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$84M. The Company anticipates that subsequent events and developments will cause its views to change. Bright Green Former CEO Claims Valuation Fraud. By continuing I agree to your Privacy Policy and consent to receive relevant newsletters and other email communications on events, editorial features, and special partner offers from Green Market Report. Bright Green Corporation accepts $1 donations for the One Tree Planted project to help fund the project. Yes, cannabis stocks are a good investment that can help you diversify your portfolio, but you should monitor the sector carefully because rules and regulations change frequently, impacting the profitability of many of these corporations. The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Raw Stochastic average of Bright Green Corporation in the period of last 50 days is set at 34.72%. Not sure I can buy the story about continuing to work even though he wasnt paid. Get Bright Green Corp (BGXX)'s stock analysis, price valuation, corporate actions, and financials from India's independent mutual fund research house. Michelle Lujan Grisham and Bright Green Corp. announced Monday a $300 million investment in a state-of-the-art agricultural ecosystem on company-owned property in Grants, New Mexico, embracing the latest technology and automation . The expert team involved in the processes and leading the company forward have experience in various aspects of its operation, such as agriculture, marketing, manufacturing, greenhouse operation, body health and wellness, medical science, and technology. He is also the chief executive officer of the corporation. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders equity. In the last 20 days, the companys Stochastic %K was 21.09% and its Stochastic %D was recorded 15.45%. The Company undertakes no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In 2017, John Stockwell was listed as the CEO of Bright Green according to, which stated the greenhouse would open in 2017. Should the legal process with the DEA move along as planned, Bright Green will command a significant advantage over other U.S. pure cannabis firms, which are limited to strict state-based jurisdictional limitations. GRANTS, N.M., Nov. 14, 2022 (GLOBE NEWSWIRE) -- Bright Green Corporation (Nasdaq: BGXX) ("Bright Green" or "the Company . De Chanville and Raisson were both doing DIY projects and noticed that they were having a challenging time buying products online to complete, Read More 20 Things You Didnt Know about ManoManoContinue, Waste Management is a company with a unique logo that is recognizable. $0.49. Bright Green is one of the very few companies selected by the US government to grow, manufacture, and sell, legally under federal and state laws, cannabis and cannabis-related products for research, pharmaceutical applications and affiliated export. DATES: Registered bulk manufacturers of the affected basic class(es), and applicants therefore, may submit electronic comments on or objections to the . It is a company that is dedicated to furthering research to improve the quality of human life. The Company has also recently executed a Letter of Intent with Alterola Biotech Inc. (OTC PINK: ABTI), a U.K.-based pharmaceutical company focused on developing cannabinoid and cannabinoid-like medicines and products, for the supply of cannabinoid Botanical Raw Material (BRM) and Active Pharmaceutical Ingredients (APIs) in preparation for the release of appropriate product, which also further enhances the relationship between the Company and Alterola as previously announced. But they dont care because theyve already secured their bag. But thats also where Bright Green is unique among marijuana stocks. No additional shares are offered to the public, which reduces scrutiny. Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stocks existing status and the future performance. Bright Green Corporation is a vertically integrated cannabis company and multi-state operator in the US and internationally. / EIN News / -- GRANTS, N.M., Jan. 17, 2023 (GLOBE NEWSWIRE) -- Bright Green Corporation (NASDAQ: BGXX) ("Bright Green" or "the Company"), one of the very few companies selected by the U.S. government to grow, manufacture, and sell, legally under federal and state laws, cannabis and . The other four companies have just as much potential. When the Bright Green Corporation first came into existence, it was a privately owned business. Bright Green Announces Closing of $10.0 Million Private Placement. After six months of work, Fikany had yet to be paid. Ed is a strategic planner who lends his expertise as an advisor to Bright Green Corporation and serves on its board of directors. Learn how your comment data is processed. The DEA also would not confirm it had a contract with Bright Green and wouldnt comment on the MOA. We thank the DEA for their support and their continuous visits to our state-of-the-art agricultural and schedule 1 manufacturing complex in Grants, said Terry Rafih, Chief Executive Officer and Chairman of the Board of Bright Green. The back story of the cannabis concept stock Bright Green (NASDAQ: BGXX) involves a burned-down building, a years-long battle with the state of New Mexico, a bankruptcy case, and an angry former CEO who is accusing the company of fraud. According to the bankruptcy documents, in about 2003 Stockwell purchased the assets of Agstar of New Mexico, Inc., including greenhouses in Grants and Estancia, New Mexico. GRANTS, N.M., March 29, 2022 (GLOBE NEWSWIRE) -- Bright Green Corporation ("Bright Green"), one of the very few companies selected by the US government to grow, manufacture, and sell, legally . GRANTS, N.M., Jan. 17, 2023 (GLOBE NEWSWIRE) -- Bright Green Corporation (NASDAQ: BGXX) (Bright Green or the Company), one of the very few companies selected by the U.S. government to grow, manufacture, and sell, legally under federal and state laws, cannabis and cannabis-related products for research, pharmaceutical applications and affiliated export, today provided an update on progress on the execution of its business plan and the developments ahead for 2023. Without electricity, they couldnt pump water to fight the fire, and the Estancia greenhouse was destroyed. It has grown to become the largest of its kind in the world. At the end of the latest market close, Bright Green Corporation (BGXX) was valued at $0.38. Another thing that is unique about companies going public is that the SEC requires a bankruptcy to be disclosed to potential shareholders. Company owes more that $400,000 in unpaid principal and interest. Every company that he has been involved with has lost massive amounts of money or gone bankrupt. The Sunnyland fire was most likely arson, as he knew with the hydro shut off, he had the perfect storm to destroy the place, and make it look legit. The minimum target price for Bright Green analysts is $ None. "This quarter, Bright Green reached . Still, not everything about Bright Green is positively compelling. He was then terminated. To learn more, visit www.brightgreen.us. GRANTS, N.M., Jan. 17, 2023 (GLOBE NEWSWIRE) -- Bright Green Corporation (NASDAQ: BGXX) ("Bright Green" or "the Company"), one of the very few companies selected by the U.S. government to grow, manufacture, and sell, legally under federal and state laws, cannabis and cannabis-related products for research, pharmaceutical applications and affiliated export . Thus, he didnt meet the conditions of his employment and was terminated. It also provides an avenue for individuals who are trying to build, Read More 20 Companies Similar to FingerhutContinue, Phillipe De Chanville and Christian Raisson founded ManoMano in Paris in 2013. This company, however, is sitting on a goldmine opportunity as it plans to produce 30,000 tonnes per annum over the next 3.5 years from this single deposit. As a direct listing, pricing data for BGXX stock wont be available until the free market determines what it will be. Following the U.S. Drug Enforcement Administration (DEA) inspection of Bright Greens agricultural complex, including its pre-existing facilities, as well as greenhouses and manufacturing facilities, in September 2022, the Company are very pleased to announce the completion of its processing facilities and have now scheduled a dry run audit, testing both the SOPs (Standard Operating Procedures) and processing capabilities as a requirement before final registration. Edward Robinson is the chief executive officer and director of Bright Green Corporation. Bright Green Corporation stocks (BGXX.US) are listed on the NASDAQ and all prices are listed in US Dollars. There are not analysts providing consensus earnings estimates for the current fiscal year. The overarching goal of the Bright Green Corporation is to provide essential products for researchers in their quest to promote medical science and body, health, and wellness for humans through its cannabis products. Bright Green Corporation employs 0 staff and has a market . Requirements from NASDAQ about direct listings state that in the NASDAQ Capital Market guidelines, The listing company must have a recent valuation from an independent third party indicating in excess of $10 million to $30 million in the aggregate market value of publicly held shares, depending on the financial standard met. Bright Green stock forecasts are adjusted once a day based on the closing price of the previous trading day. Consult a good lawyer and add NASDAQ to the case. Extending health through cannabis, Bright Green is leading the way on plant-based therapies. The back story of the cannabis concept stock Bright Green (NASDAQ: BGXX) involves a burned-down building, a years-long battle with the state of New Mexico, a bankruptcy case, and an angry former CEO who is accusing the company of fraud. Agent Name CORPORATION SERVICE COMPANY Agent Address 251 LITTLE FALLS DRIVE, WILMINGTON, New Castle, DE, 19808 Tovbbi informcirt s a belltsi lehetsgek kezelshez kattintson a Belltsok kezelse gombra. The methods help eliminate the potential for genetic drift and disease while preserving the consistency of the products. The pharmaceutical manufacturer focuses on the development of cannabis-based products for research into treatments and cures in the pharmaceutical industry. GRANTS, N.M., Jan. 17, 2023 (GLOBE NEWSWIRE) -- Bright Green Corporation (NASDAQ: BGXX) ("Bright Green" or "the Company"), one of the very few companies selected by the U.S. government to grow, manufacture, and sell, legally under federal and state laws, cannabis and cannabis-related products for research, pharmaceutical applications and affiliated export, today provided an update on . Recent cannabis research shows that the primary use of the plant in the U.S. remains overwhelmingly recreational, to the tune of 89.5% versus 10.5% solely for medical purposes. Requirements from NASDAQ about. They currently have less 700k in cash. Currently, 35 states have issued mandates legalizing cannabis, which collectively offers a total addressable market of 3.6 million state-legal medical cannabis patients. The public can only buy the shares that are sold by the insiders. Ultimately, Stockwell refused to send the escrow money to the Acoma Pueblo and that deal fell through. Since you would be acquiring already existing shares, you might end up receiving a fair market price since pure demand would drive the new listing. The systems of Bright Green operations are a meticulously ordered set of processes that involve the management of an enclosed greenhouse ecosystem. He began working for the company on May 1, 2018, as CEO with a salary of $1 million and was to receive $500,000 on the first day of employment. Here let me add a few more to your list: 21. At some point during these years, it seems the Sunnyland greenhouses were transferred to Lynn Stockwell who then transferred the property to Bright Green. Bright Green Corporation focuses on the propagation, cultivation, and manufacturing of cannabis products. Some of the key advantages of Bright Green are listed below: Finally, Bright Green is constructing a state-of-the-art $300 million complex in Grants, New Mexico, that per its website will become the nations largest federally authorized and most advanced manufacturing and research facilities for plant-based therapies, including cannabis.. 26. Company remains on track to start cultivation by the end of the year. Thus, the relevance for BGXX stock could be more limited than its underlying marketing literature implies. In the case of Bright Green, the company states that no director or executive officer has filed for bankruptcy. Similar companies that work in the production of hybrids could learn some practical lessons from the Bright Green Corporation model. However, from time to time, the market can act irrationally. The products are prized by researchers in pharmaceutical applications as they promote adherence to academic rigor and fewer variables to account for while generating meaningful research data. The Companys actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in the Companys Registration Statement on Form S-1 filed with the Securities and Exchange Commission (the SEC) on March 29, 2022 and declared effective May 13, 2022, and in the Companys Quarterly Report on Form 10-Q/A filed with the SEC on August 19, 2022, as well as other documents that may be filed by the Company from time to time with the SEC. The Bright Green Corporation runs a tight ship, 7. Still, reputational damage presents a headwind for marijuana stocks, thereby forcing investors to take a cautious approach. Bright Green (BGXX 4.96%), was quite the outlier on . Our team is cultivating the industrys critical news into one source and providing open source insights and data analysis, Bespoke Financial Sues In Da Cut For Not Paying Its Debt https://t.co/cStDNi2CYO, Number of the Week: 35% https://t.co/czF1LKKFvP, Cannabis ETF Investors: Bad Timers, but Committed https://t.co/2sN9SCgUDh. Subscribe to the Green Market Report newsletter that gives you original content delivered straight to your inbox. At the same time, institutional investors have not had the time to perform a price discovery process, meaning that you would not be working with an established benchmark to judge fair value. It stands the best chance of making the emergence of the cannabis industry into the public market a successful venture, but only time will tell. Though the pros and cons of each format goes beyond the scope of this article, an IPO provides price stability in that underwriters negotiate terms before the newly listed company goes public. They will live high on the hog one day, and the next they wont open their door for registered mail, because of lawsuits and creditors trying to get their money. On further appeal, in 2013 the New Mexico Supreme Court reversed the Court of Appeals decision in part, increasing Stockwells award to about $7.4 million. However, Bright Greens DEA authorization should go a long way to assuaging those fears. https://www.greenmarketreport.com/bright-green-former-ceo-claims-valuation-fraud/. The NASDAQ seems to be playing along even though it also doesnt seem to have vetted the companys valuation claims. The fire apparently devastated Stockwell financially according to the bankruptcy documents. Sector(s):HealthcareIndustry:Drug ManufacturersSpecialty & GenericFull Time Employees: Bright Green Corporation focuses on the propagation, cultivation, and manufacturing of cannabis products. State-of-the-Art 22-Acre Greenhouse Slated for Completion in August. That is the equivalent of 115 acres of advanced manufacturing technology. He sued CNMEC in 2005, alleging that the utility wrongfully disconnected the electricity service and was awarded about $22 million in damages. It has these things going for it, but Bright Green faces an uncertain future, as do all companies involved in the cannabis industry. So he lists his wife as founder. Current Price. GRANTS, N.M., Oct. 07, 2022 (GLOBE NEWSWIRE) -- Bright Green Corporation (NASDAQ: BGXX) ("Bright Green" or "the Company"), one of the very few companies selected by the U.S. government to . This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Unlike a traditional bread-and-butter IPO, BGXX stock will enter the market via a special category called a direct public offering (DPO) or better known as a direct listing. But this is just one of the opportunities we have researched in our free report. Bright Green Corporation provides federally-authorized researchers legal access to high-quality cannabis and associated products. Its products cannot be sold directly to consumers, but there are plenty of research facilities that will gladly become regular customers. Unfortunately, one of Stockwells employees inadvertently started a fire at the Estancia greenhouse. The bank that helped them list directly should be held accountable. It is a highly productive growth strategy that results in mature clone plants created from tiny clippings. Its still in the developmental stages of that part of its journey. BRIGHT GREEN CORPORATION Company Number 6763218 Incorporation Date 20 February 2018 (almost 5 years ago) Company Type Corporation Jurisdiction Delaware (US) Previous Names. Bright Green Corporation provides federally-authorized researchers legal access to high-quality cannabis and associated products. The idea is that investors should have adequate information in order to make a wise investment decision. Acquisition will support Bright Green's ability . Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond the Companys control. Cautionary Note Regarding Forward-Looking Statements:This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Most companies clean up lawsuits before going public so that investors wont see the dirty laundry. Bright Green Corporation v. John Fikany, D-1333-CV-2020-00231, State of New Mexico, County of . Bright Green Corp's trailing 12-month revenue is $0.0 million with a % profit margin. Does that make sense to you? Brmikor mdosthatja a kivlasztott belltsait az Adatvdelmi lehetsgek oldalon. Total Debt to Equity Ratio (D/E) can also provide valuable insight into the companys financial health and market status. Can I sue the company it took my 15K out of 30K investment, their fraud resulted in a heavy loss for me. At the end of the latest market close, Bright Green Corporation (BGXX) was valued at $0.38. The excitement was short-lived, as the stock crashed back down to Earth. Bright Green Corporation (Nasdaq: BGXX ) First US marijuana plant-touching company to list on the The company played up its connection to the DEA suggesting that the Memorandum of Agreement was a done deal, even though the company doesnt have a formal contract with the DEA. Az adatvdelmi irnyelvek kztt s a Cookie-szablyzatban bvebben olvashat arrl, hogyan hasznljuk fel az adatait. December 15, 2022. By utilizing traditional debt financing to secure interim working capital, and as a bridge to the more substantive and longer-term equity investments, through both Federal and State programs, Bright Green aims to deliver the required investment in the company with a minimally dilutive effect, said Seamus McAuley, Chief Operating Officer of Bright Green. This site uses Akismet to reduce spam. 28. Bright Green Provides Update on Progress as It Prepares for Multiple Activities in 2023. The enterprise produces its cannabis crop through a system of tissue culture propagation. Bright Green recently began trading on the NASDAQ (NDAQ) as a direct listing, not as an Initial Public Offering (IPO). GRANTS, N.M., Jan. 17, 2023 (GLOBE NEWSWIRE) -- Bright Green Corporation (NASDAQ: BGXX) (Bright Green or the Company), one of the very few companies selected by the U.S. government to grow, manufacture, and sell, legally under federal and state laws, cannabis and cannabis-related products for research, pharmaceutical applications and affiliated export, today provided an update on progress on the execution of its business plan and the developments ahead for 2023. The potential for receiving full federal recognition for its business purposes is high. Bright Green Corporation ( NASDAQ: BGXX) has filed to raise an undisclosed amount via a direct listing of its common stock, according to an S-1 registration statement. Bright Green Corp does not have a meaningful P/E due to negative earnings over the last 12 trailing months. Year-over-year quarterly sales growth most recently was %. Bright Green to Commence Trading on Nasdaq on May 17, 2022, Cannabis Watch: Cannabis company that DEA is allowing to grow for research purposes to list shares on Nasdaq, Bright Green Corp. files plans to directly list shares on the Nasdaq as a DEA-licensed pot grower, Bright Green Announces Filing of Registration Statement for Proposed Direct Listing of its Class A Common Stock. Bright Green Corporation is a provider of cannabis, cannabis-related products, and other legal medicinal plant-based therapies, manufactured in exact formulations for research and pharmaceutical applications, as well as ingredient to consumer-based solutions. Prior to becoming a financial journalist, Debra was a Vice President at Bear Stearns where she held a Series 7 and Registered Investment Advisor license. The documents state that Stockwell approached Capussi and asked for assistance in starting a greenhouse business in New Mexico. The research complex is located in Grants, New Mexico, although the headquarters for Bright Green is in Fort Lauderdale, Florida. Designed and Developed by Black Rock Digital Agency. Our conditional approval based on already agreed terms from the U.S. Drug Enforcement Administration gives us the opportunity to advance our vision of improving quality of life through the opportunities presented by cannabis-derived therapies. state that in the NASDAQ Capital Market guidelines, The listing company must have a recent valuation from an independent third party indicating in excess of $10 million to $30 million in the aggregate market value of publicly held shares, depending on the financial standard met. Words such as expect, anticipate, should, believe, hope, target, project, goals, estimate, potential, predict, may, will, might, could, intend, shall and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Bright Green has an understanding with the Drug Enforcement Administration, 12. Subscribe to learn about the latest medical cannabis research, keep current on new resources and stay up on other news related to plant-based therapies. Their conditional understanding with the DEA is for research purposes only. The cannabis plant breeding program of the Bright Green Corporation stands out from similar companies. The basic concept between an IPO and DPO is the same: enable retail (public) investors to acquire shares of a previously privately held enterprise. The Company is engaged in cannabis propagation, cultivation, and manufacturing of . Below is a list of best brokers to consider. Santa Fe, N.M. -- Rural New Mexico will soon be the home to one of the nation's largest cannabis manufacturing and research facilities, New Mexico Gov. Bespoke Financial Sues In Da Cut For Not Paying Its Debt, Cannabis ETF Investors: Bad Timers, but Committed, Texas Poised to License More Low-THC Dispensaries, Bespoke Financial Sues 'In Da Cut' For Not Paying Its Debt, New BDS Analytics Report Forecasts CBD Sales To Reach $20 Billion By 2024, International Cannabis Reform Ramps Up in Europe, South America. USD, Bright Green Provides Update on Progress as It Prepares for Multiple Activities in 2023, Bright Green Announces Third Quarter 2022 Financial Update and Milestone Progress, Bright Green Strengthens its Scientific Advisory Board with the Appointment of Five Additional Biotech and Pharmaceutical Leaders, Bright Green Issues Statement on President Biden's Announced Historic Marijuana Reform, Bright Green Announces Close of Transaction with Alterola Biotech, Bright Green Provides Progress Updateon its Agricultural Complex in Grants, New Mexico, Bright Green Announces Closing of $10.0 Million Private Placement, Bright Green Announces Pricing of $10.0 Million Private Placement, Bright Green Signs Letter of Intent with Alterola Biotech for Strategic Partnership and Acquisition, Bright Green Announces Second Quarter 2022 Financial Update and Milestone Progress, Bright Green, Staffing 360 Solutions And 3 Stocks To Watch Heading Into Tuesday, 6 Stocks Halted In Thursday's Session: Here's Why. The shares increased approximately by 12.89% in the 7-day charts and went up by -19.91% in the period of the last 30 days. Bright Green Corp IPO'd on May 17, 2022, selling more than 150 million shares at a value of $15.99 per share and closed that day at $25.25 with a valuation of . Enjoying a colorful history in the U.S., the passage of the 1970 Controlled Substances Act outlawed the use (including for medical purposes) of the much-maligned plant. To understand the meaning of the, Read More The History of and Story Behind the Waste Management LogoContinue, Foxconn is a Taiwanese startup that has evolved into a multinational electronics contract manufacturing company. This is company is laughable. In this context, the forecast calls for clear weather for cannabis specialist Bright Green Corp. I am also pleased with the Bright Green teams progress and as a result the Company will move forward with building revenue and creating a significant future for our stakeholders. If youre not yet familiar with the organization, here are twenty things you probably didnt know about Bright Green Corporation to bring you up to speed. Debra has a Master's degree in Business Journalism from New York University. If you judged it regarding the age of the operation it would still be in its infancy stage of development, but thats not the case for Bright Green. With the $65.9 billion market estimate, sizable profits are possible. Following the U.S. Drug Enforcement Administration (DEA) inspection of Bright Greens agricultural complex, including its pre-existing facilities, as well as greenhouses and manufacturing facilities, in September 2022, the Company are very pleased to announce the completion of its processing facilities and have now scheduled a dry run audit, testing both the SOPs (Standard Operating Procedures) and processing capabilities as a requirement before final registration. Bright Greens mission is to be the premier federally-authorized provider of cannabis, cannabis-related products, and other legal medicinal plant-based therapies, manufactured in exact formulations for research and pharmaceutical applications and an active ingredient to consumer-based solutions. Bright Green Corp. engages in the cultivation, manufacture, and sale of medical cannabis. Photo published by Albuquerque Business First. Second, federal approval for the specified scope of Bright Greens business may open pathways to future financial funding opportunities. GRANTS, N.M., May 16, 2022 (GLOBE NEWSWIRE) -- Bright Green Corporation ("Bright Green"), one of the very few companies selected by the U.S. government to grow . 1033 George Hanosh BoulevardGrants, NM 87020United States833 658 1799https://www.brightgreen.us. The Bright Green Corporation is credited for developing one of the most advanced greenhouse systems for agriculture that the world has known. Our mission is to make a difference and improve lives. Although cannabis use is still illegal at the federal level for recreational use it is legal as medication and for research purposes. Per its S-1 disclosure, management anticipates that its firm will receive final registration regarding federally sanctioned marijuana research in June 2022. 2023 All rights reserved. We have now established our leadership role in the medical side of this emerging market and expect to play a significant role in the United States as well as worldwide., Our approach to raising the requisite capital to execute our business plan is both creative and relatively unique. Granted they arent trading publicly, but they arent untested with regard to valuations. Despite your claims of their superior products, they dont even grow anything yet. Stockwell is a Canadian citizen and his next-door neighbor in Canada was Jerry Capussi who is suing for shares of Bright Green. Typically in groundbreaking ceremonies, only top executives or board members take the stage. Left to right: Dean Valore, Ed Robinson, Terry Rafih, Lynn Stockwell, John Stockwell, Robert Arnone. Many of the scams are basically pyramid scams. If youre from the Midwestern or Southern part of the United States, youre probably familiar with the Texas Roadhouse restaurant chain. Cautionary Note Regarding Forward-Looking Statements: The only thing keeping the deal from being consummated was that Bright Green needed to deposit some escrow money. He took over the role in 2019, although his LinkedIn profile only states he is a special advisor, he is on the company website as the CEO. He also supposedly received another 2.5 million shares. Bright Green Corporation to build $300M high-tech cannabis manufacturing and research facility in New Mexico. 1. GRANTS, N.M., Sept. 12, 2022 (GLOBE NEWSWIRE) -- Bright Green Corporation (NASDAQ: BGXX) ("Bright Green" or "the Company"), one of the very few companies selected by the U.S. government to grow, manufacture, and sell, legally under federal and state laws, cannabis and . Michelle Lujan Grisham and Bright Green Corp. announced Monday - a $300 million investment in a state-of-the-art agricultural ecosystem on company-owned property in Grants, New Mexico, embracing the latest . Bright Green Corporation grows, manufactures, and sells . Required fields are marked *. Your email address will not be published. According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 0.8620, with a change in the price was noted -0.77. This is also the second groundbreaking ceremony. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management as of such date. By logical deduction, cannabis which has been cultivated by humans for at least 12,000 years, per University of Connecticut research grower Shelley Durocher should then be a no-brainer investment category. Bright Green Corporation is a provider of cannabis, cannabis-related products, and other legal medicinal plant-based therapies, manufactured in exact formulations for research and pharmaceutical applications, as well as ingredient to consumer-based solutions. 23. Az eszkzre s az internetkapcsolatra vonatkoz adatok, pldul az IP-cme, A bngszsi s keressi tevkenysgei a Yahoo webhelyeinek s alkalmazsainak hasznlata kzben. Thats why it went from $58 to 2 dollars in two weeks. Santa Fe, NM, May 24, 2021 (GLOBE NEWSWIRE) -- Rural New Mexico will soon be the home to one of the nation's largest cannabis manufacturing and research facilities, New Mexico Gov. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Its a serious business that employs world-class professionals in their respective fields. Yes, cannabis stocks are legal to trade, but you should ensure that cannabis products are legal for you to own or transport in your state of residence or wherever you are traveling. Click here to download your Free Copy. The Bright Green Corporation invested $300 million in its new complex in 2021. The Acoma Pueblo sent documentation to formally withdraw from the deal. Robert Arnone is a director. Bright Green Corporation is a privately-owned company consisting of an executive team experienced in technology, greenhouse operation, manufacturing, marketing, agriculture, body health & wellness . The operating expenses were $2.5 million for 2021, yet the business had a cash balance of $1.3 million. In that particular session, Stock kicked-off at the price of $0.40 while reaching the peak value of $0.472 and lowest value recorded on the day was $0.385. The Stock rose vividly during, At the end of the latest market close, Trilogy Metals Inc. (TMQ) was valued at $0.60. Michigan-based Fikany is an accomplished executive who was once Vice President, North America sales strategy for Oracle, Vice President at Microsoft, and Vice President at Quicken Loans. Bright Green Corp. will undertake a $300 million investment in a state-of-the-art cannabis agricultural research and production facility on company-owned property in Grants, New Mexico. The Company undertakes no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Bright Green has a six-member board of directors, 10. Bright Green Corporations ISS Governance QualityScore as of N/A is N/A. There are currently several companies that have been approved by the DEA to sell cannabis to the Federal Government for research purposes, so the concept cannabis company actually does have existing companies for comparison in order to determine a true valuation. But the Florida-based company's shares have since plunged on the Nasdaq, from nearly $60 to the low single digits. Bright Green Corporation is an American pharmaceutical manufacturer that produces plant-based medicines and cannabis-related products for research and use in pharmaceutical applications. The medical marijuana market will explode over the next seven years. The massive production facilities located in New Mexico boast plans to build the facility to encompass incredible square footage of more than seven million square feet. Words such as expect, anticipate, should, believe, hope, target, project, goals, estimate, potential, predict, may, will, might, could, intend, shall and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. That business was called Sunnyland Farms based in Grants, New Mexico where Bright Green Cannabis is based. Bright Green Stock Makes Its Trading Debut. Therefore, established market analysts have not yet weighed in on Bright Greens potential and risk factors. Designed and Developed by Black Rock Digital Agency. Instead, this type of listing depends entirely on the availability of stock from current employees and investors. He gets an annual base salary of $540,000 paid in monthly installments. Debra Borchardt is the Co-Founder, and Executive Editor of GMR. 1. Other financial media also jumped in and never looked beyond the companys press release and helped tout the idea of a cannabis company trading on the NASDAQ. Thats of course after insiders sell their shares. Stockwells wife Lynn Stockwell is a Director of the company and owns 44% of the voting shares or 69 million shares. Lynn Stockwell is a founder and director. Fikany says in his lawsuit that Bright Green was a sham, operated illegally and fraudulently. He alleges that the Stockwells engaged in acts of fraudulent misrepresentation and attempted to force Fikany to aid and abet them in making fraudulent misrepresentations to investors concerning the valuation and progress of Bright Green Corporation. He is suing for $1.7 million in unpaid wages. Its a potting robot that reduces the need for human interaction. But how it goes about the process is different. Look it up. As of July 11, the stock's price was $2.22 per share a 95% fall from that May 2022 high. Although cannabis is not a legal industry in the eyes of the feds, the DEA granted conditional approval through a memorandum of understanding which makes Bright Green a legitimate federally legal cannabis grower and medical purpose distributor under the terms of agreement for sales to universities and research institutes. The Company anticipates that subsequent events and developments will cause its views to change. Do your homework people!! Alterola & Bright Green have today entered into a LoI to supply the necessary BRM and APIs to further advance development of Alterola's pharmaceutical assets Additional information regarding these and other factors that could affect the Companys results is included in the Companys SEC filings, which may be obtained by visiting the SEC's website at www.sec.gov. Although Capussi never signed any contracts with Stockwell, he met with state officials, helped put together business plans, talked to potential vendors, traveled to New Mexico, provided meeting facilities, and the like. You nor anyone else have any idea how tight of a ship they run because there is no ship. The company is sanctioned to provide cannabis, and cannabis-related products legally, for North American research projects. Bright Green Corporation produces crops of cannabis that are unique within the agricultural industry. The company is selective about the workers in charge of its live plant cultivation because the strains of the cannabis plants it develops must meet rigid standards of perfection. We have now established our leadership role in the medical side of this emerging market and expect to play a significant role in the United States as well as worldwide., Our approach to raising the requisite capital to execute our business plan is both creative and relatively unique. If you like to purchase items on credit, its one of the easiest companies to use. Ready to start growing your canna-business. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Subscribe to the Green Market Report newsletter that gives you original content delivered straight to yourinbox. These forward-looking statements should not be relied upon as representing the Companys views as of any date subsequent to the date of this press release. | Bright Green is a first-mover in the U.S . The board of directors at Bright Green Corporation has six members. It intends to offer cannabis products, including cannabis flower, pre-rolls, concentrates, vape pens, capsules, tinctures, edibles, topicals, and other cannabis-related products The company was incorporated in 2019 and is based in Grants, New Mexico. Bright Green develops uniqueness within the plant architecture with homogenous cannabinoid expression and powdery mildew tolerance. Dr. Alfie Morgan is the director. The organization broke ground on a cannabis research complex valued at an estimated $300 million in October of 2021. The company has developed an improved system for creating sustainable greenhouse growth conditions. The company was incorporated in 2019 and is based in Fort Lauderdale, Florida. The potential for entry into the US and international markets is high. He is no longer listed as having a role in the company. The business made history when it entered the market to represent the cannabis industry on the stock exchange. Its products will further research at pharmaceutical companies and universities throughout the United States. Bright Green Corp. offered 158.249 million shares in a direct listing - with a NASDAQ reference price of $8.00 per share - and the expectation that the stock will start trading on the NASDAQ on Tuesday, May 17, 2022. The deal had been in the works prior to Fikany coming on board but hadnt actually closed. Bright Green Corporation has support at high levels, 13. Bright Green Provides Update on Progress as It Prepares for Multiple Activities in 2023 GRANTS, N.M., Jan. 17, 2023 (GLOBE NEWSWIRE) - Bright Green Corporation (NASDAQ: BGXX) ("Bright Green . He was also to get 2.5 million shares. She has covered the cannabis industry for several years at Forbes, Seeking Alpha and TheStreet. Ha Az sszes elfogadsa gombra kattint, azzal elfogadja, hogy a Yahoo s partnerei feldolgozzk az n szemlyes adatait, s klnbz technolgikat pldul cookie-kat hasznlnak szemlyre szabott hirdetsek s tartalom megjelentshez, a hirdetsekkel s tartalmakkal kapcsolatos mrsekhez, a clkznsgre vonatkoz elemzsekhez s a termkfejlesztshez. It implements the use of robotics including a device called the Visser Transplanter. Year-to-date Price performance of the companys stock appears to be encouraging, given the fact the metric is recording -98.20%. Bright Green is the type of enterprise that can help change the world for the better. Theres two sides to every story but it doesnt look good. The company has also said that it will be able to harvest its first crop of cannabis in two months, however, any cannabis cultivator will say that it takes at least 3-8 months for a cannabis plant. Bright Green Announces Closing of $10.0 Million Private Placement. These efforts, when completed, will designate Bright Green as one of the largest producers of cannabis and cannabis-related products for research, pharmaceutical applications and affiliated export in the world.. He is no longer listed as having a role in the company. The stocks price range for the 52-week period managed to maintain the performance between $0.35 and $58.00. All rights reserved. However, his wife Lynn Stockwell is a Director of Bright Green and John Stockwell did file for bankruptcy in the state of New Mexico in 2015. The company in May, 2021, entered into the memorandum of agreement with the DEA to grow . In fact, the company only has net losses. Required fields are marked *. It is currently valued at $5.98. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management as of such date. Typically in groundbreaking ceremonies, only top executives or board members take the stage. It doesnt exist. Bright Green Corporation is a Fort Lauderdale, Florida-based operation. Today 200 Day Moving Average is the resistance level (2.146 $). Although stock analysts point out that the future of the Bright Green Corporation is uncertain, there is no escaping the significant contributions its making to the improvement of agricultural processes and growing methods. Presently, Bright Green Corporation shares are logging -99.22% during the 52-week period from high price, and 29.66% higher than the lowest price point for the same timeframe. based in Grants, New Mexico where Bright Green Cannabis is based. These forward-looking statements should not be relied upon as representing the Companys views as of any date subsequent to the date of this press release. Bright Green and Alterola share the vision of creating FDA and other regulatory-approved medicines which will deliver therapeutic benefits to patients for specific conditions and producing high quality BRM and APIs. GRANTS, N.M., Jan. 17, 2023 (GLOBE NEWSWIRE) -- Bright Green Corporation (NASDAQ: BGXX) ("Bright Green" or "the Company"), one of the very few companies selected by the U.S. government to . It intends to offer cannabis products, including cannabis flower, pre-rolls, concentrates, vape pens, capsules, tinctures, edibles, topicals, and other cannabis-related products The company was incorporated in 2019 and is based in Grants . The system is highly energy efficient with a decentralized mechanical ventilation system that optimizes homogenous indoor climates, creating optimal cannabis growing conditions through automated growing systems that are finely calibrated for each stage of development for the plants. Recent examples of direct listings include Coinbase (COIN) and Spotify (SPOT).. Another thing that is unique about companies going public is that the SEC requires a bankruptcy to be disclosed to potential shareholders. By utilizing traditional debt financing to secure interim working capital, and as a bridge to the more substantive and longer-term equity investments, through both Federal and State programs, Bright Green aims to deliver the required investment in the company with a minimally dilutive effect, said Seamus McAuley, Chief Operating Officer of Bright Green. Bright Green Corporation focuses on the propagation, cultivation, and manufacturing of cannabis products. Acoma Pueblo Gov. Bright Green Corporation provides superior products for research teams, 4. Fikany also says in the lawsuit that his employment wasnt contingent on any specific measures of success. As far as I can tell theyve got an empty plot of land in the desert. Its engaged in a partnership with The Forest Fire Recovery project in Ruidoso, New Mexico, to plant trees that were lost in the McBride fire. That was less than a year ago and the enterprise is already making history. Through these debt and equity mechanisms, our goal will be to raise sufficient capital to commence and complete construction on Phase 2 of our facilities in New Mexico. The company's principal address is . John Stockwell supposedly has no official role in Bright Green, but he was featured in a photo (above) of a. in New Mexico in October 2021. Investchronicle.com is an Economic news website, which offers broad information about the Stock markets and Equities. Additional information regarding these and other factors that could affect the Companys results is included in the Companys SEC filings, which may be obtained by visiting the SEC's website at www.sec.gov.

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