VERDE BIO HLDGS INC - VBHI STOCK NEWS

Verde Bio Holdings, Inc. (OTCQB: VBHI) has announced its 19th acquisition, purchasing revenue-generating mineral and royalty interests in the Haynesville Shale, Louisiana, for $3.2 million. This acquisition is expected to produce approximately $70,000 monthly in revenue, effective from May 1, 2021. The deal includes about 5,760 acres and access to 31 producing wells, with potential for further development. CEO Scott Cox expressed optimism about the asset's quality and the company's growth strategy, aiming to diversify and build a strong revenue-producing portfolio.

Verde Bio Holdings (OTCQB: VBHI) has appointed PCG Advisory, Inc. as its strategic advisor for investor relations and digital strategies. Scott Cox, CEO, noted the company's strong asset foundation and potential for growth due to favorable cash flow and commodity prices. The partnership aims to enhance Verde's visibility in the energy sector, aligning with their strategy of acquiring mineral and royalty interests in U.S. oil and gas properties. Despite recent uplisting to OTCQB, the company aims to raise awareness among investors through effective communication strategies.

Verde Bio Holdings, Inc. (OTCQB: VBHI) reports the filing of ten new drilling permits in the Permian Basin, signaling potential revenue growth as crude oil prices exceed $100. The permits are filed by experienced operators SEM, Ovintiv, and EOG, and are expected to generate additional revenue without further investment from VBHI. The company remains proactive in exploring strategic acquisitions, including alternative energy projects, and has also announced a recent oil royalty acquisition in the Bakken Shale.

Verde Bio Holdings, Inc. (OTCQB: VBHI) announced its agreement to purchase mineral and royalty interests in the Bakken Shale, North Dakota, for $415,000. The acquisition includes rights to 21 producing wells, generating approximately $5,500 in monthly revenue. The deal aligns with Verde's strategy to diversify its revenue-producing assets. The purchase is expected to close by April 15, 2022, enhancing the company's portfolio and potential cash flow. CEO Scott Cox emphasized the importance of this acquisition for long-term shareholder value amidst favorable oil market conditions.

Verde Bio Holdings (OTCQB:VBHI) reported mineral and royalty income of $301,567 in its 10-Q for November 2021 to January 2022, marking a revenue increase but below expectations. CEO Scott Cox noted delays due to property consolidations impacting revenue recognition. With oil prices rising above $120/bbl, Verde anticipates significant revenue growth from its acquisitions, including a gas asset in the Utica Shale and an oil asset in the Permian Basin. The company is also exploring renewable energy investments and plans a name change to align with its energy focus.

On March 10, 2022, Verde Bio Holdings, Inc. (OTCQB: VBHI) announced the termination of its agreement to purchase two biodiesel facilities initially disclosed in December 2021. CEO Scott Cox emphasized the company's disciplined approach to acquisitions, citing concerns over debt levels and the time needed to generate revenue from the facilities. Verde remains committed to its growth strategy in oil and gas royalties and alternative energy investments, focusing on creating long-term shareholder value amidst positive market conditions, with crude oil prices over $100/barrel.

Verde Bio Holdings, Inc. (OTCQB: VBHI) reports promising updates amid rising oil prices, nearing $100 per barrel with forecasts suggesting $150. The company has secured six permits for oil and two for natural gas, indicating potential revenue growth without additional investments due to its mineral and royalty interests. A new acquisition has been announced as the 17th in the sector, with ongoing due diligence for acquiring two biodiesel plants. The CEO emphasizes the strategic acquisitions aimed at expanding their portfolio, leveraging favorable market conditions.

Verde Bio Holdings (OTCQB: VBHI) has acquired mineral and royalty interests in Howard County, Texas, for $325,000 in cash. The acquired interests comprise six wells operated by Ovintiv, producing approximately $5,500 monthly in revenue. This acquisition aligns with Verde's strategy of building a diversified portfolio of high-quality, revenue-producing assets in the U.S. oil sector. With oil prices around $90 per barrel, the company aims to create long-term value for shareholders through strategic acquisitions and strong operational practices in the Permian Basin.

Verde Bio Holdings, Inc. (OTCQB: VBHI) continues its due diligence on the acquisition of two biodiesel plants, enhancing its growth strategy in the energy sector. Initially announced in December 2021, CEO Scott Cox emphasized the complexity of the transaction, ensuring thorough handling. The company is also preparing for its upcoming 10Q filing due on March 15th, underlining its commitment to timely reporting. Additionally, Verde is exploring further acquisitions in the oil and gas sector, confident in the sector's potential.