VERDE BIO HLDGS INC - VBHI STOCK NEWS

Verde Bio Holdings, Inc. (OTCQB: VBHI) announced a proposed 1-for-1500 reverse stock split as part of its strategic decision to enhance its investor profile and prepare for an up-listing. This split aims to meet national exchange requirements and attract institutional investors. Following a mandatory waiting period, the company's name will change to Verde Energy Holdings, Inc., with the new ticker symbol VEHI. The company plans to pursue a significant capital raise post-split to bolster growth. CEO Scott Cox emphasized that these changes will strengthen the company’s market position and increase stockholder value, while ensuring ownership percentages remain unchanged.

Verde Bio Holdings, Inc. (OTCQB: VBHI) announced its second quarter update, highlighting a significant increase in total adjusted revenue of approximately 188%, reaching $414,356 compared to $143,413 in Q2 2021. Total reserves as of October 31, 2022, increased to $3.47 million in PV-10 value. Although the net loss for the quarter was $129,000, strategic asset management and acquisition plans continue, with over 19 acquisitions made. The company aims to uplist to the NYSE American Exchange in early 2023, reflecting its growth strategy in the oil and gas sector.

Verde Bio Holdings, Inc. (OTCQB: VBHI) announced significant growth driven by high oil and gas prices, achieving 16 new wells and 18 permits to date. With approximately 421 active wells across seven states, key developments continue in the Permian Basin and Haynesville shale. CEO Scott Cox noted no additional investment is required for new wells, enhancing revenue. The company is also evaluating strategic acquisitions and managing lower-performing assets for reinvestment. A 10-Q report is due by December 15, 2022, and the company is seeking an up-listing to a major exchange.

Verde Bio Holdings (OTCQB: VBHI) announced the sale of two assets to a private buyer for $1,068,300, expected to close by October 21, 2022. This transaction is projected to yield a 78% profit, in addition to revenue earned from the assets over the past year. The company plans to reinvest the proceeds from this deal while actively exploring further acquisition opportunities. Verde emphasizes strategic asset management to maximize shareholder returns, leveraging current high commodity prices to enhance their portfolio.

Verde Bio Holdings, Inc. (OTCQB: VBHI) released its Q1 2022 shareholder update, highlighting robust growth in oil and gas revenues amidst rising commodity prices. Total reserves amounted to $3.2 million PV-10 value as of July 31, 2022. Adjusted revenues surged to $209,910, a significant increase from $64,599 the previous year. Despite facing challenges with revenue delays due to environmental factors, the company remains optimistic about future acquisitions and transitioning to a more traditional E&P model. Plans for a name change and potential NASDAQ listing are underway.

Verde Bio Holdings, Inc. (OTCQB: VBHI) announced an increase in its well count due to high oil and gas prices. The company reported six new wells coming online in the Permian Basin and intends to drill massive horizontal wells in Haynesville Shale. These developments promise increased revenues without further investment from VBHI. The CEO highlighted the ongoing acquisition of strategic assets and a focus on divesting underperforming properties. The upcoming 10-Q report, due on September 15, is expected to please shareholders.

Verde Bio Holdings (OTCQB: VBHI) has announced the acquisition of two oil and gas leases in Jack County, Texas, including two wells with historical production capabilities. The acquisition, valued at $20,000, will enhance Verde's resource base and is expected to significantly increase revenue and reserve valuation. The company aims to re-enter and re-work the wells to optimize production. This strategic move aligns with Verde's growth strategy in the oil and gas sector, establishing it as a dual-asset, full-cycle E&P company.

Verde Bio Holdings, Inc. (OTCQB: VBHI) reported a 384% increase in total adjusted revenue to $719,997.82 for the fiscal year ending April 30, 2022, compared to $48,520.22 in 2021. Despite a net loss of $3,422,146, the company is optimistic about future revenue growth, driven by rising oil and gas prices and successful acquisitions. They executed 18 revenue-producing acquisitions, enhanced their portfolio, and cleaned up over $1.3 million in toxic debt. The company aims to list on NASDAQ or NYSE American and pursue larger acquisitions to strengthen their balance sheet.

Verde Bio Holdings (OTC: VBHI) continues to thrive in the elevated oil and gas market, with over 400 wells and recent permits for 18 new wells and 15 additional drilling permits. The company asserts that this environment yields revenues without incurring extra expenses and emphasizes prudent past acquisitions based on lower oil prices. However, higher asset prices challenge new acquisitions. Verde is pursuing strategic growth opportunities, including a significant natural gas royalty acquisition in Haynesville Shale, generating over $70,000 monthly in revenue, and is actively raising capital for this purpose.