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. 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 . Not one single plant has been grown. 24. The company is sanctioned to provide cannabis, and cannabis-related products legally, for North American research projects. For the readers interested in the stock health of Bright Green Corporation (BGXX). The Motley Fool confirms that the Bright Green Corporation filed for its initial public offering and went public in May of 2022. Most companies clean up lawsuits before going public so that investors wont see the dirty laundry. As far as I can tell theyve got an empty plot of land in the desert. Debra Borchardt June 2, 2022 19 min 6. The stock current value is $0.45.Recently in News on November 14, 2022, Bright Green Announces . 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 company's filing status is listed as Active and its File Number is 5992010. The only thing keeping the deal from being consummated was that Bright Green needed to deposit some escrow money. If you like to purchase items on credit, its one of the easiest companies to use. Additionally, it is the fourth biggest IT, Read More 20 Things You Didnt Know About FoxconnContinue. Although its everywhere these days, this is where the largest concentration of locations are, Read More 20 Things You Didnt Know About Texas RoadhouseContinue, If youve been to a supermarket lately, you are probably painfully aware of the shortages that are so readily apparent on the shelves. 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 forward-looking statements included in this press release represent the Companys views as of the date of this press release. 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 estimates that the construction will complete in 2023 in Grants, New Mexico. People have a long memory about their financial losses, which means interest could be lacking for Bright Greens DPO. Its still in the developmental stages of that part of its journey. In July 2019, the company issued a letter to investors with the alleged inflated valuation over Fikanys opposition. . Bright Green operates a superior genetics breeding program, 5. The Bright Green Corporation sets the example of innovation in greenhouse growth through its optimization of plant growth. They currently have less 700k in cash. In 2020, she lent the company $392,194 and has no fixed repayment term. 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. 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. June 28, 2022 08:00 ET | Source: Bright Green Corporation. 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. 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. 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. 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. Bright Green started as a privately held enterprise, 17. The idea is that investors should have adequate information in order to make a wise investment decision. Common stock shares were lifted by -61.87% during last recorded quarter. As a direct listing, pricing data for BGXX stock wont be available until the free market determines what it will be. 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 . No additional shares are offered to the public, which reduces scrutiny. 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. The operating expenses were $2.5 million for 2021, yet the business had a cash balance of $1.3 million. 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. EF Hutton served as the financial advisor. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. 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. Crunchbase confirms that Bright Green Corporation is in the Fort Lauderdale part of Florida. They issued millions of shares to themselves at one penny and have mostly cashed out already. He was also to get 2.5 million shares. Bright Green Corporation provides federally-authorized researchers legal access to high-quality cannabis and associated products. The team at Bright Green Corporation is experienced and vetted in their areas of expertise. The Acoma Pueblo sent documentation to formally withdraw from the deal. John Stockwell supposedly has no official role in Bright Green, but he was featured in a photo (above) of a. in New Mexico in October 2021. Bright Green is leveraging automation and technologically driven research & development to cultivate pharmaceutical-grade plants, including medical cannabis and marihuana, delivering consistent quality in a state-of-the-art, environmentally controlled, organic ecosystem. At some point during these years, it seems the Sunnyland greenhouses were transferred to Lynn Stockwell who then transferred the property to Bright Green. Globe-News Wire confirms that the Bright Green Corporation is a new 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. The Bright Green Corp. is just another scam to spend other unsuspecting people. After attorney fees were deducted, he was left with about $5.45 million in cash. 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. Bright Green Corporation has support at high levels, 13. Our mission is to make a difference and improve lives. It stands the best chance of making the emergence of the cannabis industry into the public market a successful venture, but only time will tell. 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. Thats why it went from $58 to 2 dollars in two weeks. 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. Bright Green Corp's trailing 12-month revenue is $0.0 million with a % profit margin. Are you looking to buy an IPO? 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. Bright Green Corporation sponsors programs to improve the health of the planet and the health of patients, 3. Do your homework people!! Something is missing from that narrative. 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. https://www.greenmarketreport.com/bright-green-former-ceo-claims-valuation-fraud/. 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. 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 sanitation giant that started as a small business has grown immensely over the past 60 years. 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. Bright Green Corp. made history last month as the first plant-touching marijuana business to trade on a major U.S. stock exchange, and its market value soared as a result - to $9 billion at one point. 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. Without electricity, they couldnt pump water to fight the fire, and the Estancia greenhouse was destroyed. Crunchbase confirms that Bright Green Corporation is in the Fort Lauderdale part of Florida. January 17, 2023, 13:30 GMT. Approximately 544 miles north of Las Vegas lies what's been dubbed "the biggest lithium deposit in the US." Looking at the track record of Sunnyland and then Bright Green, it will remain a stock to keep under the microscope. 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. Bright Green Announces Closing of $10.0 Million Private Placement. But before you take that step, you must sign up for a brokerage account. 27. In that particular session, Stock kicked-off at the price of $0.40 while reaching the peak value of $0.472 and lowest value recorded on the day was $0.385. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. 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. Bright Green Corporation v. John Fikany, D-1333-CV-2020-00231, State of New Mexico, County of . In that particular session, Stock kicked-off at the price of $0.40 while reaching the peak value of $0.472 and lowest value recorded on the day was $0.385. The forward-looking statements included in this press release represent the Companys views as of the date of this press release. This is also the second groundbreaking ceremony. Brmikor mdosthatja a kivlasztott belltsait az Adatvdelmi lehetsgek oldalon. The Bright Green Corporation serves as an agricultural model, 9. 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. He is also the chief executive officer of the corporation. The board of directors at Bright Green Corporation has six members. 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. 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. 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 result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 38.44%. The Bright Green Corporation is conducting its business one hundred percent openly and above board. Many of the scams are basically pyramid scams. 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. They will live high on the hog one day, and the next they wont open their door for registered mail, because of lawsuits and creditors trying to get their money. Bright Green Corporation is a Fort Lauderdale, Florida-based operation. However, ample industry data provides important clues for prospective IPO participants. Therefore, established market analysts have not yet weighed in on Bright Greens potential and risk factors. The Company is engaged in cannabis propagation, cultivation, and manufacturing of . 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. Therefore, it could theoretically expand the reach of its solutions to a greater magnitude than its competitors. 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 . Bright Green Corporation is a New Mexico Foreign Profit Corporation filed on October 30, 2020. 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 . Bright Green Corporation is eyed as a potential long-term investment, 20 Things You Didnt Know About Texas Roadhouse, 20 Things You Didnt Know about Project44, The History of and Story Behind the Waste Management Logo, environment with careful attention to the fine details that could affect, How Maralee Nichols Achieved a Net Worth of $2 Million, How Simone Biles Achieved a Net Worth of $16 Million. Bright Green is the type of enterprise that can help change the world for the better. The organization broke ground on a cannabis research complex valued at an estimated $300 million in October of 2021. Learn how your comment data is processed. In 2017, John Stockwell was listed as the CEO of Bright Green according to, which stated the greenhouse would open in 2017. 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 Media ContactBrightGreen@edelman.com, Bright Green Investor Relations ContactBrightGreenIR@edelman.com. 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. Therefore, it might be better for a company like Bright Green to negotiate ahead of time with underwriters via a traditional IPO. Stockwell is a Canadian citizen and his next-door neighbor in Canada was Jerry Capussi who is suing for shares of Bright Green. 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.. Does that make sense to you? The horticulturists start with cultivars that were carefully selected for essential characteristics, cross-bred, and generated to exhibit desired characteristics. Crain Communications Inc 2017 document.write(new Date().getFullYear());. 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. 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