bright green corporation

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. Left to right: Dean Valore, Ed Robinson, Terry Rafih, Lynn Stockwell, John Stockwell, Robert Arnone. You can read further details here. Bright Green Corporation is on a mission to promote health and wellness, 16. 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. Not one single plant has been grown. Bright Green develops uniqueness within the plant architecture with homogenous cannabinoid expression and powdery mildew tolerance. The only thing keeping the deal from being consummated was that Bright Green needed to deposit some escrow money. The stocks price range for the 52-week period managed to maintain the performance between $0.35 and $58.00. 251 LITTLE FALLS DRIVE; Wilmington; 19808; DE; USA; Governing Legislation. The company's principal address is . The systems and methods developed are nothing short of brilliant and they signal a turning point in the accuracy and precision that modern technological advances afford us. Every company that he has been involved with has lost massive amounts of money or gone bankrupt. Stockwell is a Canadian citizen and his next-door neighbor in Canada was Jerry Capussi who is suing for shares of Bright Green. One aspect that has long plagued the cannabis industry is legal vagaries and any company that can overcome this challenge may lever a massive advantage. Lucky for Bright Green it clearly states in its S-1, Because of our novel listing process on the Nasdaq Capital Market, Nasdaqs rules for ensuring compliance with its initial listing standards, such as those requiring a valuation or other compelling evidence of value, are untested. The public can only buy the shares that are sold by the insiders. 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. Bright Green Corporation Our Mission. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. 2023 All rights reserved. At the end of the latest market close, Bright Green Corporation (BGXX) was valued at $0.38. Even worse, the Central New Mexico Electric Cooperative (CNMEC) had shut off the electricity at the greenhouse. 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. The daily stock price performance of Bright Green Corp. (BGXX) from May 17, 2022 to July 11, 2022 (in U.S. dollars). She was at the groundbreaking ceremony for the $300 million planned research complex, even though the company has nowhere near that amount of money. However, nothing is ever clear cut regarding the cannabis industry. At the end of the latest market close, Bright Green Corporation (BGXX) was valued at $0.38. Bright Green Corporation stocks (BGXX.US) are listed on the NASDAQ and all prices are listed in US Dollars. The major emphasis of this platform is to present, the most practical recommendation for public and private capital sharing, both in the form of updates and detailed analysis. Robinson was the Chief Executive Officer of BMW Financial Services for the Americas Region from April 2005 to December 2016. Required fields are marked *. The enterprise produces its cannabis crop through a system of tissue culture propagation. The pharmaceutical manufacturer focuses on the development of cannabis-based products for research into treatments and cures in the pharmaceutical industry. The Registered Agent on file for this company is Registered Agents Inc. and is located at 530-B Harkle Road Ste 100, Santa Fe, NM 87505. As its euphemistically titled brand suggests, Bright Green is in the business of marijuana, specifically focused on the research and development of medicinal plant-based therapies. In fact, the company only has net losses. 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. One issue that arose during the process was the valuation of Bright Green. People have a long memory about their financial losses, which means interest could be lacking for Bright Greens DPO. 26. Bright Green is making fantastic progress, and 2023 promises to be a very exciting year as Bright Green and Alterola hope to come together following the completion of Bright Greens financing activities and the completion of their processing facilities in New Mexico, said Tim Rogers, Executive Chairman of the Board of Alterola. Bright Green operates a superior genetics breeding program, 5. 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. 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. 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. 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. 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 forward-looking statements included in this press release represent the Companys views as of the date of this press release. Your email address will not be published. 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. 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. Refer to Supplementary Information listed below for further drug information. 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 Provides Operational Update on its Agricultural Complex in Grants, New Mexico. But the Florida-based company's shares have since plunged on the Nasdaq, from nearly $60 to the low single digits. Approximately 544 miles north of Las Vegas lies what's been dubbed "the biggest lithium deposit in the US." The methods help eliminate the potential for genetic drift and disease while preserving the consistency of the products. 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. They issued millions of shares to themselves at one penny and have mostly cashed out already. Crunchbase confirms that Bright Green Corporation is in the Fort Lauderdale part of Florida. Bright Green (BGXX 1.94%) is a Florida-based cannabis business that the federal government has approved to grow cannabis for limited . 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 . Bright Green Corporation is a privately-owned company consisting of an executive team experienced in technology, greenhouse operation, manufacturing, marketing, agriculture, body health & wellness . 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. 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 Announces Closing of $10.0 Million Private Placement. The Bright Green Corporation is a publicly-traded company, 18. In 2020, she lent the company $392,194 and has no fixed repayment term. 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. BGXX. It doesnt exist. The Bright Green Corporation serves as an agricultural model, 9. June 28, 2022 08:00 ET | Source: Bright Green Corporation. So he lists his wife as founder. The company is still in the startup phase and will be there for some time, but it is a business with bright prospects. The Bright Green Corporation is credited for developing one of the most advanced greenhouse systems for agriculture that the world has known. As far as I can tell theyve got an empty plot of land in the desert. I can unsubscribe or change my email preferences atanytime. So where are these claims coming from? Common stock shares were lifted by -61.87% during last recorded quarter. 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. He also supposedly received another 2.5 million shares. Today's Change (4.96%) $0.02. That was less than a year ago and the enterprise is already making history. 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. 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 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. 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. However, from time to time, the market can act irrationally. Bright Green Corp IPOd 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 just over $4 billion. Look it up. 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 . 1. Bright Green Corporation provides superior products for research teams, 4. Bright Green Corp. is working with EF Hutton, a division of Benchmark Investments LLC, to list its shares. 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. 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 Unfortunately, one of Stockwells employees inadvertently started a fire at the Estancia greenhouse. Now, the immediate question that arises is this: what makes Bright Green different from all the other marijuana stocks available? 27. Bright Green Corporation. 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. Something is missing from that narrative. 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. But this is just one of the opportunities we have researched in our free report. Fikany also says in the lawsuit that his employment wasnt contingent on any specific measures of success. Typically in groundbreaking ceremonies, only top executives or board members take the stage. 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. Company remains on track to start cultivation by the end of the year. Therefore, it could theoretically expand the reach of its solutions to a greater magnitude than its competitors. 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. 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. Undeterred, Fikany continued to push back. The future is uncertain for many industries, and the cannabis category is no exception. At this point, the company actually paid Fikany his one and only paycheck of $19,230.77. The discoveries made by the Bright Green Corporation improve indoor growing practices, and they provide superior quality research materials. 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. If youre from the Midwestern or Southern part of the United States, youre probably familiar with the Texas Roadhouse restaurant chain. However, Bright Greens DEA authorization should go a long way to assuaging those fears. If you like to purchase items on credit, its one of the easiest companies to use. 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 . After attorney fees were deducted, he was left with about $5.45 million in cash. Because of the vagaries between federal controls and certain states acquiescence, many financial institutions want nothing to do with cannabis-related enterprises. 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. Bright Green stock forecasts are adjusted once a day based on the closing price of the previous trading day. Theres two sides to every story but it doesnt look good. Bright Green is the type of enterprise that can help change the world for the better. However, ample industry data provides important clues for prospective IPO participants. Theyll have to make another offering that dilutes the crap out of the shares. Get Bright Green Corp (BGXX)'s stock analysis, price valuation, corporate actions, and financials from India's independent mutual fund research house. The Stock rose vividly during, At the end of the latest market close, Trilogy Metals Inc. (TMQ) was valued at $0.60. Tovbbi informcirt s a belltsi lehetsgek kezelshez kattintson a Belltsok kezelse gombra. Instead, this type of listing depends entirely on the availability of stock from current employees and investors. In an IPO situation, founders, employees, and other early-stage investors are typically restricted from selling their stock right away. However, his wife Lynn Stockwell is a Director of Bright Green and John Stockwell did, The documents state that Stockwell approached Capussi and asked for assistance in starting a greenhouse business in New Mexico. Bright Green Corporation is the most advanced greenhouse ecosystem, 14. Bright Green Corporation is an innovator, 8. He sued CNMEC in 2005, alleging that the utility wrongfully disconnected the electricity service and was awarded about $22 million in damages. 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. Share This Article. Lets start up with the current stock price of Qurate Retail Inc. (QRTEA), which is $1.94 to be very precise. 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. 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. Save my name, email, and website in this browser for the next time I comment. Therefore, if none of these entities want to sell their shares, a transaction will not occur. 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. 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. 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. Bright Green Corp's trailing 12-month revenue is $0.0 million with a % profit margin. In the last 20 days, the companys Stochastic %K was 21.09% and its Stochastic %D was recorded 15.45%. He is also the chief executive officer of the corporation. The answer comes down to legality. 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. As a direct listing, pricing data for BGXX stock wont be available until the free market determines what it will be. Why on earth would a company with $300m plans and only 650k in cash go public in a way that doesnt raise any capital??????? 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. Learn how your comment data is processed. Similar companies that work in the production of hybrids could learn some practical lessons from the Bright Green Corporation model. 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. Therefore, established market analysts have not yet weighed in on Bright Greens potential and risk factors. The potential for entry into the US and international markets is high. The cannabis plant breeding program of the Bright Green Corporation stands out from similar companies. 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. It is a DEA-certified operation that meets the criteria for approval under the federal authorization of a Schedule 1 drug handler. Anyone who gives them money deserves to lose it. How big do you think that market is? 42 subscribers in the BGXXBrightGreen community. 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. 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 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 . 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. 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. At the very opening of the session, the stock price was $0.68, For the readers interested in the stock health of Sirius XM Holdings Inc. (SIRI). Meeting these goals will further enhance our capabilities throughout 2023 and 2024 as our capital needs are achieved. Subscribe to the Green Market Report newsletter that gives you original content delivered straight to your inbox. Thats of course after insiders sell their shares. But thats also where Bright Green is unique among marijuana stocks. Branch of BRIGHT GREEN CORPORATION (Delaware (US)) Registered Address. Bright Green Provides Update on Progress as It Prepares for Multiple Activities in 2023. But before you take that step, you must sign up for a brokerage account. It is a company that is dedicated to furthering research to improve the quality of human life. He was then terminated. 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. based in Grants, New Mexico where Bright Green Cannabis is based. There are not analysts providing consensus earnings estimates for the current fiscal year. Stockwells wife Lynn Stockwell is a Director of the company and owns 44% of the voting shares or 69 million shares. 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. Photo published by Albuquerque Business First. The business made history when it entered the market to represent the cannabis industry on the stock exchange. Price as of January 13, 2023, 4:00 p.m. Kurt Riley, surrounded by members of Tribal Council and Acoma Business Enterprises, signing a business agreement with Bright Green Group on Dec. 16, 2017. 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. Investchronicle.com is an Economic news website, which offers broad information about the Stock markets and Equities. Your email address will not be published. Year-to-date Price performance of the companys stock appears to be encouraging, given the fact the metric is recording -98.20%. 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., 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 . 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. 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. A high-level overview of Bright Green Corporation (BGXX) stock. 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. The Acoma Pueblo sent documentation to formally withdraw from the deal. Are you looking to buy an IPO? The bank that helped them list directly should be held accountable. Bright Green Corporation v. John Fikany, D-1333-CV-2020-00231, State of New Mexico, County of . State-of-the-Art 22-Acre Greenhouse Slated for Completion in August. NasdaqCM - NasdaqCM Real Time Price. 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. However, such products must contain less than 0.3% delta-9-tetrahydrocannabinol (THC), the hallmark psychoactive compound of marijuana. He is no longer listed as having a role in the company. Market Cap. In this case, Bright Green plowed ahead. 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. They have no conscience when it comes to stealing other peoples money from friends and/or relatives. Do Sirius XM Holdings Inc. (SIRI) beta value of 0.92 signposts another twist. 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. "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 . Robert Arnone is a director. Current Price. 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