Verde Bio (VBHI) Financial Report Summaries

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New words: Absent, acquired, aforementioned, aggregate, Alternatively, appoint, area, assist, backup, bank, Belmont, bid, board, calendar, capacity, case, cease, certificate, combination, committee, complex, corporate, corporation, COSO, criteria, deficiency, Desoto, detected, divested, dual, energy, entity, establish, established, event, evidence, exempt, expert, expertise, expired, fact, failure, fifteen, firm, flowing, foregoing, formal, Formation, Framework, goal, grow, growing, growth, handling, high, Howard, ii, iii, important, incurrence, independent, industry, intent, interim, Jacksboro, lack, Laramie, leveraging, limited, member, merged, merger, merit, misplacement, misstatement, mitigated, modified, Ohio, onshore, oversight, Parish, past, personnel, play, poor, power, practical, prevented, primarily, procedure, provision, pure, quality, registration, Regulation, reliance, remediation, review, satisfaction, scientific, segregate, segregation, SensaSure, separate, settlement, showed, signature, spending, Sponsoring, squarely, SSTC, stockholder, storage, strategic, strategy, supplemented, surface, surviving, technical, technology, theft, transferred, Treadway, unique, unmitigated, unpaid, utilized, utmost, view, waiver, Wyoming

Removed: activity, designated, evaluating, found, guarantee, issue, light, proposed, reflected, revise, shareholder, subscribe, unregistered, VBH

From filing 10-Q 2024 Q3

Financial report summary

Management Discussion

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION
The Company is a growing U.S. energy company based in Jacksboro, Texas, engaged in the acquisition and development of high-probability, 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 non-operating, working interests and royalty interests with the goal of developing into a major company in the industry. In order to develop as a well-positioned oil and gas minerals pure play company squarely focused on the acquisition of high quality, cash flowing oil and gas minerals and royalties, on December 11, 2023, the Company entered into that certain agreement and plan of merger with SensaSure Technologies Inc., a Nevada corporation (“SSTC”), and Formation Minerals Inc., a Nevada corporation and wholly-owned subsidiary of SSTC (“Merger Sub”), as amended as of February 8, 2024 (the “Merger Agreement”), providing for the merger of Merger Sub with and into the Company, with the Company continuing as the surviving entity (the “Merger”). Subject to the satisfaction or waiver of closing conditions, the Merger is expected to close in the second calendar quarter of 2024.