VERDE BIO HLDGS INC - VBHI STOCK NEWS

Verde Bio Holdings, Inc. (OTC:VBHI) provided an update to shareholders on September 16, 2021, focusing on its operational performance and financial standing. The company encountered delays in its 10-K filing due to accounting changes but has hired an oil and gas accounting team to prevent future issues. Highlights include raising $10 million through a Reg A+ offering, closing 15 acquisitions, becoming cash flow positive, and eliminating over $1.5 million in convertible debt, resulting in a debt-free status. The company aims for an OTCQB or OTCQX uplisting and will enhance shareholder communication through website updates.

Verde Bio Holdings, Inc. (OTC: VBHI) announced a delay in filing its Annual Report on Form 10-K for the fiscal year ended April 30, 2021, due to the complexities arising from recent acquisitions and compliance with SEC oil and gas accounting rules. The company has completed 16 acquisitions, with 10 occurring in the fourth quarter, expanding its revenue base but increasing the complexity of financial reporting. CEO Scott A. Cox emphasized the importance of maintaining compliance in accounting and filings, indicating that the 10-K will be filed as soon as possible.

Verde Bio Holdings (OTC: VBHI) has filed a Form 12b-25 Notification of Late Filing for its Annual Report on Form 10-K for the fiscal year ending April 30, 2021. This extension, requested due to complexities from 16 significant acquisitions—10 completed in the fourth quarter—will allow more time for financial statement preparations. CEO Scott A. Cox emphasized the importance of accuracy over speed to avoid potential errors and restatements, given the company’s new obligations under SEC oil and gas accounting rules.

Verde Bio Holdings (OTC: VBHI) has announced the sale of two oil assets for $1,105,000, expected to close by July 23, 2021. The company anticipates an approximately 84% profit from this transaction, having held the assets for just over three months. Additionally, Verde expects to receive around $80,000 in production revenue from the wells between March 1 and July 31, 2021. The CEO, Scott Cox, emphasized the opportunity to reinvest the proceeds into better-performing assets as part of their strategic growth plan.

Verde Bio Holdings, Inc. (OTC: VBHI) has successfully closed an $800,000 acquisition in the Haynesville Shale, effective June 1, 2021. This deal adds to Verde's total of 16 mineral and royalty agreements, with expected combined revenues exceeding $1.1 million annually as the company matures into pay status on all wells. The acquisition, located in Bienville Parish, Louisiana, is operated by Aethon Energy, enhancing Verde's revenue stream from four existing wells and positioning it for growth as new wells are anticipated. The deal capitalizes on low-priced assets amid rising energy prices.

Verde Bio Holdings, Inc. (OTC: VBHI) has launched a new website to enhance investor engagement. The site features modern design, easy navigation, and resources for potential investors. CEO Scott Cox emphasized the importance of providing insights into the company's business strategy and growth plans. A highlight of the website is an animated video explaining Verde Bio's strategies and successes.

With operations in multiple U.S. basins, the company focuses on acquiring and developing high-growth mineral rights and aims to deliver strong shareholder returns.

Verde Bio Holdings (OTC: VBHI) has successfully closed a $10 million offering under Regulation A-Tier 2, enabling the company to advance its strategy of building a diverse portfolio of high-quality assets. To date, Verde has acquired 15 properties, projecting approximately $82,000 monthly revenue, totaling around $984,000 annually when fully operational. The CEO highlighted strong investor support and the opportunity to capitalize on the current low-priced market for further acquisitions, reinforcing their commitment to long-term shareholder value.

Verde Bio Holdings, Inc. (OTC: VBHI) has completed an acquisition of mineral and royalty interests valued at $1.1 million, expected to generate approximately $24,000 monthly revenue. The portfolio includes properties in the DJ Basin, Piceance Basin, and Utica Shale, enhancing Verde's cash flow starting May 1, 2021. The transaction marks the company's 15th acquisition, projecting combined monthly revenues of $82,000 or $984,000 annually. CEO Scott Cox highlighted the strategic importance of this deal in strengthening Verde's portfolio and driving shareholder value.

Verde Bio Holdings, Inc. (OTC: VBHI) has announced the acquisition of a diversified portfolio of oil and natural gas interests for $1,097,000. The acquisition includes assets in the DJ Basin, Piceance Basin, and Utica Shale, generating current revenue of approximately $24,000 per month. Expected revenues from all properties will total around $82,000 monthly post-acquisition. The company aims to leverage this transaction to build a robust revenue-producing portfolio and enhance shareholder value. The deal is set to close by May 18, 2021.