Hemp Council.
The Florida Hemp Council (FLHC) is a non-profit working group of farmers, processors, manufacturers, retailers, and professionals dedicated to the future production of all hemp products. FLHC founding members include Veritas Farms, Green Roads, EVIO Labs, Natural Life, Mission Lago, Evello Global, and Blue Moon Hemp.
Eric Stevens, Executive Director of The Florida Hemp Council, commented, "This is truly a pivotal time for hemp in Florida as we formally announce the establishment of this futurist association and its founding members of trailblazing leaders in the current market. Hemp is projected to become a multi-billion dollar industry in Florida and The Florida Hemp Council has been formed to showcase and promote the 'good actors' in the industry and assist the State in holding the 'bad actors' accountable."
AVERAGE ANALYSTS PRICE TARGET N/A
AVERAGE ANALYSTS RECOMMENDATION N/A
P/E RATIO N/A
SHORT INTEREST N/A
COMPANY PROFILE
Veritas Farms, Inc. engages in the production of natural phytocannabinoid-rich industrial products. It also operates greenhouses for indoor-cultivated hemp. The company was founded on March 15, 2011 and is headquartered in Fort Lauderdale, FL.
NEWS HEADLINES
FORT LAUDERDALE, FL, Jul 24, 2019 (GLOBE NEWSWIRE via COMTEX) -- via NEWMEDIAWIRE - Veritas Farms, Inc. (otcqb:VFRM), a vertically integrated agribusiness focused on the production of full spectrum hemp oil products with naturally occurring cannabinoids, is pleased to announce it has taken a founding role in the formation of The Florida Hemp Council.
The Florida Hemp Council (FLHC) is a non-profit working group of farmers, processors, manufacturers, retailers, and professionals dedicated to the future production of all hemp products. FLHC founding members include Veritas Farms, Green Roads, EVIO Labs, Natural Life, Mission Lago, Evello Global, and Blue Moon Hemp.
Eric Stevens, Executive Director of The Florida Hemp Council, commented, "This is truly a pivotal time for hemp in Florida as we formally announce the establishment of this futurist association and its founding members of trailblazing leaders in the current market. Hemp is projected to become a multi-billion dollar industry in Florida and The Florida Hemp Council has been formed to showcase and promote the 'good actors' in the industry and assist the State in holding the 'bad actors' accountable."
AVERAGE ANALYSTS PRICE TARGET N/A
AVERAGE ANALYSTS RECOMMENDATION N/A
P/E RATIO N/A
SHORT INTEREST N/A
COMPANY PROFILE
Veritas Farms, Inc. engages in the production of natural phytocannabinoid-rich industrial products. It also operates greenhouses for indoor-cultivated hemp. The company was founded on March 15, 2011 and is headquartered in Fort Lauderdale, FL.