Verde Bio (VBHI) Announces Divestiture, Collects Profits and Continues to Seek Opportunities

Today, Verde Bio Holdings (VBHI) announced an opportunistic divestiture of assets. The sale to a private buyer closed on 6/23/23 for $398,750. The transaction was comprised of 55% interest in three of VBHI’s non-core lower performing assets. The company intends to reinvest all proceeds from the recent sale into higher performing assets as they evaluate a number of other potential acquisitions.

Despite its current size, VBHI has an opportunity for growth potential due to many factors including their unique strategy, in the space. VBHI is a mineral rights and acquisitions specialist acquiring interests in lower risk, onshore oil and gas properties within the major oil and gas plays in the United States.

“This is a great example of responsible portfolio management and solid execution of our business model,” Mr. Cox, CEO of Verde, stated. “Our strategic acquisition strategy allowed us to purchase these assets at historically low prices and then monetize them as commodity prices rose to recent highs.”

Share this article:

Disclaimer

This communication was produced by Prism MarketView, an affiliate of PCG Advisory Inc., (together “PCG”). PCG is an integrated investor relations, communications and strategic advisory firm. The information contained on this is ‘Paid Advertising’ for purposes of Section 17(b) of the Securities Act of 1933, as amended (together with the rules and regulations there under, the “Securities Act”). “PCG” and its affiliates are compensated by respective clients for publicizing information relating to its client’s securities. For more information in terms of compensation received for services provided by PCG, see the pertinent advertising materials relating to the respective client. By accessing this Site and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy…

Share this article:
Read Full Disclaimer

Share This Article

 

About the Author

Verde Bio (VBHI) Announces Divestiture, Collects Profits and Continues to Seek Opportunities

Editor Prism MarketView