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. Crunchbase confirms that Bright Green Corporation is in the Fort Lauderdale part of Florida. Bright Green Corporation is a privately-owned company consisting of an executive team experienced in technology, greenhouse operation, manufacturing, marketing, agriculture, body health & wellness . The Company is engaged in cannabis propagation, cultivation, and manufacturing of . 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. In addition, long term Debt to Equity ratio is set at 0.00. Another thing that is unique about companies going public is that the SEC requires a bankruptcy to be disclosed to potential shareholders. 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 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. Bright Green recently began trading on the NASDAQ (NDAQ) as a direct listing, not as an Initial Public Offering (IPO). The excitement was short-lived, as the stock crashed back down to Earth. 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 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. The firm provides federally . The company has achieved an efficient automated production system for the production of superior quality cannabis 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. 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 . 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. Anyone who gives them money deserves to lose it. "This quarter, Bright Green reached . 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.. It is a highly productive growth strategy that results in mature clone plants created from tiny clippings. It is a DEA-certified operation that meets the criteria for approval under the federal authorization of a Schedule 1 drug handler. Market Cap. The stock current value is $0.45.Recently in News on November 14, 2022, Bright Green Announces . 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. Bright Green Corporation stocks (BGXX.US) are listed on the NASDAQ and all prices are listed in US 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. The deal had been in the works prior to Fikany coming on board but hadnt actually closed. The stocks price range for the 52-week period managed to maintain the performance between $0.35 and $58.00. They issued millions of shares to themselves at one penny and have mostly cashed out already. 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 idea is that investors should have adequate information in order to make a wise investment decision. Robinson was the Chief Executive Officer of BMW Financial Services for the Americas Region from April 2005 to December 2016. 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. Even worse, the Central New Mexico Electric Cooperative (CNMEC) had shut off the electricity at the greenhouse. 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. Today 200 Day Moving Average is the resistance level (2.146 $). The processes may be applied to any type of plant-based therapy research. The Bright Green Corporation reports that its team of greenhouse workers are specialists and experts known throughout the world for their expertise in live-plant cultivation. Bright Green Corporation focuses on the propagation, cultivation, and manufacturing of cannabis products. 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. Currency in USD. In the last 20 days, the companys Stochastic %K was 21.09% and its Stochastic %D was recorded 15.45%. Bright Green Corporation has support at high levels, 13. 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. 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. It operates a cost-effective system of indoor growing that produces higher yields and extended harvesting with its full-year cultivation. Many of the scams are basically pyramid scams. 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. After six months of work, Fikany had yet to be paid. 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. Bright Green Corporation accepts $1 donations for the One Tree Planted project to help fund the project. 1. 5 Undervalued Stocks For 2023 In fact, the company only has net losses. Our vision is to improve the quality of life across a broad demographic spectrum through the opportunities presented by medicinal applications of plant-based therapies, particularly cannabis and cannabis-derived products. As far as I can tell theyve got an empty plot of land in the desert. 23. Still, reputational damage presents a headwind for marijuana stocks, thereby forcing investors to take a cautious approach. Edward Robinson is the founder and CEO of the Robinson Advisory Services PLLC. However, a noteworthy positive is its balance sheet. 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. In addition to the Capussi lawsuit, Bright Greens former CEO John Fikany is also suing the company. "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 . 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. 1. 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.. LinkedIn confirms that he is an expert in consulting for the executive level of the wholesale and retail sector with a focus on operational proficiency. 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 . 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. 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. Scores indicate decile rank relative to index or region. CNMEC appealed the judgment and won giving Stockwell little more than his attorney fees. You nor anyone else have any idea how tight of a ship they run because there is no ship. 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 original CEO is suing them for valuation fraud, claiming that the companys founders pressured him to make false claims about the value of shares and the company. 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. The potential for entry into the US and international markets is high. The Bright Green filing says that Capussi is suing for 108,000 shares of the 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. Therefore, if none of these entities want to sell their shares, a transaction will not occur. It implements the use of robotics including a device called the Visser Transplanter. Bright Green Corporation sponsors programs to improve the health of the planet and the health of patients, 3. The potential for receiving full federal recognition for its business purposes is high. Can I sue the company it took my 15K out of 30K investment, their fraud resulted in a heavy loss for me. The company was founded by Lynn Stockwell on April 16, 2019 and is headquartered in Fort Lauderdale, FL. For the readers interested in the stock health of Bright Green Corporation (BGXX). Bright Green Corporation (Nasdaq: BGXX ) First US marijuana plant-touching company to list on the Meeting these goals will further enhance our capabilities throughout 2023 and 2024 as our capital needs are achieved. Bright Green Corporation provides federally-authorized researchers legal access to high-quality cannabis and associated products. For the retail investor, BGXX stock provides an interesting risk-reward profile. Terry Rafih is the chairman of the board. Bright Green Corporation is an American pharmaceutical manufacturer that produces plant-based medicines and cannabis-related products for research and use in pharmaceutical applications. The Bright Green Corp. is just another scam to spend other unsuspecting people. People have a long memory about their financial losses, which means interest could be lacking for Bright Greens DPO. In 2017, John Stockwell was listed as the CEO of Bright Green according to, which stated the greenhouse would open in 2017. 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. When is the Bright Green IPO Date? Bright Greens current CEO is Edward Robinson. 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 could purchase more mature plants to speed up the process, but then the DEA would actually be buying someone elses plants. We provide our members natural alternatives in a professional and safe environment. The pillar scores are Audit: N/A; Board: N/A; Shareholder Rights: N/A; Compensation: N/A. If you judged it regarding the age of the operation it would still be in its infancy stage of development, but thats not the case for Bright Green. Stockwells wife Lynn Stockwell is a Director of the company and owns 44% of the voting shares or 69 million shares. Brmikor mdosthatja a kivlasztott belltsait az Adatvdelmi lehetsgek oldalon. Without electricity, they couldnt pump water to fight the fire, and the Estancia greenhouse was destroyed. Fikany also says in the lawsuit that his employment wasnt contingent on any specific measures of success. 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