 Fort Lauderdale, FL, May 11, 2021 GLOBE NEWSWIRE -- via NewMediaWire -- Veritas Farms, Inc. OTCQB: VFRM Veritas Farms or the Company, a vertically integrated CBD and Wellness company focused on the production of full spectrum hemp oil products with naturally occurring cannabinoids, announces that on May 11, 2021, the Company entered into a Securities Purchase Agreement the SPA with an existing shareholder, pursuant to which the Company contemporaneously sold to the Purchaser an aggregate of a 2,000,000 shares of its Series A Convertible Preferred Stock, and b 1,000,000 shares of its Series B Convertible Preferred Stock, and as a result of the transaction and the voting rights accorded the preferred stock issued, the Purchaser now holds approximately 88 of the voting power of the Company and accordingly, a Change in Control has occurred. For more information, please refer to the Form 8-K that the Company filed with the Securities and Exchange Commission in relation to the transaction. 