{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-072876","form_type":"8-K","ticker":null,"cik":"0001669400","company_name":"Veritas Farms, Inc.","filed_at":"2023-09-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.792319+00:00","generated_at":"2026-06-11T00:32:39.866706+00:00","sec_items":["1.01","2.01","3.02","5.02","5.07","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Veritas Farms acquires Asystem supplement brand; issues 103.6M shares; appoints new leadership","bullets":["Acquired substantially all assets of Asystem Inc. for 103,570,600 shares of common stock and assumption of $250K notes payable at 10% due April 2024.","Henry Simonds (Asystem President) appointed to board; receives $4,167/mo consulting fee and 4,233,485 restricted shares vesting over 1 year.","Marisa Cifre appointed CRO, Thomas Krogh appointed COO; each receives $120K salary and 500K restricted shares vesting over 3 years.","Oliver Walsh (Asystem founder) received 11,950,454 restricted shares under consulting agreement vesting over 1 year.","Majority stockholder (Cornelis F. Wit trust) approved re-election of incumbent directors by written consent."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-072876","json":"https://secwatch.observer/filing/0001213900-23-072876.json","markdown":"https://secwatch.observer/filing/0001213900-23-072876.md","text":"https://secwatch.observer/filing/0001213900-23-072876.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1669400/000121390023072876/0001213900-23-072876-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1669400/000121390023072876/ea184527-8k_veritasfarms.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T00:32:39.866706+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c32294ba87008f2b43cb06f201c87cc9010d2f07","claim":"Veritas Farms, Inc. completed an acquisition involving Asystem Inc. for issuance of 103,570,600 shares of Veritas common stock and assumption of certain liabilities (closed 2023-08-25).","evidence_excerpt":"name, trademarks, internet domains and other things necessary to carry on the business of Asystem. The consideration for the Acquired Assets consisted of the issuance of 103,570,600 shares of Veritas common stock, which were distributed to Asystem shareholders, and the assumption of certain liabilities of Asystem. The assumed liabilities included the","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1669400/000121390023072876/0001213900-23-072876-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Asystem Inc."},{"label":"Consideration","value":"issuance of 103,570,600 shares of Veritas common stock and assumption of certain liabilities"},{"label":"Closing","value":"2023-08-25"}],"fact_type":"ma_transaction"},{"claim_id":"87228ba801891684507d9b33ce00ebc6c8bd87a6","claim":"Veritas Farms, Inc. entered into Asset Transfer Agreement with Asystem Inc. valued at Issuance of 103,570,600 shares of Veritas common stock, assumption of $250,000 notes payable (effective 2023-08-25).","evidence_excerpt":"On August 25, 2023, the Company acquired substantially all of the assets and business (the “Acquired Assets”) of Asystem Inc. (“Asystem”), a Delaware corporation.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1669400/000121390023072876/0001213900-23-072876-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Asystem Inc."},{"label":"Value","value":"Issuance of 103,570,600 shares of Veritas common stock, assumption of $250,000 notes payable"},{"label":"Effective","value":"2023-08-25"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}