Current Report Filing (8-k)
May 14 2020 - 5:25PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported):
May 14, 2020
Veritas Farms, Inc.
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(Exact name of registrant as specified in charter)
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Nevada
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333-210190
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90-1254190
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(State or other Jurisdiction
of Incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.)
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1512 E. Broward Blvd., Suite 300, Fort Lauderdale, FL
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33301
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(Address of Principal Executive Offices)
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(Zip Code)
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Registrant’s telephone number, including
area code: (561) 288-6603
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(Former name or former address, if changed since last report)
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Check the appropriate box below if the Form
8-K filing is intended to simultaneously satisfy the filing obligation of Company under any of the following provisions:
☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))
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☐
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the
Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☒
If an emerging growth company, indicate by
check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities registered pursuant to Section 12(b)
of the Act:
Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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None
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As used in this Current Report on Form 8-K, and unless otherwise
indicated, the terms “the Company,” “Veritas Farms,” “we,” “us”
and “our” refer to Veritas Farms, Inc. and its subsidiary.
Veritas Farms makes the following disclosure
pursuant to an order issued by the Securities and Exchange Commission (the “SEC”) on March 4, 2020, as amended
on March 25, 2020, providing conditional relief to public companies that are unable to timely comply with their filing obligations
as a result of the novel coronavirus (COVID-19) outbreak (the “SEC Order”).
The current outbreak of COVID-19 has posed
a significant impact on the Company to file on a timely basis its Quarterly Report on Form 10-Q for the quarter ended March 31,
2020 (the “Annual Report”) that is due on May 14, 2020 (the “Original Due Date”), and therefore
the Company elected to rely on the conditional filing relief provided under the SEC Order.
The current outbreak of COVID-19 in the United
States has resulted in the closing of our offices and has required our internal accounting staff to work remotely. Moreover, similar
social distancing measures were taken by both our outside accountants and our independent registered public accounting firm in
order to protect the health of their employees. All of the foregoing has slowed the accounting work required to compile our financial
statements for the quarter ended March 31, 2020 to be included the Quarterly Report. Accordingly, we have decided to rely on the
SEC Order and endeavor to file the Quarterly Report no later than June 28, 2020, or within 45 days after the Original Due Date.
The adverse public health developments and
economic effects of the current Covid-19 pandemic in the United States, could adversely affect the Company’s customers and
suppliers as a result of quarantines, facility closures, closing of “brick and mortar” retail outlets and logistics
restrictions imposed or which otherwise occur in connection with the pandemic. More broadly, the high degree unemployment resulting
from the pandemic could potentially lead to an extended economic downturn, which would likely decrease spending, adversely affect
demand for our products and services and harm our business, results of operations and financial condition. At this time, we cannot
accurately predict the effect the COVID-19 pandemic will have on the Company.
Certain of the statements contained
in this report should be considered forward-looking statements within the meaning of the Securities Act of 1933, as amended (the
“Securities Act”), the Securities Exchange Act of 1934, as amended (the “Exchange Act”),
and the Private Securities Litigation Reform Act of 1995. These forward-looking statements are often identified by the use of forward-looking
terminology such as “will,” “believes,” “expects,” “endeavors”
or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations
reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations
may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the
date of this report. The Company's actual results could differ materially from those anticipated in these forward-looking statements
as a result of a variety of factors, including the risk factors discussed in the Company's periodic reports that are filed with
the SEC and available on the SEC's website (http://www.sec.gov). All forward-looking statements attributable to the Company or
persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the
applicable securities laws, the Company does not assume a duty to update these forward-looking statements.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: May 14, 2020
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VERITAS FARMS, INC.
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By:
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/s/ Alexander M. Salgado
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Alexander M. Salgado,
Chief Executive Officer
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