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SanSal Wellness Reports Operating Results for Three and Nine Months Ended September 30, 2018 - Business Expansion Continues

Fort Lauderdale, Florida, Nov. 19, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- SanSal Wellness Holdings, Inc. (“SanSal Wellness” or the “Company”) (OTCQB: SSWH), a vertically-integrated agribusiness focused on producing full spectrum natural phytocannabinoid-rich industrial hemp extracts, today announced that the Company has reported its operating results for the three and nine month periods ended September 30, 2018, through the filing of its Quarterly Report on Form 10-Q with the Securities and Exchange Commission. 

Alexander M. Salgado, CEO and co-founder of SanSal Wellness, commented, “During the last three months, SanSal Wellness continued to build a stronger foundation for future growth and success and achieved many of its corporate goals, including raising over $3 million in new equity, opening new executive offices in Fort Lauderdale, Florida, and continuing to make significant investments in equipment to increase production speed and capacity at our Colorado farm and processing facilities.  The Company also grew its sales and marketing teams, unveiled beautifully redesigned labels for its proprietary Veritas Farms™ brand packaging, and expanded the product line with several new formulations.

“These key investments are expected to begin paying off in the 4th quarter of 2018 with the anticipated launch of several exciting new products and the implementation of additional planned marketing initiatives with several leading platforms delivering our first targeted advertising campaigns in November and December.”

Financial Highlights

• 3rd Quarter sales of $459,329, an increase of 79.8% from Q3 2017.

• Record 9-month sales of $1,277,914, an increase of 69.1% from $755,749 in the 2017 period.

• Total Assets of $6,368,125 at September 30, 2018, an increase of 22.2% from $5,210,740 at December 31, 2017.

• Inventory of $1,746,021 at September 30, 2018, an increase of 22.2% from $1,428,758 at December 31, 2017.

Mr. Salgado concluded, “We are very encouraged by the recent comments made by Senate Majority Leader Mitch McConnell concerning the likely inclusion of the full legalization of hemp in the final version of the 2018 Farm Bill that is currently being negotiated in Congress.  We strongly believe that the full legalization of hemp at the federal level and its clear distinction from psychoactive cannabis will almost certainly be a key factor in propelling hemp and hemp extract products into the mainstream.  We further believe that SanSal Wellness is strongly positioned to take advantage of these expected legal developments with its own Veritas Farms™ brand, and its industry reputation as a trusted partner for custom products formulation and private label product manufacture for other distributors and retailers.  We look forward to continued growth in the fourth quarter and beyond.”

SanSal Wellness and Veritas Farms™ brand full spectrum hemp extract products include vegan capsules, tinctures, formulations for sublingual applications and infused edibles, lotions, salves, vape oils and pre-filled vape cartridges, and oral syringes in a variety of size formats and flavors.  All SanSal Wellness and Veritas Farms™ brand products are third-party laboratory tested for strength and purity.

For additional information and product purchase, visit www.sansalwellness.com and www.theveritasfarms.com.

About SanSal Wellness Holdings, Inc.

SanSal Wellness Holdings, Inc. (OTCQB: SSWH) is focused on producing superior quality, whole-plant, broad spectrum phytocannabinoid-rich hemp oils and extracts.  SanSal Wellness currently operates a 140-acre farm and production facilities in Pueblo, Colorado, and is registered with the Colorado Department of Agriculture to grow industrial hemp.  SanSal Wellness sells products under its Veritas Farms™ brand and also manufactures private label products for a number of leading distributors and retailers.  The Company files periodic reports with the Securities and Exchange Commission, which can be viewed at www.sec.gov.

SanSal Wellness Holdings, Inc. - IR/Media Contact

Toll-Free: (888) 549-7888

E-mail: investors@sansalwellness.com

Cautionary Language Concerning Forward-Looking Statements

This SanSal Wellness Holdings, Inc. press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.  All statements, other than statements of historical fact, including those with respect to the Company’s mission statement and growth strategy, are “forward-looking statements.”  Although the Company's management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct.  These forward-looking statements involve many risks and uncertainties, which could cause the Company’s future results to differ materially from those anticipated.  Potential risks and uncertainties include, among others, general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; and the ability to obtain necessary financing on acceptable terms or at all.  Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company’s filings with the Securities and Exchange Commission.  The Company assumes no obligation to update any of the information contained or referenced in this press release.

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