The sanitation giant that started as a small business has grown immensely over the past 60 years. Robinson was the Chief Executive Officer of BMW Financial Services for the Americas Region from April 2005 to December 2016. 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. Santa Fe, NM, May 24, 2021 (GLOBE NEWSWIRE) -- Rural New Mexico will soon be the home to one of the nation's largest cannabis manufacturing and research facilities, New Mexico Gov. First, Bright Greens federal pathway is enormous. Can I sue the company it took my 15K out of 30K investment, their fraud resulted in a heavy loss for me. 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 result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 38.44%. 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. Investchronicle.com is an Economic news website, which offers broad information about the Stock markets and Equities. 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. Now, the immediate question that arises is this: what makes Bright Green different from all the other marijuana stocks available? Its a potting robot that reduces the need for human interaction. "This quarter, Bright Green reached . Bright Green has an understanding with the Drug Enforcement Administration, 12. Undeterred, Fikany continued to push back. it cultivates hybrids with zero risk of cross-contamination. The board of directors at Bright Green Corporation has six members. Bright Green Corporation is a Fort Lauderdale, Florida-based operation. Bright Green in its statement suggests that Fikany was hired to complete the Acoma Pueblo deal, which ultimately never closed. This is also the second groundbreaking ceremony. No additional shares are offered to the public, which reduces scrutiny. When it comes to the year-to-date metrics, the Bright Green Corporation (BGXX) recorded performance in the market was -98.20%, having the revenues showcasing -61.87% on a quarterly basis in comparison with the same period year before. The fire apparently devastated Stockwell financially according to the bankruptcy documents. The bank that helped them list directly should be held accountable. 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. Granted they arent trading publicly, but they arent untested with regard to valuations. The massive production facilities located in New Mexico boast plans to build the facility to encompass incredible square footage of more than seven million square feet. . Theyll have to make another offering that dilutes the crap out of the shares. 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. 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 . 1. The NASDAQ seems to be playing along even though it also doesnt seem to have vetted the companys valuation claims. Bright Green Corporation stocks (BGXX.US) are listed on the NASDAQ and all prices are listed in US Dollars. Bright Green Media ContactBrightGreen@edelman.com, Bright Green Investor Relations ContactBrightGreenIR@edelman.com, Just hours before the Idaho murders, another grisly scene unfolded outside Bryan Kohberger's window, Polar bear kills woman, boy in remote Alaska village, Hawaii fisherman overboard, missing after hooking large ahi, Reality TV star Julie Chrisley reassigned from Florida prison to federal medical center, The rich and powerful flocked to Davos via private jet to discuss climate change, study finds. 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. The facility in Grants, New Mexico is supposed to be A two-acre Fast Start University Greenhouse to begin housing our cannabis research, development, cultivation, and manufacturing operations. Bright Green also stated in its filing that its existing 22-acre Venlo greenhouse is currently under renovation to be operational in May 2022 and provide the initial supply of marijuana and marijuana extracts. Bright Green (BGXX 1.94%) is a Florida-based cannabis business that the federal government has approved to grow cannabis for limited . The company is sanctioned to provide cannabis, and cannabis-related products legally, for North American research projects. The processes occur within a controlled environment with careful attention to the fine details that could affect the cloning and propagation processes. It has these things going for it, but Bright Green faces an uncertain future, as do all companies involved in the cannabis industry. 23. The basic concept between an IPO and DPO is the same: enable retail (public) investors to acquire shares of a previously privately held enterprise. The Bright Green Corporation is a publicly-traded company, 18. Ultimately, Stockwell refused to send the escrow money to the Acoma Pueblo and that deal fell through. 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 . 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 . 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 . It is a company that is dedicated to furthering research to improve the quality of human life. Bright Green Corporation began trading on the Nasdaq on May 17. Through strict oversight, BrightGreen helps to enhance the consistency of harvest and purity of the product. To learn more, visit www.brightgreen.us. Another thing that is unique about companies going public is that the SEC requires a bankruptcy to be disclosed to potential shareholders. For instance, the AdvisorShares Pure US Cannabis ETF (NYSEARCA: MSOS) is down a staggering 65% in the trailing year (May 18, 2021 to May 16, 2022). 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. After attorney fees were deducted, he was left with about $5.45 million in cash. At the time of this writing, the total market value of the company is set at 76.68M. 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. The company recently made business news when it went public on the Nasdaq stock exchange. Bright Green Corporation v. John Fikany, D-1333-CV-2020-00231, State of New Mexico, County of . Something is missing from that narrative. She has covered the cannabis industry for several years at Forbes, Seeking Alpha and TheStreet. The Bright Green Corporation invested $300 million in its new complex in 2021. 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. 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. What kind of propaganda is this? Benzinga suggests some reasons to consider Bright Green Corporation stock as an addition to your current investment portfolio. That was less than a year ago and the enterprise is already making history. Though the pros and cons of each format goes beyond the scope of this article, an IPO provides price stability in that underwriters negotiate terms before the newly listed company goes public. Bright Green is the type of enterprise that can help change the world for the better. The Bright Green Corporation launched the groundbreaking of its New Mexico facility with the blessings of civic leaders, business leaders, and elected officials. The DEA also would not confirm it had a contract with Bright Green and wouldnt comment on the MOA. Therefore, established market analysts have not yet weighed in on Bright Greens potential and risk factors. A high-level overview of Bright Green Corporation (BGXX) stock. There are not analysts providing consensus earnings estimates for the current fiscal year. Therefore, if none of these entities want to sell their shares, a transaction will not occur. But how it goes about the process is different. Debra Borchardt is the Co-Founder, and Executive Editor of GMR. 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 provides federally-authorized researchers legal access to high-quality cannabis and associated products. 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. 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.. That boosted the share price in the early days further enriching the sellers. Debra has a Master's degree in Business Journalism from New York University. In the case of Bright Green, the company states that no director or executive officer has filed for bankruptcy. State-of-the-Art 22-Acre Greenhouse Slated . Year-over-year quarterly sales growth most recently was %. Dean M. Valore is a director. Total Debt to Equity Ratio (D/E) can also provide valuable insight into the companys financial health and market status. Acoma Pueblo Gov. He was then terminated. Learn how your comment data is processed. The medical marijuana market will explode over the next seven years. Not big enough to recoup a 300m investment, thats for sure. The enterprise maintains its commitment to engaging in sustainable manufacturing processes and giving back to the earth. Prior to becoming a financial journalist, Debra was a Vice President at Bear Stearns where she held a Series 7 and Registered Investment Advisor license. The Company anticipates that subsequent events and developments will cause its views to change. The direct listing raises NO MONEY for the company itself. 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 . Your email address will not be published. Bright Green Corporation focuses on the propagation, cultivation, and manufacturing of cannabis products. You can read further details here. Bright Green Corporation estimates that the construction will complete in 2023 in Grants, New Mexico. | Bright Green is a first-mover in the U.S . The Bright Green Corp. is just another scam to spend other unsuspecting people. Cautionary Note Regarding Forward-Looking Statements: Today 200 Day Moving Average is the resistance level (2.146 $). 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. The back story of the cannabis concept stock Bright Green (NASDAQ: BGXX) involves a burned-down building, a years-long battle with the state of New Mexico, a bankruptcy case, and an angry former CEO who is accusing the company of fraud. Bright Green Corporation ( NASDAQ: BGXX) has filed to raise an undisclosed amount via a direct listing of its common stock, according to an S-1 registration statement. Its engaged in a partnership with The Forest Fire Recovery project in Ruidoso, New Mexico, to plant trees that were lost in the McBride fire. 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. To be fair, landmark legislation, such as the Agriculture Improvement Act of 2018 (colloquially known as the farm bill) made certain cannabis derivatives such as the hemp-derived cannabidiol (CBD) legal in the U.S. Its a serious business that employs world-class professionals in their respective fields. 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. 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. January 17, 2023, 13:30 GMT. The company is selective about the workers in charge of its live plant cultivation because the strains of the cannabis plants it develops must meet rigid standards of perfection. Its a pump and dump. Bright Greens current CEO is Edward Robinson. The company is still in the startup phase and will be there for some time, but it is a business with bright prospects. People have a long memory about their financial losses, which means interest could be lacking for Bright Greens DPO. Per its S-1 disclosure, management anticipates that its firm will receive final registration regarding federally sanctioned marijuana research in June 2022. 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. Wheres the 300m coming from and what was the point of going public besides enriching original investors?? Az adatvdelmi irnyelvek kztt s a Cookie-szablyzatban bvebben olvashat arrl, hogyan hasznljuk fel az adatait. Theres two sides to every story but it doesnt look good. 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. Not one single plant has been grown. 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