Bright Green develops uniqueness within the plant architecture with homogenous cannabinoid expression and powdery mildew tolerance. Bright Green Corporation is an innovator, 8. 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. Supplying the electric vehicle boom and potentially driving its stock price off the charts. 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 project is expected to initially create 200 research and agricultural jobs. The processes may be applied to any type of plant-based therapy research. Dean M. Valore is a director. 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. They did a direct listing instead of an actual IPO, which means its not even underwritten and theres no lockup period and insiders were allowed to cash out immediately and dump the stock onto retail investors. 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. 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. The idea is that investors should have adequate information in order to make a wise investment decision. Are you looking to buy an IPO? Bright Green Corporation began trading on the Nasdaq on May 17. The Bright Green Corporation invested $300 million in its new complex in 2021. Second, federal approval for the specified scope of Bright Greens business may open pathways to future financial funding opportunities. Bright Green Corporation is a drug manufacturers-specialty & generic business based in the US. The company is still in the startup phase and will be there for some time, but it is a business with bright prospects. How big do you think that market is? 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. Granted they arent trading publicly, but they arent untested with regard to valuations. 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 Bright Green Corporation is still in the process of building its massive growing operation in New Mexico. 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. 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. Meeting these goals will further enhance our capabilities throughout 2023 and 2024 as our capital needs are achieved. Bright Green Corporation. Crain Communications Inc 2017 document.write(new Date().getFullYear());. See the company profile for Bright Green Corporation (BGXX) including business summary, industry/sector information, number of employees, business summary, corporate governance, key executives and . June 28, 2022 08:00 ET | Source: Bright Green Corporation. ET. It has grown to become the largest of its kind in the world. The documents state that Stockwell approached Capussi and asked for assistance in starting a greenhouse business in New Mexico. If youre from the Midwestern or Southern part of the United States, youre probably familiar with the Texas Roadhouse restaurant chain. The Stockwells are well known for their scam business ventures in their hometown of Leamington, Ontario Canada. These are just a few of the qualities that make Bright Green Corporation stand out in the agricultural and pharmaceutical product manufacturing arena. He also supposedly received another 2.5 million shares. The research complex is located in Grants, New Mexico, although the headquarters for Bright Green is in Fort Lauderdale, Florida. 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. It implements the use of robotics including a device called the Visser Transplanter. The Company anticipates that subsequent events and developments will cause its views to change. Not sure I can buy the story about continuing to work even though he wasnt paid. According to the NASDAQ website, Companies choosing a direct listing typically have had no immediate need for additional capital, have a large and diverse shareholder base and are a well-known brand with an easy-to-understand business model. Bearing in mind the latest performance of Bright Green Corporation, several moving trends are noted. They believe that planting trees can help the health of the planet and improve the health of patients. 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. Bright Green Corporation. 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 . The Bright Green Corporation has a long way to go until it reaches profitability. But this is just one of the opportunities we have researched in our free report. 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.. 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 Green Corp's trailing 12-month revenue is $0.0 million with a % profit margin. That was less than a year ago and the enterprise is already making history. 5 Undervalued Stocks For 2023 According to the court document Fikany claims that Stockwell almost torpedoed the deal, but he was able to save it. 28. Acquisition will support Bright Green's ability . 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. 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. They were present for the event that would launch a premier plant-based research facility. The Bright Green Corporation shares its vision for creating a healthier planet inhabited by healthy people. In fact, the company only has net losses. Therefore, if none of these entities want to sell their shares, a transaction will not occur. 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. 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 . 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. Common stock shares were lifted by -61.87% during last recorded quarter. 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 . 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. Do ten minutes of research before you post junk like this. Tovbbi informcirt s a belltsi lehetsgek kezelshez kattintson a Belltsok kezelse gombra. 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. Their conditional understanding with the DEA is for research purposes only. 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 enterprise produces its cannabis crop through a system of tissue culture propagation. Do your homework people!! Bright Green Corp. is working with EF Hutton, a division of Benchmark Investments LLC, to list its shares. Its a potting robot that reduces the need for human interaction. 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. She was at the groundbreaking ceremony for the $300 million planned research complex, even though the company has nowhere near that amount of money. Something is missing from that narrative. 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. Many of the scams are basically pyramid scams. Bright Green Corporation focuses on the propagation, cultivation, and manufacturing of cannabis products. A high-level overview of Bright Green Corporation (BGXX) stock. Bright Green Corporations ISS Governance QualityScore as of N/A is N/A. 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 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. Bright Green Corporation provides federally-authorized researchers legal access to high-quality cannabis and associated products. 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. After attorney fees were deducted, he was left with about $5.45 million in cash. 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. 53-5-1 to 53-5-10 NMSA 1978; Business Classification Text FARMING Agent Name Registered Agents Inc Agent Address 530-B HARKLE ROAD, STE 100, Santa Fe, NM, 87505, USA 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. The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Acoma Pueblo Gov. Its products cannot be sold directly to consumers, but there are plenty of research facilities that will gladly become regular customers. Debra Borchardt June 2, 2022 19 min 6. 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. 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. Thats why it went from $58 to 2 dollars in two weeks. Bright Green Corporation is a vertically integrated cannabis company and multi-state operator in the US and internationally. Bright Green Corporation has support at high levels, 13. It is a highly productive growth strategy that results in mature clone plants created from tiny clippings. But how it goes about the process is different. In 2020, she lent the company $392,194 and has no fixed repayment term. $0.49. To learn more, visit www.brightgreen.us. . Left to right: Dean Valore, Ed Robinson, Terry Rafih, Lynn Stockwell, John Stockwell, Robert Arnone. State-of-the-Art 22-Acre Greenhouse Slated for Completion in August. Bright Green Corp does not have a meaningful P/E due to negative earnings over the last 12 trailing months. 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. 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. However, ample industry data provides important clues for prospective IPO participants. Bright Green started as a privately held enterprise, 17. The potential for entry into the US and international markets is high. So he lists his wife as founder. Company's stock value dipped to $0.4802 during the trading on the day. it cultivates hybrids with zero risk of cross-contamination. 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. 2023 All rights reserved. Through strict oversight, BrightGreen helps to enhance the consistency of harvest and purity of the product. 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. As of July 11, the stock's price was $2.22 per share a 95% fall from that May 2022 high. Today 200 Day Moving Average is the resistance level (2.146 $). 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. 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. 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, New Mexico. 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. 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. Bright Green Announces Closing of $10.0 Million Private Placement. The pillar scores are Audit: N/A; Board: N/A; Shareholder Rights: N/A; Compensation: N/A. This is company is laughable. It operates a cost-effective system of indoor growing that produces higher yields and extended harvesting with its full-year cultivation. Bright Green stock forecasts are adjusted once a day based on the closing price of the previous trading day. 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. The only thing keeping the deal from being consummated was that Bright Green needed to deposit some escrow money. The firm provides federally . State-of-the-Art 22-Acre Greenhouse Slated . Scores indicate decile rank relative to index or region. 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. 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