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I can unsubscribe or change my email preferences atanytime. Bright Green reaches several key milestones, advancing progress against its strategic plan Company remains on track to start cultivation by the end of the year GRANTS, N.M., Nov. 14, 2022 (GLOBE NEWSWIRE) -- Bright Green Corporation (Nasdaq: BGXX) ("Bright Green" or "the Company"), one of few companies selected by the U.S. government to grow, manufacture, and sell, legally under . 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. Bright Green Corporation is a Fort Lauderdale, Florida-based operation. They have no conscience when it comes to stealing other peoples money from friends and/or relatives. 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. Not big enough to recoup a 300m investment, thats for sure. Does that make sense to you? 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. At the time Lynn Stockwell said, With the cooperative spirit of federal, state and business we found in New Mexico, we will see New Mexico and Bright Green Corp. become leaders in this emerging field of medical research. It is a new era in pharmaceuticals with an emphasis on research in plant-based therapies, with implications that go far beyond the cannabis niche. Share This Article. Moreover, the reputation for marijuana stocks as an investment class is poor. 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. Fikany also says in the lawsuit that his employment wasnt contingent on any specific measures of success. The sanitation giant that started as a small business has grown immensely over the past 60 years. Logically, then, a DPOs valuation is tied directly to free market forces, which could offer a favorable outcome for the listing company. At the end of the latest market close, Bright Green Corporation (BGXX) was valued at $0.38. Additionally, it is the fourth biggest IT, Read More 20 Things You Didnt Know About FoxconnContinue. 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. Bright Green Corp. engages in the cultivation, manufacture, and sale of medical cannabis. 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. Santa Fe, NM, May 24, 2021 (GLOBE NEWSWIRE) Rural New Mexico will soon be the home . Bright Green Corporation provides superior products for research teams, 4. . Designed and Developed by Black Rock Digital Agency. Bright Green Corporation is a privately-owned company consisting of an executive team experienced in technology, greenhouse operation, manufacturing, marketing, agriculture, body health & wellness and medical science. Unfortunately, one of Stockwells employees inadvertently started a fire at the Estancia greenhouse. Crunchbase confirms that Bright Green Corporation is in the Fort Lauderdale part of Florida. Bright Green broke ground on its cannabis research complex in 2021, 11. Extending health through cannabis, Bright Green is leading the way on plant-based therapies. Company owes more that $400,000 in unpaid principal and interest. In the absence of a prior active public trading market for our common stock, if the price of our common stock or our market capitalization falls below those required by Nasdaqs eligibility standards, we may not be able to satisfy the ongoing listing criteria and may be required to delist. So, the company discloses right up front that it may not be able to even stay listed on NASDAQ. 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 has a six-member board of directors, 10. January 17, 2023, 13:30 GMT. Bright Green Corporation. Brmikor mdosthatja a kivlasztott belltsait az Adatvdelmi lehetsgek oldalon. Agent Name CORPORATION SERVICE COMPANY Agent Address 251 LITTLE FALLS DRIVE, WILMINGTON, New Castle, DE, 19808 June 28, 2022 08:00 ET | Source: Bright Green Corporation. Bright Green Corporation provides federally-authorized researchers legal access to high-quality cannabis and associated products. 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. Look it up. As of July 11, the stock's price was $2.22 per share a 95% fall from that May 2022 high. One issue that arose during the process was the valuation of Bright Green. 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.. When the Bright Green Corporation first came into existence, it was a privately owned business. Wheres the 300m coming from and what was the point of going public besides enriching original investors?? The potential for receiving full federal recognition for its business purposes is high. The Bright Green stock prediction results are shown below and presented as a graph, table and text information. Debra has a Master's degree in Business Journalism from New York University. With inflation reaching ridiculous levels and law enforcement inundated with more pressing concerns, the temptation of illicitly sourced (and cheaper) cannabis may be too much for many users to ignore. 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 . The company has developed an improved system for creating sustainable greenhouse growth conditions. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders equity The total Debt to Equity ratio for BGXX is recording 0.00 at the time of this writing. Bright Green Corporation focuses on the propagation, cultivation, and manufacturing of cannabis products. Bright Green Corporation. Debra Borchardt is the Co-Founder, and Executive Editor of GMR. This is also the second groundbreaking ceremony. Anyone who gives them money deserves to lose it. The fire apparently devastated Stockwell financially according to the bankruptcy documents. Terry Rafih is the chairman of the board. As of the end of 2021, Bright Green posted a total asset count of $8.78 million compared to total liabilities of only $560,156. Bright Green Corporation accepts $1 donations for the One Tree Planted project to help fund the project. Bright Green Corporation is on a mission to promote health and wellness, 16. Even worse, the Central New Mexico Electric Cooperative (CNMEC) had shut off the electricity at the greenhouse. But thats also where Bright Green is unique among marijuana stocks. The other four companies have just as much potential. The Bright Green Corporation is a publicly-traded company, 18. At this juncture, cannabis investors must consider the possible threat of the black market. 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. In 2017, John Stockwell was listed as the CEO of Bright Green according to, which stated the greenhouse would open in 2017. Because of the vagaries between federal controls and certain states acquiescence, many financial institutions want nothing to do with cannabis-related enterprises. Another thing that is unique about companies going public is that the SEC requires a bankruptcy to be disclosed to potential shareholders. The employment contract reads, Robinson shall receive monthly payments in the amount of $6,750 with an aggregate of $344,250 in deferred compensation due and payable on or before December 15, 2022. Robinson got 5.6 million shares, while his wife Elaine Robinson received 605,000 shares. The processes may be applied to any type of plant-based therapy research. In his lawsuit, he claims that the Stockwells approached him to be CEO. Bright Green Corporation focuses on the propagation, cultivation, and manufacturing of cannabis products. 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. The documents state that Stockwell approached Capussi and asked for assistance in starting a greenhouse business in New Mexico. 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. Year-to-date Price performance of the companys stock appears to be encouraging, given the fact the metric is recording -98.20%. The bank that helped them list directly should be held accountable. You can read the article here and decide for yourself. "With the cooperative spirit of Federal, State, and business we found in New Mexico, we will see New Mexico and Bright Green Corporation become leaders in this emerging field of medical research . The Bright Green Corporation is conducting its business one hundred percent openly and above board. The Bright Green Corporation runs a tight ship, 7. Bright Green Media ContactBrightGreen@edelman.com, Bright Green Investor Relations ContactBrightGreenIR@edelman.com, Just hours before the Idaho murders, another grisly scene unfolded outside Bryan Kohberger's window, Polar bear kills woman, boy in remote Alaska village, Hawaii fisherman overboard, missing after hooking large ahi, Reality TV star Julie Chrisley reassigned from Florida prison to federal medical center, The rich and powerful flocked to Davos via private jet to discuss climate change, study finds. Typically in groundbreaking ceremonies, only top executives or board members take the stage. The idea is that investors should have adequate information in order to make a wise investment decision. 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. It is a DEA-certified operation that meets the criteria for approval under the federal authorization of a Schedule 1 drug handler. 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. Meeting these goals will further enhance our capabilities throughout 2023 and 2024 as our capital needs are achieved. After the quarter close, Bright Green and LDS Capital LLC, a related party, increased the line of credit by $10.0 million, from $5.0 million to $15.0 million. Bright Green Corporation. The basic concept between an IPO and DPO is the same: enable retail (public) investors to acquire shares of a previously privately held enterprise. $0.49. 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. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. The public can only buy the shares that are sold by the insiders. 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. Tovbbi informcirt s a belltsi lehetsgek kezelshez kattintson a Belltsok kezelse gombra. ("Bright Green" or "the Company"), one of the very few companies selected by the U.S. government to grow . 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. Here let me add a few more to your list: 21. 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. 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. Stockwells wife Lynn Stockwell is a Director of the company and owns 44% of the voting shares or 69 million shares. Undeterred, Fikany continued to push back. It is a company that is dedicated to furthering research to improve the quality of human life. All rights reserved. 24. 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. Its how discoveries occur. Theyll have to make another offering that dilutes the crap out of the shares. 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. The DEA also would not confirm it had a contract with Bright Green and wouldnt comment on the MOA. The idea is that investors should have adequate information in order to make a wise investment decision. 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 is no longer listed as having a role in the company. The answer comes down to legality. 23. That is the equivalent of 115 acres of advanced manufacturing technology. So where are these claims coming from? Dr. Alfie Morgan is the director. According to the court document Fikany claims that Stockwell almost torpedoed the deal, but he was able to save it. That was less than a year ago and the enterprise is already making history. Bright Greens current CEO is Edward Robinson. While consumers of pure cannabis products are wholly dependent on their individual state laws, Bright Green is a first mover in the federally licensed cannabis market. He sued CNMEC in 2005, alleging that the utility wrongfully disconnected the electricity service and was awarded about $22 million in damages. 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. 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. 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. 5 Undervalued Stocks For 2023 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. Photo published by Albuquerque Business First. Bright Green maintains Full Good Agricultural and Collection Practices while ensuring FDA/Good Manufacturing Practices compliance, and USDA compliance in a robust quality management system with production flexibility. 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. When is the Bright Green IPO Date? A direct listing does not involve an underwriter. 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. While Fikany was working to secure the deal with the Acoma Pueblo he was also working with Stockwell to prepare the company to go public. The Bright Green Corporation has a long way to go until it reaches profitability. 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. Dean M. Valore is a director. To learn more, visit www.brightgreen.us. Bright Green Corporation | 148 followers on LinkedIn. Bright Green is the type of enterprise that can help change the world for the better. 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. You nor anyone else have any idea how tight of a ship they run because there is no ship. CNMEC appealed the judgment and won giving Stockwell little more than his attorney fees. Despite your claims of their superior products, they dont even grow anything yet. Currently, Lee is practicing the smidgen of Chinese that he picked up while visiting the Chinese mainland in hopes of someday being able to read certain historical texts in their original language. In a similar fashion, Bright Green Corporation posted a movement of -62.80% for the period of last 100 days, recording 1,664,533 in trading volumes. Bright Green Corporation (BGXX): Investors are pay Get in on this Buy-In Opportunity with Qurate Retail Inc. (QRTEA), Take note of this Trade Activity: Trilogy Metals Inc. (TMQ), The Stars are Aligning for Holders of AEye Inc. (LIDR). 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. The Company anticipates that subsequent events and developments will cause its views to change. ET. But they dont care because theyve already secured their bag. As well, especially during these unusual circumstances, Wall Street can be volatile. He is no longer listed as having a role in the company. 2023 All rights reserved. The enterprise produces its cannabis crop through a system of tissue culture propagation. Here's How It Did. 42 subscribers in the BGXXBrightGreen community. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. No additional shares are offered to the public, which reduces scrutiny. At the end of the latest market close, Bright Green Corporation (BGXX) was valued at $0.38. Bright Green Corporation employs experts in cultivation, 6. Completion of the growing and manufacturing operation wont happen until 2023. Its massive complex is powered with automation technology that is state of the art. The board of directors at Bright Green Corporation has six members. Similar companies that work in the production of hybrids could learn some practical lessons from the Bright Green Corporation model. 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. State-of-the-Art 22-Acre Greenhouse Slated . But how it goes about the process is different. . Bright Green states in its prospectus, "In May 2021, we entered into the MOA with the DEA, which outlines the terms of the DEA's conditional approval of Bright Green to proceed through the DEA's registration process, as described above. That business was called. The company has achieved an efficient automated production system for the production of superior quality cannabis products. The minimum target price for Bright Green analysts is $ None. The only thing keeping the deal from being consummated was that Bright Green needed to deposit some escrow money. Acoma Pueblo Gov. Therefore, it could theoretically expand the reach of its solutions to a greater magnitude than its competitors. Our vision is to improve the quality of life across a broad demographic spectrum through the opportunities presented by medicinal applications of plant-based therapies, particularly cannabis and cannabis-derived products. One tiny company stands to be the biggest beneficiary because lithium "faces a long-term supply shortage," according to Barron's. Company remains on track to start cultivation by the end of the year. 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Focuses on the latest stock price, chart, news, analysis, fundamentals, trading and investment..

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