Diligence memo · auto-generated · as of July 2, 2026
Veritas Farms, Inc.
Veritas Farms, Inc. looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Veritas Farms, Inc. operates in Agriculture, based in FORT LAUDERDALE.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Veritas Farms, Inc. has raised $23M in disclosed capital across 6 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $15M on 2019-04-10.
Most recent recorded round closed around 2021-05-11.
Valuation (modeled)modeled
Provath models Veritas Farms, Inc. at approximately $17M (range $4.8M–$54M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.09× the median modeled value of Series B Agriculture companies in 2019–2021 (18 peers) — value vs value, same stage and era. Issuer reports $5M–$25M revenue while modeled below niche peers.
Financing rhythm & timingmixed
Historic cadence: a new round about every 7 months.
Last raise 5.1 yr ago; this sector typically re-raises about every 11 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 4.0× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 88% of Agriculture peers (1056 compared).
Modeled value ranks above 59% of those peers.
Closest niche peers: FIG MariCap White Buffalo, LLC, MariCap White Buffalo AI, LLC, Bluhen Botanicals LLC, MariCap White Buffalo QP, LLC, Chemlock Holdings LLC.
Peoplefiled
24 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.