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However, nothing is ever clear cut regarding the cannabis industry. The stock current value is $0.45.Recently in News on November 14, 2022, Bright Green Announces . Total Debt to Equity Ratio (D/E) can also provide valuable insight into the companys financial health and market status. The fire apparently devastated Stockwell financially according to the bankruptcy documents. Its a serious business that employs world-class professionals in their respective fields. And finally, even if they follow through on all of their claims, which I doubt, the business model simply isnt viable. Without electricity, they couldnt pump water to fight the fire, and the Estancia greenhouse was destroyed. The direct listing raises NO MONEY for the company itself. Company owes more that $400,000 in unpaid principal and interest. How big do you think that market is? Every company that he has been involved with has lost massive amounts of money or gone bankrupt. Bright Green Stock Makes Its Trading Debut. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 38.44%. 53-5-1 to 53-5-10 NMSA 1978; Business Classification Text FARMING Agent Name Registered Agents Inc Agent Address 530-B HARKLE ROAD, STE 100, Santa Fe, NM, 87505, USA 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. 26. Additionally, it is the fourth biggest IT, Read More 20 Things You Didnt Know About FoxconnContinue. Globe-News Wire confirms that the Bright Green Corporation is a new company. Fikany also says in the lawsuit that his employment wasnt contingent on any specific measures of success. It has grown to become the largest of its kind in the world. What kind of propaganda is this? 22. Dr. Alfie Morgan is the director. He expressed his fear that his reputation would be at risk for knowingly telling investors that Bright Green had a valuation that was incorrect. The enterprise maintains its commitment to engaging in sustainable manufacturing processes and giving back to the earth. 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. Instead, this type of listing depends entirely on the availability of stock from current employees and investors. 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. 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. Do your homework people!! It operates a cost-effective system of indoor growing that produces higher yields and extended harvesting with its full-year cultivation. For the readers interested in the stock health of Bright Green Corporation (BGXX). So where are these claims coming from? 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. That is the equivalent of 115 acres of advanced manufacturing technology. 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 business made history when it entered the market to represent the cannabis industry on the stock exchange. In July 2019, the company issued a letter to investors with the alleged inflated valuation over Fikanys opposition. Wheres the 300m coming from and what was the point of going public besides enriching original investors?? According to the court document Fikany claims that Stockwell almost torpedoed the deal, but he was able to save it. 251 LITTLE FALLS DRIVE; Wilmington; 19808; DE; USA; Governing Legislation. But how it goes about the process is different. At the very opening of the session, the stock price was $0.68, For the readers interested in the stock health of Sirius XM Holdings Inc. (SIRI). Save my name, email, and website in this browser for the next time I comment. Kurt Riley, surrounded by members of Tribal Council and Acoma Business Enterprises, signing a business agreement with Bright Green Group on Dec. 16, 2017. Bright Green Corporations ISS Governance QualityScore as of N/A is N/A. Bright Green could purchase more mature plants to speed up the process, but then the DEA would actually be buying someone elses plants. 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.. January 17, 2023, 13:30 GMT. It has the blessings of the DEA, through a memorandum of agreement signed by both parties. 2023 All rights reserved. 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 . The Bright Green stock prediction results are shown below and presented as a graph, table and text information. Bright Green Corp's trailing 12-month revenue is $0.0 million with a % profit margin. Are you looking to buy an IPO? They were present for the event that would launch a premier plant-based research facility. The Registered Agent on file for this company is Registered Agents Inc. and is located at 530-B Harkle Road Ste 100, Santa Fe, NM 87505. He is also the chief executive officer of the corporation. 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. As a first mover in the federally licensed cannabis space, it has the opportunity to strike while the iron is hot. Their conditional understanding with the DEA is for research purposes only. 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. 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. Bright Green stock forecasts are adjusted once a day based on the closing price of the previous trading day. However, such products must contain less than 0.3% delta-9-tetrahydrocannabinol (THC), the hallmark psychoactive compound of marijuana. Bright Green Corp. is working with EF Hutton, a division of Benchmark Investments LLC, to list its shares. 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. Required fields are marked *. 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 Corporation (Nasdaq: BGXX ) First US marijuana plant-touching company to list on the Bright Green acquired 25% of Alterola's issued and outstanding common stock. 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. CNMEC appealed the judgment and won giving Stockwell little more than his attorney fees. Stockwell is a Canadian citizen and his next-door neighbor in Canada was Jerry Capussi who is suing for shares of Bright Green. There are not analysts providing consensus earnings estimates for the current fiscal year. But this is just one of the opportunities we have researched in our free report. Bright Green Corporation is a New Mexico Foreign Profit Corporation filed on October 30, 2020. Debra Borchardt June 2, 2022 19 min 6. It is a DEA-certified operation that meets the criteria for approval under the federal authorization of a Schedule 1 drug handler. Year-to-date Price performance of the companys stock appears to be encouraging, given the fact the metric is recording -98.20%. Despite your claims of their superior products, they dont even grow anything yet. Dean M. Valore is a director. 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 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. 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. 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. Because of the vagaries between federal controls and certain states acquiescence, many financial institutions want nothing to do with cannabis-related enterprises. 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. 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. Bright Green Corporations ISS Governance QualityScore as of N/A is N/A. Bright Green states in its prospectus, "In May 2021, we entered into the MOA with the DEA, which outlines the terms of the DEA's conditional approval of Bright Green to proceed through the DEA's registration process, as described above. 5 Undervalued Stocks For 2023 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. 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. "This quarter, Bright Green reached . All rights reserved. The stock shot up almost immediately to $58 and has since sold off and was lately selling at $3.54. 1033 George Hanosh BoulevardGrants, NM 87020United States833 658 1799https://www.brightgreen.us. Tovbbi informcirt s a belltsi lehetsgek kezelshez kattintson a Belltsok kezelse gombra. 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. 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" or "the Company"), one of the very few companies selected by the U.S. government to grow . Thats of course after insiders sell their shares. 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 . 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. 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. With the $65.9 billion market estimate, sizable profits are possible. Market Cap. In the last 20 days, the companys Stochastic %K was 21.09% and its Stochastic %D was recorded 15.45%. Bright Green Corporation accepts $1 donations for the One Tree Planted project to help fund the project. Robert Arnone is a director. Bright Green Corporation has support at high levels, 13. 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. 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 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. Its a perfect marriage to create a world-class enterprise. Stockwell was responsible for hiring the advisors to determine the number, but Fikany said the valuation was misleading and aggressive. Bright Green (BGXX 1.94%) is a Florida-based cannabis business that the federal government has approved to grow cannabis for limited . Here let me add a few more to your list: 21. In the case of Bright Green, the company states that no director or executive officer has filed for bankruptcy. She was at the groundbreaking ceremony for the $300 million planned research complex, even though the company has nowhere near that amount of money. 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. But they dont care because theyve already secured their bag. Alterola & Bright Green have today entered into a LoI to supply the necessary BRM and APIs to further advance development of Alterola's pharmaceutical assets That was less than a year ago and the enterprise is already making history. The horticulturists start with cultivars that were carefully selected for essential characteristics, cross-bred, and generated to exhibit desired characteristics. The Company anticipates that subsequent events and developments will cause its views to change. It is currently valued at $5.98. Bright Green Corporation employs 0 staff and has a market . Their plans depend on a 300m greenhouse being built. Acoma Pueblo Gov. According to the, No additional shares are offered to the public, which reduces scrutiny. The stocks price range for the 52-week period managed to maintain the performance between $0.35 and $58.00. We provide our members natural alternatives in a professional and safe environment. To understand the meaning of the, Read More The History of and Story Behind the Waste Management LogoContinue, Foxconn is a Taiwanese startup that has evolved into a multinational electronics contract manufacturing company. The forward-looking statements included in this press release represent the Companys views as of the date of this press release. 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. Branch of BRIGHT GREEN CORPORATION (Delaware (US)) Registered Address. The pharmaceutical manufacturer focuses on the development of cannabis-based products for research into treatments and cures in the pharmaceutical industry. | Bright Green is a first-mover in the U.S . As well, especially during these unusual circumstances, Wall Street can be volatile. He is no longer listed as having a role in the company. Cautionary Note Regarding Forward-Looking Statements: 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. 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 is engaged in cannabis propagation, cultivation, and manufacturing of . The Bright Green Corp. is just another scam to spend other unsuspecting people. Find the latest Bright Green Corporation (BGXX) stock quote, history, news and other vital information to help you with your stock trading and investing. You can read further details here. December 15, 2022. It is currently valued at $0.50. Bright Green Corporation is the most advanced greenhouse ecosystem, 14. Extending health through cannabis, Bright Green is leading the way on plant-based therapies. Through strict oversight, BrightGreen helps to enhance the consistency of harvest and purity of the product. Its last market close was $0.489 - an increase of 27.68% over the previous week. I can unsubscribe or change my email preferences atanytime. 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. After attorney fees were deducted, he was left with about $5.45 million in cash. Many of the scams are basically pyramid scams. The company has developed an improved system for creating sustainable greenhouse growth conditions. "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 . Although cannabis use is still illegal at the federal level for recreational use it is legal as medication and for research purposes. The processes occur within a controlled environment with careful attention to the fine details that could affect the cloning and propagation processes. Bright Green Corporation is an innovator, 8. Designed and Developed by Black Rock Digital Agency. In 2020, she lent the company $392,194 and has no fixed repayment term. Subscribe to the Green Market Report newsletter that gives you original content delivered straight to your inbox. 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. About Bright Green The idea is that investors should have adequate information in order to make a wise investment decision. Bright Green and Alterola share the vision of creating FDA and other regulatory-approved medicines which will deliver therapeutic benefits to patients for specific conditions and producing high quality BRM and APIs. 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. In the case of Bright Green, the company states that no director or executive officer has filed for bankruptcy. But the Florida-based company's shares have since plunged on the Nasdaq, from nearly $60 to the low single digits. The Bright Green Corporation runs a tight ship, 7. Its a pump and dump. Left to right: Dean Valore, Ed Robinson, Terry Rafih, Lynn Stockwell, John Stockwell, Robert Arnone. 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. Agent Name CORPORATION SERVICE COMPANY Agent Address 251 LITTLE FALLS DRIVE, WILMINGTON, New Castle, DE, 19808 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. That boosted the share price in the early days further enriching the sellers. Bright Green Former CEO Claims Valuation Fraud. Although cannabis is not a legal industry in the eyes of the feds, the DEA granted conditional approval through a memorandum of understanding which makes Bright Green a legitimate federally legal cannabis grower and medical purpose distributor under the terms of agreement for sales to universities and research institutes. 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. The systems of Bright Green operations are a meticulously ordered set of processes that involve the management of an enclosed greenhouse ecosystem. Debra has a Master's degree in Business Journalism from New York University. 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. NasdaqCM - NasdaqCM Real Time Price. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders equity. In 2017, John Stockwell was listed as the CEO of Bright Green according to, which stated the greenhouse would open in 2017. On further appeal, in 2013 the New Mexico Supreme Court reversed the Court of Appeals decision in part, increasing Stockwells award to about $7.4 million. 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 . Look it up. Bright Green Provides Operational Update on its Agricultural Complex in Grants, New Mexico. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Pets and diseases are better controlled through the processes that maximize the efficiency of water used to produce high-quality crops under production security with strict guidelines and scrutinized processes. 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. 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