Verde Bio Holdings Updates Shareholders
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.
- Continued due diligence on the acquisition of two operational biodiesel plants.
- Preparation for timely 10Q filing due March 15.
- Ongoing evaluation of additional acquisitions in the oil and gas sector.
- Complexity of the transaction could delay completion.
- Dependence on market acceptance of products and services remains uncertain.
FRISCO, Tex., Feb. 03, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Verde Bio Holdings, Inc. (OTCQB: VBHI) (www.verdebh.com) said today that due diligence and work on transaction acquisition details continues in its agreement to acquire two operational biodiesel plants.
The agreement was first announced in a news release in December 2021. “This is a complex transaction, and it is important that everything is handled correctly,” said Scott Cox, VBHI founder and CEO.
Mr. Cox also said the Company has begun work on its 10Q due March 15th. “We are aware of the importance of a timely filing,” the Company’s CEO said. He also announced the Company continues to evaluate potential acquisitions in the oil and gas sector. “We are confident on the promise of this energy sector,” Mr. Cox said.
About Verde Bio Holdings, Inc. Verde Bio Holdings, Inc. (OTC: VBHI) is an Energy Company based in Frisco, Texas, engaged in the acquisition and management of Mineral and Royalty interests in lower risk, onshore oil and gas properties within the major oil and gas plays in the U.S. The Company’s dual-focused growth strategy relies primarily on leveraging management’s expertise to grow through the strategic acquisition of revenue producing royalty interest and strategic and opportunistic non-operated working interests.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
Statements in this press release that are not strictly historical are “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These statements involve a high degree of risk and uncertainty, are predictions only and actual events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include the uncertainty regarding viability and market acceptance of the Company’s products and services, the ability to complete software development plans in a timely manner, changes in relationships with third parties, product mix sold by the Company and other factors described in the Company’s most recent periodic filings with the Securities and Exchange Commission, including its 2019 Annual Report on Form 10-K and quarterly reports on Form 10-Q.
Contact:
Paul Knopick E & E Communications
pknopick@eandecommunications.com
940.262.3584
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