Despite your claims of their superior products, they dont even grow anything yet. 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. However, his wife Lynn Stockwell is a Director of Bright Green and John Stockwell did, The documents state that Stockwell approached Capussi and asked for assistance in starting a greenhouse business in New Mexico. 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. 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. Bright Green Corp does not have a meaningful P/E due to negative earnings over the last 12 trailing months. The Acoma Pueblo sent documentation to formally withdraw from the deal. 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. Total Debt to Equity Ratio (D/E) can also provide valuable insight into the companys financial health and market status. Bright Green Corporation provides federally-authorized researchers legal access to high-quality cannabis and associated products. Company's stock value dipped to $0.4802 during the trading on the day. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 38.44%. 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 Corporation Our Mission. They have no conscience when it comes to stealing other peoples money from friends and/or relatives. The potential for receiving full federal recognition for its business purposes is high. The documents state that Stockwell approached Capussi and asked for assistance in starting a greenhouse business in New Mexico. Some of the key advantages of Bright Green are listed below: Finally, Bright Green is constructing a state-of-the-art $300 million complex in Grants, New Mexico, that per its website will become the nations largest federally authorized and most advanced manufacturing and research facilities for plant-based therapies, including cannabis.. Bright Green Corporation (Nasdaq: BGXX ) First US marijuana plant-touching company to list on the Company owes more that $400,000 in unpaid principal and interest. Anyone who gives them money deserves to lose it. The NASDAQ seems to be playing along even though it also doesnt seem to have vetted the companys valuation claims. Therefore, if none of these entities want to sell their shares, a transaction will not occur. Bright Green Corp. engages in the cultivation, manufacture, and sale of medical cannabis. That business was called. The medical marijuana market will explode over the next seven years. Its last market close was $0.489 - an increase of 27.68% over the previous week. Bright Green Corporation provides superior products for research teams, 4. Acquisition will support Bright Green's ability . Ed is a strategic planner who lends his expertise as an advisor to Bright Green Corporation and serves on its board of directors. Look it up. 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. Its massive complex is powered with automation technology that is state of the art. 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. Most companies clean up lawsuits before going public so that investors wont see the dirty laundry. Acoma Pueblo Gov. Today's Change (4.96%) $0.02. Are you looking to buy an IPO? This valuation figure is a key element in the complaint from the former CEO John Fikany. It is currently valued at $5.98. 28. 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. Stockwell was responsible for hiring the advisors to determine the number, but Fikany said the valuation was misleading and aggressive. 1. State-of-the-Art 22-Acre Greenhouse Slated for Completion in August. To learn more, visit www.brightgreen.us. Crunchbase confirms that Bright Green Corporation is in the Fort Lauderdale part of Florida. Looking at the track record of Sunnyland and then Bright Green, it will remain a stock to keep under the microscope. The Bright Green Corp. is just another scam to spend other unsuspecting people. Bright Green is pulling out all the stops and going for perfection in its quest to deliver the highest possible quality of tissue samples for research. Photo published by Albuquerque Business First. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk. 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 Greens operation will expand to millions of square feet, 15. The Companys actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in the Companys Registration Statement on Form S-1 filed with the Securities and Exchange Commission (the SEC) on March 29, 2022 and declared effective May 13, 2022, and in the Companys Quarterly Report on Form 10-Q/A filed with the SEC on August 19, 2022, as well as other documents that may be filed by the Company from time to time with the SEC. Cautionary Note Regarding Forward-Looking Statements: Edward Robinson is the founder and CEO of the Robinson Advisory Services PLLC. Bright Green has an understanding with the Drug Enforcement Administration, 12. The Stockwells are well known for their scam business ventures in their hometown of Leamington, Ontario Canada. For the retail investor, BGXX stock provides an interesting risk-reward profile. The company is sanctioned to provide cannabis, and cannabis-related products legally, for North American research projects. Learn how your comment data is processed. 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. In that particular session, Stock kicked-off at the price, AEye Inc. (LIDR) is priced at $0.70 after the most recent trading session. Bright Green Corporation has applied to be registered as an importer of basic class(es) of controlled substance(s). Bright Green Corporation focuses on the propagation, cultivation, and manufacturing of cannabis products. Bright Green Corporation is a New Mexico Foreign Profit Corporation filed on October 30, 2020. On the other hand, a DPO does not involve the issuance of new shares for the proceeding. She has covered the cannabis industry for several years at Forbes, Seeking Alpha and TheStreet. Dr. Alfie Morgan is the director. Bright Green Corporation has support at high levels, 13. 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. The Bright Green Corporation is credited for developing one of the most advanced greenhouse systems for agriculture that the world has known. 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. 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. 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. In this context, the forecast calls for clear weather for cannabis specialist Bright Green Corp. The horticulturists start with cultivars that were carefully selected for essential characteristics, cross-bred, and generated to exhibit desired characteristics. The Companys actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in the Companys Registration Statement on Form S-1 filed with the Securities and Exchange Commission (the SEC) on March 29, 2022 and declared effective May 13, 2022, and in the Companys Quarterly Report on Form 10-Q/A filed with the SEC on August 19, 2022, as well as other documents that may be filed by the Company from time to time with the SEC. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. 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. Debra Borchardt is the Co-Founder, and Executive Editor of GMR. Designed and Developed by Black Rock Digital Agency. 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. Not big enough to recoup a 300m investment, thats for sure. Bright Green Corporation v. John Fikany, D-1333-CV-2020-00231, State of New Mexico, County of . Even though he said he had other offers on the table, the Stockwells said they could pay more. Therefore, established market analysts have not yet weighed in on Bright Greens potential and risk factors. Bright Green Corporation is a drug manufacturers-specialty & generic business based in the US. 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. 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 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. These properties became the Sunnyland Farms. 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 . 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. December 15, 2022. CNMEC appealed the judgment and won giving Stockwell little more than his attorney fees. 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 DEA also would not confirm it had a contract with Bright Green and wouldnt comment on the MOA. Bright Green reaches several key milestones, advancing progress against its strategic plan. It has grown to become the largest of its kind in the world. He began working for the company on May 1, 2018, as CEO with a salary of $1 million and was to receive $500,000 on the first day of employment. 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. Extending health through cannabis, Bright Green is leading the way on plant-based therapies. 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. based in Grants, New Mexico where Bright Green Cannabis is based. Recent examples of direct listings include Coinbase (COIN) and Spotify (SPOT).. Bright Green Provides Update on Progress as It Prepares for Multiple Activities in 2023 GRANTS, N.M., Jan. 17, 2023 (GLOBE NEWSWIRE) - Bright Green Corporation (NASDAQ: BGXX) ("Bright Green . 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. 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. 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.. Do ten minutes of research before you post junk like this. 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. 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. EF Hutton served as the financial advisor. It is currently valued at $0.50. Its a serious business that employs world-class professionals in their respective fields. This site uses Akismet to reduce spam. The Company anticipates that subsequent events and developments will cause its views to change. Raw Stochastic average of Bright Green Corporation in the period of last 50 days is set at 34.72%. The sanitation giant that started as a small business has grown immensely over the past 60 years. It has the blessings of the DEA, through a memorandum of agreement signed by both parties. 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. It is a DEA-certified operation that meets the criteria for approval under the federal authorization of a Schedule 1 drug handler. Bright Green Provides Update on Progress as It Prepares for Multiple Activities in 2023. Bright Green acquired 25% of Alterola's issued and outstanding common stock. The company's principal address is . Robert Arnone is a director. Bright Green Corporation is a vertically integrated cannabis company and multi-state operator in the US and internationally. Bright Green Corporation estimates that the construction will complete in 2023 in Grants, New Mexico. 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. 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 . Bright Green Corporations ISS Governance QualityScore as of N/A is N/A. 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. At some point during these years, it seems the Sunnyland greenhouses were transferred to Lynn Stockwell who then transferred the property to Bright Green. At the time Lynn Stockwell said, With the cooperative spirit of federal, state and business we found in New Mexico, we will see New Mexico and Bright Green Corp. become leaders in this emerging field of medical research. At the end of the latest market close, Bright Green Corporation (BGXX) was valued at $0.38. The other four companies have just as much potential. Bright Green could purchase more mature plants to speed up the process, but then the DEA would actually be buying someone elses plants. it cultivates hybrids with zero risk of cross-contamination. 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. 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. Bright Green Corporation sponsors programs to improve the health of the planet and the health of patients, 3. 42 subscribers in the BGXXBrightGreen community. In fact, the company only has net losses. In the last 20 days, the companys Stochastic %K was 21.09% and its Stochastic %D was recorded 15.45%. In 2017, John Stockwell was listed as the CEO of Bright Green according to, which stated the greenhouse would open in 2017. 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. The public can only buy the shares that are sold by the insiders. 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. 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. These are just a few of the qualities that make Bright Green Corporation stand out in the agricultural and pharmaceutical product manufacturing arena. 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 cannabis plant breeding program of the Bright Green Corporation stands out from similar companies. ("Bright Green" or "the Company"), one of the very few companies selected by the U.S. government to grow . Designed and Developed by Black Rock Digital Agency. Bright Green Corporation to build $300M high-tech cannabis manufacturing and research facility in New Mexico. They issued millions of shares to themselves at one penny and have mostly cashed out already. Bright Green (BGXX 1.94%) is a Florida-based cannabis business that the federal government has approved to grow cannabis for limited . Wheres the 300m coming from and what was the point of going public besides enriching original investors?? The pharmaceutical manufacturer focuses on the development of cannabis-based products for research into treatments and cures in the pharmaceutical industry. 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. Not one single plant has been grown. The operating expenses were $2.5 million for 2021, yet the business had a cash balance of $1.3 million. 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. I can unsubscribe or change my email preferences atanytime. It focuses on the research and development of cannabis strains and sales of products with cannabinol (CBN) and cannabigerol (CBG). Thats of course after insiders sell their shares. 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. As a direct listing, pricing data for BGXX stock wont be available until the free market determines what it will be. Brmikor mdosthatja a kivlasztott belltsait az Adatvdelmi lehetsgek oldalon. 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 . 4 min read. Additionally, it is the fourth biggest IT, Read More 20 Things You Didnt Know About FoxconnContinue. Company remains on track to start cultivation by the end of the year. Bright Green Corporation | 148 followers on LinkedIn. 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. However, his wife Lynn Stockwell is a Director of Bright Green and John Stockwell did file for bankruptcy in the state of New Mexico in 2015. According to the NASDAQ website, Companies choosing a direct listing typically have had no immediate need for additional capital, have a large and diverse shareholder base and are a well-known brand with an easy-to-understand business model. The Company is engaged in cannabis propagation, cultivation, and manufacturing of . 5 Undervalued Stocks For 2023 Even worse, the Central New Mexico Electric Cooperative (CNMEC) had shut off the electricity at the greenhouse. It says it right in the SEC filing. Bright Green Corporation is a Fort Lauderdale, Florida-based operation. Bright Green Corporation. A direct listing does not involve an underwriter. Terry Rafih is the chairman of the board. They were present for the event that would launch a premier plant-based research facility. Stockwells wife Lynn Stockwell is a Director of the company and owns 44% of the voting shares or 69 million shares. June 28, 2022 08:00 ET | Source: Bright Green Corporation. It has these things going for it, but Bright Green faces an uncertain future, as do all companies involved in the cannabis industry. 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. Bright Green Corporation employs experts in cultivation, 6. 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. The firm provides federally . The potential for entry into the US and international markets is high. Bright Green is the type of enterprise that can help change the world for the better. Bright Green Corporation grows, manufactures, and sells . Can I sue the company it took my 15K out of 30K investment, their fraud resulted in a heavy loss for me. You can read the article here and decide for yourself. Bright Green Corporation is on a mission to promote health and wellness, 16. The Bright Green Corporation shares its vision for creating a healthier planet inhabited by healthy people. At this juncture, cannabis investors must consider the possible threat of the black market. By continuing I agree to your Privacy Policy and consent to receive relevant newsletters and other email communications on events, editorial features, and special partner offers from Green Market Report. Share This Article. 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. Our mission is to make a difference and improve lives. 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. Bright Green Corporations ISS Governance QualityScore as of N/A is N/A. However, it does have net losses to the tune of $2.49 million in 2021 and $3 million in 2020. Bright Green Corporation is a provider of cannabis, cannabis-related products, and other legal medicinal plant-based therapies, manufactured in exact formulations for research and pharmaceutical applications, as well as ingredient to consumer-based solutions. Year-over-year quarterly sales growth most recently was %. 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 . Though debate rages on the topic, evidence indicates that the draconian stance on marijuana points to certain political motivations motivations that today many Americans find unpalatable, thus driving proposals for legal reformation. 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 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. The systems of Bright Green operations are a meticulously ordered set of processes that involve the management of an enclosed greenhouse ecosystem. The better the medical marijuana market will explode over the previous week cannabis industry for several years at Forbes Seeking! The development of cannabis-based products for research teams, 4 represents downgrade in oppose Raw! Basic class ( es ) of controlled substance ( s ) based in Grants, New Mexico where Green! A meaningful P/E due to negative earnings over the past 60 years pay! At Forbes, Seeking Alpha and TheStreet greenhouse would open in 2017 processes that involve issuance... 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