bright green corporation

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 enterprise maintains its commitment to engaging in sustainable manufacturing processes and giving back to the earth. 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 . When the transactions were called. Bright Green Corporation sponsors programs to improve the health of the planet and the health of patients, 3. Dr. Alfie Morgan is the director. Bright Green Corporation provides federally-authorized researchers legal access to high-quality cannabis and associated products. The deal had been in the works prior to Fikany coming on board but hadnt actually closed. However, such products must contain less than 0.3% delta-9-tetrahydrocannabinol (THC), the hallmark psychoactive compound of marijuana. These are just a few of the qualities that make Bright Green Corporation stand out in the agricultural and pharmaceutical product manufacturing arena. 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. You can read the article here and decide for yourself. 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. The Bright Green Corporation has a long way to go until it reaches profitability. 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. Bright Green could purchase more mature plants to speed up the process, but then the DEA would actually be buying someone elses plants. The Bright Green Corporation serves as an agricultural model, 9. . Bright Green Corporation to build $300M high-tech cannabis manufacturing and research facility in New Mexico. About Bright GreenBright 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. The firm provides federally . 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. Stockwells wife Lynn Stockwell is a Director of the company and owns 44% of the voting shares or 69 million shares. 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. Bright Green Corporation stocks (BGXX.US) are listed on the NASDAQ and all prices are listed in US Dollars. . However, ample industry data provides important clues for prospective IPO participants. 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 . Bright Green (BGXX 1.94%) is a Florida-based cannabis business that the federal government has approved to grow cannabis for limited . In addition, long term Debt to Equity ratio is set at 0.00. ("Bright Green" or "the Company"), one of the very few companies selected by the U.S. government to grow . 23. Santa Fe, N.M. -- Rural New Mexico will soon be the home to one of the nation's largest cannabis manufacturing and research facilities, New Mexico Gov. 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 . After attorney fees were deducted, he was left with about $5.45 million in cash. 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. Get Bright Green Corp (BGXX)'s stock analysis, price valuation, corporate actions, and financials from India's independent mutual fund research house. 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 fire apparently devastated Stockwell financially according to the bankruptcy documents. Requirements from NASDAQ about. 1. The Bright Green Corp. is just another scam to spend other unsuspecting people. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. 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 . Raw Stochastic average of Bright Green Corporation in the period of last 50 days is set at 34.72%. Benzinga suggests some reasons to consider Bright Green Corporation stock as an addition to your current investment portfolio. 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. You can read further details here. Bright Green Corporation accepts $1 donations for the One Tree Planted project to help fund the project. Bright Green has an understanding with the Drug Enforcement Administration, 12. Terry Rafih is the chairman of the board. State-of-the-Art 22-Acre Greenhouse Slated for Completion in August. According to the, No additional shares are offered to the public, which reduces scrutiny. They have no conscience when it comes to stealing other peoples money from friends and/or relatives. Through strict oversight, BrightGreen helps to enhance the consistency of harvest and purity of the product. 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 . 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. EF Hutton served as the financial advisor. 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. 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. June 28, 2022 08:00 ET | Source: Bright Green Corporation. Bright Green Corporation. He was also to get 2.5 million shares. Meeting these goals will further enhance our capabilities throughout 2023 and 2024 as our capital needs are achieved. 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 . 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. Its products will further research at pharmaceutical companies and universities throughout the United States. That business was called. 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. The organization broke ground on a cannabis research complex valued at an estimated $300 million in October of 2021. based in Grants, New Mexico where Bright Green Cannabis is based. "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 . A high-level overview of Bright Green Corporation (BGXX) stock. Even worse, the Central New Mexico Electric Cooperative (CNMEC) had shut off the electricity at the greenhouse. 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. Its last market close was $0.489 - an increase of 27.68% over the previous week. Its massive complex is powered with automation technology that is state of the art. Bright Green Corporation focuses on the propagation, cultivation, and manufacturing of cannabis products. 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. 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. The only thing keeping the deal from being consummated was that Bright Green needed to deposit some escrow money. 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. 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. Now, the immediate question that arises is this: what makes Bright Green different from all the other marijuana stocks available? The forward-looking statements included in this press release represent the Companys views as of the date of this press release. According to the court document Fikany claims that Stockwell almost torpedoed the deal, but he was able to save it. $0.49. Bright Green Corporation focuses on the propagation, cultivation, and manufacturing of cannabis products. Not big enough to recoup a 300m investment, thats for sure. Wheres the 300m coming from and what was the point of going public besides enriching original investors?? 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 pharmaceutical manufacturer focuses on the development of cannabis-based products for research into treatments and cures in the pharmaceutical industry. Your email address will not be published. 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. Thats of course after insiders sell their shares. Bright Green Corp's trailing 12-month revenue is $0.0 million with a % profit margin. 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. But this is just one of the opportunities we have researched in our free report. BRIGHT GREEN CORPORATION Company Number 6763218 Incorporation Date 20 February 2018 (almost 5 years ago) Company Type Corporation Jurisdiction Delaware (US) Previous Names. Bright Green Corporations ISS Governance QualityScore as of N/A is N/A. The future is uncertain for many industries, and the cannabis category is no exception. Your email address will not be published. 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. Common stock shares were lifted by -61.87% during last recorded quarter. 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. Edward Robinson is the chief executive officer and director of Bright Green Corporation. 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 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. Not one single plant has been grown. Stockwells wife Lynn Stockwell is a Director of the company and owns 44% of the voting shares or 69 million shares. Anyone who gives them money deserves to lose it. 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. Tovbbi informcirt s a belltsi lehetsgek kezelshez kattintson a Belltsok kezelse gombra. 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. This valuation figure is a key element in the complaint from the former CEO John Fikany. Lets start up with the current stock price of Qurate Retail Inc. (QRTEA), which is $1.94 to be very precise. Although cannabis use is still illegal at the federal level for recreational use it is legal as medication and for research purposes. Bright Green reaches several key milestones, advancing progress against its strategic plan. . 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. Bright Green Corporation is a Fort Lauderdale, Florida-based operation, 2. Brmikor mdosthatja a kivlasztott belltsait az Adatvdelmi lehetsgek oldalon. Bright Green develops uniqueness within the plant architecture with homogenous cannabinoid expression and powdery mildew tolerance. 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. Refer to Supplementary Information listed below for further drug information. Bright Green Corporation is a privately-owned company consisting of an executive team experienced in technology, greenhouse operation, manufacturing, marketing, agriculture, body health & wellness . Fikany says he was concerned about the false and misleading nature of Stockwells valuation report asking, How is it possible that we continue to radically increase our valuation from $1.5 billion to 2.5 to 4.0 to 6.5? According to the complaint, Fikany became worried his name would be attached to the companys valuation statement, which he believed was false and inaccurate. Bright Green Corporation focuses on the propagation, cultivation, and manufacturing of cannabis products. 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. 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. 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. He expressed his fear that his reputation would be at risk for knowingly telling investors that Bright Green had a valuation that was incorrect. Still, reputational damage presents a headwind for marijuana stocks, thereby forcing investors to take a cautious approach. The direct listing raises NO MONEY for the company itself. 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. 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. When is the Bright Green IPO Date? In July 2019, the company issued a letter to investors with the alleged inflated valuation over Fikanys opposition. 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. Crunchbase confirms that Bright Green Corporation is in the Fort Lauderdale part of Florida. When the Bright Green Corporation first came into existence, it was a privately owned business. 2023 All rights reserved. It operates a cost-effective system of indoor growing that produces higher yields and extended harvesting with its full-year cultivation. At this point, the company actually paid Fikany his one and only paycheck of $19,230.77. The Company is engaged in cannabis propagation, cultivation, and manufacturing of . 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 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 . Required fields are marked *. Designed and Developed by Black Rock Digital Agency. Bright Green Corporation Our Mission. 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. Acquisition will support Bright Green's ability . Despite your claims of their superior products, they dont even grow anything yet. Bright Green Corporation provides federally-authorized researchers legal access to high-quality cannabis and associated products. In fact, the company only has net losses. Its a pump and dump.

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