The company recently made business news when it went public on the Nasdaq stock exchange. Bright Green reaches several key milestones, advancing progress against its strategic plan. 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.. For the retail investor, BGXX stock provides an interesting risk-reward profile. (Rule 5505). In addition to the valuations, companies also have pre-tax income requirements which Bright Green doesnt meet. Yes, cannabis stocks are legal to trade, but you should ensure that cannabis products are legal for you to own or transport in your state of residence or wherever you are traveling. Ultimately, Stockwell refused to send the escrow money to the Acoma Pueblo and that deal fell through. The team of six brings their years of expertise in their respective industries to the round table to develop the strategic planning for the Bright Green Corporation, and to lead it forward to fulfill its mission and vision. 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. Despite your claims of their superior products, they dont even grow anything yet. Though debate rages on the topic, evidence indicates that the draconian stance on marijuana points to certain political motivations motivations that today many Americans find unpalatable, thus driving proposals for legal reformation. But before you take that step, you must sign up for a brokerage account. He sued CNMEC in 2005, alleging that the utility wrongfully disconnected the electricity service and was awarded about $22 million in damages. Bright Green Corporation estimates that the construction will complete in 2023 in Grants, New Mexico. In the case of Bright Green, the company states that no director or executive officer has filed for bankruptcy. Do ten minutes of research before you post junk like this. Bright Green Corporation is a vertically integrated cannabis company and multi-state operator in the US and internationally. Because of the vagaries between federal controls and certain states acquiescence, many financial institutions want nothing to do with cannabis-related enterprises. Bright Green Corporation provides federally-authorized researchers legal access to high-quality cannabis and associated products. 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 . Stockwell is a Canadian citizen and his next-door neighbor in Canada was Jerry Capussi who is suing for shares of Bright Green. Anyone who gives them money deserves to lose it. Does that make sense to you? Bright Green Corporation grows, manufactures, and sells . Az adatvdelmi irnyelvek kztt s a Cookie-szablyzatban bvebben olvashat arrl, hogyan hasznljuk fel az adatait. 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.. 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. When the Bright Green Corporation first came into existence, it was a privately owned business. He also supposedly received another 2.5 million shares. 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. Save my name, email, and website in this browser for the next time I comment. 42 subscribers in the BGXXBrightGreen community. 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. It has the blessings of the DEA, through a memorandum of agreement signed by both parties. As a direct listing, pricing data for BGXX stock wont be available until the free market determines what it will be. BRIGHT GREEN CANNABIS, INC. Bright Green acquired 25% of Alterola's issued and outstanding common stock. State-of-the-Art 22-Acre Greenhouse Slated for Completion in August. 26. They have no conscience when it comes to stealing other peoples money from friends and/or relatives. Bright Green Corporation has support at high levels, 13. 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. It has these things going for it, but Bright Green faces an uncertain future, as do all companies involved in the cannabis industry. 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 Corporation also sponsors a National Forests project with the commitment to plant 5,000 trees in a year. Bright Green Corporation focuses on the propagation, cultivation, and manufacturing of cannabis products. 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. engages in the cultivation, manufacture, and sale of medical cannabis. Presently, Bright Green Corporation shares are logging -99.22% during the 52-week period from high price, and 29.66% higher than the lowest price point for the same timeframe. 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. 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. Bright Green Corporation. A high-level overview of Bright Green Corporation (BGXX) stock. Learn how your comment data is processed. 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. Bright Green Corporation (Nasdaq: BGXX ) First US marijuana plant-touching company to list on the 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 an innovator, 8. Bright Green operates a superior genetics breeding program, 5. 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. 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. Michelle Lujan Grisham and Bright Green Corp. announced Monday a $300 million investment in a state-of-the-art agricultural ecosystem on company-owned property in Grants, New Mexico, embracing the latest technology and automation . After six months of work, Fikany had yet to be paid. There are not analysts providing consensus earnings estimates for the current fiscal year. Crunchbase confirms that Bright Green Corporation is in the Fort Lauderdale part of Florida. It implements the use of robotics including a device called the Visser Transplanter. Similar companies that work in the production of hybrids could learn some practical lessons from the Bright Green Corporation model. 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 . The direct listing raises NO MONEY for the company itself. 251 LITTLE FALLS DRIVE; Wilmington; 19808; DE; USA; Governing Legislation. So where are these claims coming from? 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. The other four companies have just as much potential. 2023 All rights reserved. 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. 24. 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. NasdaqCM - NasdaqCM Real Time Price. Designed and Developed by Black Rock Digital Agency. Designed and Developed by Black Rock Digital Agency. 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 . The excitement was short-lived, as the stock crashed back down to Earth. $0.49. 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. She was at the groundbreaking ceremony for the $300 million planned research complex, even though the company has nowhere near that amount of money. In 2017, John Stockwell was listed as the CEO of Bright Green according to this Albuquerque story which stated the greenhouse would open in 2017. It doesnt matter which supermarket you go to or where you are, Read More 20 Things You Didnt Know about Project44Continue, Most people are well aware of Fingerhut. 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. Instead, this type of listing depends entirely on the availability of stock from current employees and investors. Below is a list of best brokers to consider. 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. 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. The idea is that investors should have adequate information in order to make a wise investment decision. 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