bright green corporation

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 . 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. Sector(s):HealthcareIndustry:Drug ManufacturersSpecialty & GenericFull Time Employees: Bright Green Corporation focuses on the propagation, cultivation, and manufacturing of cannabis products. The company has developed an improved system for creating sustainable greenhouse growth conditions. The potential for entry into the US and international markets is high. Bright Green Announces Closing of $10.0 Million Private Placement. The processes occur within a controlled environment with careful attention to the fine details that could affect the cloning and propagation processes. 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. Through strict oversight, BrightGreen helps to enhance the consistency of harvest and purity of the product. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Lets start up with the current stock price of Qurate Retail Inc. (QRTEA), which is $1.94 to be very precise. After attorney fees were deducted, he was left with about $5.45 million in cash. 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. 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 Corporation (Nasdaq: BGXX ) First US marijuana plant-touching company to list on the Brmikor mdosthatja a kivlasztott belltsait az Adatvdelmi lehetsgek oldalon. Even worse, the Central New Mexico Electric Cooperative (CNMEC) had shut off the electricity at the greenhouse. 25. Bright Green Corporation | 148 followers on LinkedIn. Moreover, the reputation for marijuana stocks as an investment class is poor. 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. Its a perfect marriage to create a world-class enterprise. Bright Green acquired 25% of Alterola's issued and outstanding common stock. While he was employed, Fikany was working on a deal for Bright Green to develop a cultivation facility on Indian land with the Acoma Pueblo tribe. The excitement was short-lived, as the stock crashed back down to Earth. . 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. In fact, the company only has net losses. 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 . 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. Bright Green Former CEO Claims Valuation Fraud. However, ample industry data provides important clues for prospective IPO participants. Robinson was the Chief Executive Officer of BMW Financial Services for the Americas Region from April 2005 to December 2016. Can I sue the company it took my 15K out of 30K investment, their fraud resulted in a heavy loss for me. 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. Bright Green Corporation accepts $1 donations for the One Tree Planted project to help fund the project. 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. That boosted the share price in the early days further enriching the sellers. The board of directors at Bright Green Corporation has six members. 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. After six months of work, Fikany had yet to be paid. Refer to Supplementary Information listed below for further drug information. Bright Green broke ground on its cannabis research complex in 2021, 11. John Stockwell supposedly has no official role in Bright Green, but he was featured in a photo (above) of a groundbreaking ceremony in New Mexico in October 2021. 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. 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. Their conditional understanding with the DEA is for research purposes only. Raw Stochastic average of Bright Green Corporation in the period of last 50 days is set at 34.72%. Globe-News Wire confirms that the Bright Green Corporation is a new company. In 2020, she lent the company $392,194 and has no fixed repayment term. According to the, No additional shares are offered to the public, which reduces scrutiny. All rights reserved. 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, manufacture, and sell, legally . When the transactions were called off in the previous session, Stock hit the highs of $0.54, after setting-off with the price of $0.5281. 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. Bright Green Corporation grows, manufactures, and sells . 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. Acoma Pueblo Gov. Bright Green Corporation is an American pharmaceutical manufacturer that produces plant-based medicines and cannabis-related products for research and use in pharmaceutical applications. Still, not everything about Bright Green is positively compelling. In the last 20 days, the companys Stochastic %K was 21.09% and its Stochastic %D was recorded 15.45%. Agent Name CORPORATION SERVICE COMPANY Agent Address 251 LITTLE FALLS DRIVE, WILMINGTON, New Castle, DE, 19808 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. Bright Green Corporation has support at high levels, 13. 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. 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. When the Bright Green Corporation first came into existence, it was a privately owned business. Today's Change (4.96%) $0.02. Second, federal approval for the specified scope of Bright Greens business may open pathways to future financial funding opportunities. Its a serious business that employs world-class professionals in their respective fields. 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. It is a company that is dedicated to furthering research to improve the quality of human life. 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. (Rule 5505). In addition to the valuations, companies also have pre-tax income requirements which Bright Green doesnt meet. 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 . Here let me add a few more to your list: 21. Branch of BRIGHT GREEN CORPORATION (Delaware (US)) Registered Address. 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. The basic concept between an IPO and DPO is the same: enable retail (public) investors to acquire shares of a previously privately held enterprise. Many of the scams are basically pyramid scams. The company was incorporated in 2019 and is based in Fort Lauderdale, Florida. 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. Subscribe to the Green Market Report newsletter that gives you original content delivered straight to your inbox. This is company is laughable. 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. 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 . In fact, the company only has net losses. 1. Bright Green Corporation produces crops of cannabis that are unique within the agricultural industry. Bright Green Corporation has not yet generated revenue, 20. But this is just one of the opportunities we have researched in our free report. Do ten minutes of research before you post junk like this. But thats also where Bright Green is unique among marijuana stocks. Bright Green Corp. is working with EF Hutton, a division of Benchmark Investments LLC, to list its shares. Ultimately, Stockwell refused to send the escrow money to the Acoma Pueblo and that deal fell through. However, costs to the listing company can be steep because one, it must recruit the services of investment banks and two, underwriters typically sell shares to the public at a discount to their intrinsic value to attract the most hype. Designed and Developed by Black Rock Digital Agency. Bright Green Corporation sponsors programs to improve the health of the planet and the health of patients, 3. Santa Fe, NM, May 24, 2021 (GLOBE NEWSWIRE) Rural New Mexico will soon be the home . Bright Green has a six-member board of directors, 10. Bright Green Corporation began trading on the Nasdaq on May 17. He sued CNMEC in 2005, alleging that the utility wrongfully disconnected the electricity service and was awarded about $22 million in damages. The methods help eliminate the potential for genetic drift and disease while preserving the consistency of the products. Kurt Riley, surrounded by members of Tribal Council and Acoma Business Enterprises, signing a business agreement with Bright Green Group on Dec. 16, 2017. The Company anticipates that subsequent events and developments will cause its views to change. She was at the groundbreaking ceremony for the $300 million planned research complex, even though the company has nowhere near that amount of money. The actual founder of the company l isnt allowed to be listed anywhere because the first attempt at this went bankrupt and included a burned down greenhouse. The documents state that Stockwell approached Capussi and asked for assistance in starting a greenhouse business in New Mexico. Required fields are marked *. As well, especially during these unusual circumstances, Wall Street can be volatile. Robert Arnone is a director. Bright Green has an understanding with the Drug Enforcement Administration, 12. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. The Bright Green Corporation launched the groundbreaking of its New Mexico facility with the blessings of civic leaders, business leaders, and elected officials. At this point, the company actually paid Fikany his one and only paycheck of $19,230.77. 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 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.. Bright Green Corporation is a drug manufacturers-specialty & generic business based in the US. Its how discoveries occur. GRANTS, N.M., Nov. 14, 2022 (GLOBE NEWSWIRE) -- Bright Green Corporation (Nasdaq: BGXX) ("Bright Green" or "the Company . It is essential for our combined cannabinoid product development programs as well as for delivering potentially game changing practices to benefit the patients who will receive our medicines. The combined group has the resources, technology and state and federal approvals to now achieve revenue unpresented in this emerging market. 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. Bright Greens operation will expand to millions of square feet, 15. Bright Green stock forecasts are adjusted once a day based on the closing price of the previous trading day. Bright Green Former CEO Claims Valuation Fraud, The back story of the cannabis concept stock, In an IPO situation, founders, employees, and other early-stage investors are typically restricted from selling their stock right away. Completion of the growing and manufacturing operation wont happen until 2023. Investchronicle.com is an Economic news website, which offers broad information about the Stock markets and Equities. Bright Green develops uniqueness within the plant architecture with homogenous cannabinoid expression and powdery mildew tolerance. Edward Robinson is the chief executive officer and director of Bright Green Corporation. There are not analysts providing consensus earnings estimates for the current fiscal year. 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. As a direct listing, pricing data for BGXX stock wont be available until the free market determines what it will be. The firm provides federally . 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. The stock current value is $0.45.Recently in News on November 14, 2022, Bright Green Announces Third Quarter 2022 Financial Update and Milestone Progress. According to the court document Fikany claims that Stockwell almost torpedoed the deal, but he was able to save it. The Bright Green Corporation is still in the process of building its massive growing operation in New Mexico. 22. 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. The pillar scores are Audit: N/A; Board: N/A; Shareholder Rights: N/A; Compensation: N/A. That business was called Sunnyland Farms based in Grants, New Mexico where Bright Green Cannabis is based. 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 The organization broke ground on a cannabis research complex valued at an estimated $300 million in October of 2021. Through legal partnerships with state and federal agencies, the company can operate at scale in a manner unprecedented in this emerging market, addressing compliance, security, and integrity. Still, reputational damage presents a headwind for marijuana stocks, thereby forcing investors to take a cautious approach. The Bright Green Corporation serves as an agricultural model, 9. Per its S-1 disclosure, management anticipates that its firm will receive final registration regarding federally sanctioned marijuana research in June 2022. Bright Green Provides Operational Update on its Agricultural Complex in Grants, New Mexico. Lynn Stockwell is a founder and director. The operating expenses were $2.5 million for 2021, yet the business had a cash balance of $1.3 million. 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. That was less than a year ago and the enterprise is already making history. On the other hand, a DPO does not involve the issuance of new shares for the proceeding. Required fields are marked *. These properties became the Sunnyland Farms. This valuation figure is a key element in the complaint from the former CEO John Fikany. In that particular session, Stock kicked-off at the price, AEye Inc. (LIDR) is priced at $0.70 after the most recent trading session. 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. 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. Ed is a strategic planner who lends his expertise as an advisor to Bright Green Corporation and serves on its board of directors. 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. No additional shares are offered to the public, which reduces scrutiny. The company in May, 2021, entered into the memorandum of agreement with the DEA to grow . 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. 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. The worlds most advanced agricultural ecosystem with state-of-the-art automation, Bright Green Systems of Operation Delivers, Leading the way through plant-based therapies. 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. What kind of propaganda is this? At the end of the latest market close, Bright Green Corporation (BGXX) was valued at $0.38. securely through SoFi Active Invest (Brokerage)'s website, securely through Freedom Finance's website, cultivated by humans for at least 12,000 years, What Analysts are Saying About Bright Green IPO, Do Not Sell My Personal Data/Privacy Policy. At the end of the latest market close, Bright Green Corporation (BGXX) was valued at $0.38. When it comes to the year-to-date metrics, the Bright Green Corporation (BGXX) recorded performance in the market was -98.20%, having the revenues showcasing -61.87% on a quarterly basis in comparison with the same period year before. Crunchbase confirms that Bright Green Corporation is in the Fort Lauderdale part of Florida. For the readers interested in the stock health of Bright Green Corporation (BGXX). Bright Green Corporation to build $300M high-tech cannabis manufacturing and research facility in New Mexico. The team at Bright Green Corporation is experienced and vetted in their areas of expertise. It has these things going for it, but Bright Green faces an uncertain future, as do all companies involved in the cannabis industry. The project is expected to initially create 200 research and agricultural jobs. We have also been focused on the capital requirements to execute on the next phase of our facilities and the completion of our business plan. 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. Preparations for the U.S. Drug Enforcement Agency Inspection are on Track; Slated for Later this Summer GRANTS, N.M., June 28, 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 . But before you take that step, you must sign up for a brokerage account. CNMEC appealed the judgment and won giving Stockwell little more than his attorney fees. But the Florida-based company's shares have since plunged on the Nasdaq, from nearly $60 to the low single digits. 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. Extending health through cannabis, Bright Green is leading the way on plant-based therapies. He spends more time than is perhaps wise with his eyes fixed on a screen either reading history books, keeping up with international news, or playing the latest releases on the Steam platform, which serve as the subject matter for much of his writing output. 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. The cannabis plant breeding program of the Bright Green Corporation stands out from similar companies. The minimum target price for Bright Green analysts is $ None. We provide our members natural alternatives in a professional and safe environment. 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's 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. 24. Here's How It Did. Its last market close was $0.489 - an increase of 27.68% over the previous week. Your email address will not be published. Benzinga suggests some reasons to consider Bright Green Corporation stock as an addition to your current investment portfolio. Do Sirius XM Holdings Inc. (SIRI) beta value of 0.92 signposts another twist. 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 . Theyll have to make another offering that dilutes the crap out of the shares. Most companies clean up lawsuits before going public so that investors wont see the dirty laundry. Unfortunately, one of Stockwells employees inadvertently started a fire at the Estancia greenhouse. Find the latest Bright Green Corporation (BGXX) stock quote, history, news and other vital information to help you with your stock trading and investing. In the case of Bright Green, the company states that no director or executive officer has filed for bankruptcy. They believe that planting trees can help the health of the planet and improve the health of patients. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders equity. Our mission is to make a difference and improve lives. 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 . Below is a list of best brokers to consider. The company has achieved an efficient automated production system for the production of superior quality cannabis products. In 2017, John Stockwell was listed as the CEO of Bright Green according to, which stated the greenhouse would open in 2017. It focuses on the research and development of cannabis strains and sales of products with cannabinol (CBN) and cannabigerol (CBG). The bank that helped them list directly should be held accountable. Wheres the 300m coming from and what was the point of going public besides enriching original investors?? The Stockwells deny the allegations about the misrepresentation of the valuation of Bright Green, but they do admit that the deal with the Acoma Pueblo did fall through. Pets and diseases are better controlled through the processes that maximize the efficiency of water used to produce high-quality crops under production security with strict guidelines and scrutinized processes. 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. ET. Total Debt to Equity Ratio (D/E) can also provide valuable insight into the companys financial health and market status. That business was called. The only thing keeping the deal from being consummated was that Bright Green needed to deposit some escrow money. Therefore, it could theoretically expand the reach of its solutions to a greater magnitude than its competitors. However, it doesnt matter because Bright Green already says if it cant meet those requirements then it will just delist. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 38.44%. Scores indicate decile rank relative to index or region. 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.