Bright Green Corporations ISS Governance QualityScore as of N/A is N/A. If you want to participate in Bright Greens growth, youll need to know how to buy stocks. He gets an annual base salary of $540,000 paid in monthly installments. 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. Year-to-date Price performance of the companys stock appears to be encouraging, given the fact the metric is recording -98.20%. December 15, 2022. 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 reaches several key milestones, advancing progress against its strategic plan Company remains on track to start cultivation by the end of the year GRANTS, N.M., Nov. 14, 2022 (GLOBE NEWSWIRE) -- Bright Green Corporation (Nasdaq: BGXX) ("Bright Green" or "the Company"), one of few companies selected by the U.S. government to grow, manufacture, and sell, legally under . It says it right in the SEC filing. Bright Green Corporation sponsors programs to improve the health of the planet and the health of patients, 3. The Stockwells deny the allegations about the misrepresentation of the valuation of Bright Green, but they do admit that the deal with the Acoma Pueblo did fall through. 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. Not big enough to recoup a 300m investment, thats for sure. However, it doesnt matter because Bright Green already says if it cant meet those requirements then it will just delist. She was at the groundbreaking ceremony for the $300 million planned research complex, even though the company has nowhere near that amount of money. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk. 22. 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. Debra Borchardt June 2, 2022 19 min 6. Bright Green Corporation accepts $1 donations for the One Tree Planted project to help fund the project. 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. Looking at the track record of Sunnyland and then Bright Green, it will remain a stock to keep under the microscope. The Bright Green Corporation is a publicly-traded company, 18. Bright Green in its statement suggests that Fikany was hired to complete the Acoma Pueblo deal, which ultimately never closed. 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, New Mexico. 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. 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. In his lawsuit, he claims that the Stockwells approached him to be CEO. The medical marijuana market will explode over the next seven years. The pillar scores are Audit: N/A; Board: N/A; Shareholder Rights: N/A; Compensation: N/A. 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 . Bright Green's 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. Bright Green develops uniqueness within the plant architecture with homogenous cannabinoid expression and powdery mildew tolerance. 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. Their plans depend on a 300m greenhouse being built. 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 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 We provide our members natural alternatives in a professional and safe environment. Stockwells wife Lynn Stockwell is a Director of the company and owns 44% of the voting shares or 69 million shares. Bright Green is the type of enterprise that can help change the world for the better. Click here to download your Free Copy. 23. The Stock rose vividly during, At the end of the latest market close, Trilogy Metals Inc. (TMQ) was valued at $0.60. 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. He is no longer listed as having a role in the company. Through strict oversight, BrightGreen helps to enhance the consistency of harvest and purity of the product. Market Cap. "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 . There are not analysts providing consensus earnings estimates for the current fiscal year. At the time of this writing, the total market value of the company is set at 76.68M. The potential for entry into the US and international markets is high. The Bright Green Corp. is just another scam to spend other unsuspecting people. He expressed his fear that his reputation would be at risk for knowingly telling investors that Bright Green had a valuation that was incorrect. Undeterred, Fikany continued to push back. 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. 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. EF Hutton served as the financial advisor. The Bright Green Corporation sets the example of innovation in greenhouse growth through its optimization of plant growth. She has covered the cannabis industry for several years at Forbes, Seeking Alpha and TheStreet. Bright Green has an understanding with the Drug Enforcement Administration, 12. Bright Green Corporation employs experts in cultivation, 6. Bright Green Corporation is the most advanced greenhouse ecosystem, 14. Supplying the electric vehicle boom and potentially driving its stock price off the charts. In addition to the Capussi lawsuit, Bright Greens former CEO John Fikany is also suing the company. Granted they arent trading publicly, but they arent untested with regard to valuations. 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. It is a highly productive growth strategy that results in mature clone plants created from tiny clippings. The company played up its connection to the DEA suggesting that the Memorandum of Agreement was a done deal, even though the company doesnt have a formal contract with the DEA. 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. Look it up. 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. Its products cannot be sold directly to consumers, but there are plenty of research facilities that will gladly become regular customers. But thats also where Bright Green is unique among marijuana stocks. The cannabis plant breeding program of the Bright Green Corporation stands out from similar companies. Bright Green could purchase more mature plants to speed up the process, but then the DEA would actually be buying someone elses plants. Bright Green Corporation (Nasdaq: BGXX ) First US marijuana plant-touching company to list on the Bright Green Corporation focuses on the propagation, cultivation, and manufacturing of cannabis products. 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). Get Bright Green Corp (BGXX)'s stock analysis, price valuation, corporate actions, and financials from India's independent mutual fund research house. 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 discoveries made by the Bright Green Corporation improve indoor growing practices, and they provide superior quality research materials. 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. Stockwell is a Canadian citizen and his next-door neighbor in Canada was Jerry Capussi who is suing for shares of Bright Green. 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. To learn more, visit www.brightgreen.us. Globe-News Wire confirms that the Bright Green Corporation is a new company. Required fields are marked *. Agent Name CORPORATION SERVICE COMPANY Agent Address 251 LITTLE FALLS DRIVE, WILMINGTON, New Castle, DE, 19808 In this case, Bright Green plowed ahead. Year-over-year quarterly sales growth most recently was %. If you like to purchase items on credit, its one of the easiest companies to use. 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. . Bright Green Corporation v. John Fikany, D-1333-CV-2020-00231, State of New Mexico, County of . Logically, then, a DPOs valuation is tied directly to free market forces, which could offer a favorable outcome for the listing company. 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 forward-looking statements included in this press release represent the Companys views as of the date of this press release. This site uses Akismet to reduce spam. Our mission is to make a difference and improve lives. 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. 1. Therefore, it might be better for a company like Bright Green to negotiate ahead of time with underwriters via a traditional IPO. The Company anticipates that subsequent events and developments will cause its views to change. The Bright Green Corporation launched the groundbreaking of its New Mexico facility with the blessings of civic leaders, business leaders, and elected officials. Bearing in mind the latest performance of Bright Green Corporation, several moving trends are noted. 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. But this is just one of the opportunities we have researched in our free report. Similar companies that work in the production of hybrids could learn some practical lessons from the Bright Green Corporation model. The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Recent examples of direct listings include Coinbase (COIN) and Spotify (SPOT).. Bright Green Corporation is a drug manufacturers-specialty & generic business based in the US. 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. Do Sirius XM Holdings Inc. (SIRI) beta value of 0.92 signposts another twist. Most companies clean up lawsuits before going public so that investors wont see the dirty laundry. 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. . Our team is cultivating the industrys critical news into one source and providing open source insights and data analysis, Bespoke Financial Sues In Da Cut For Not Paying Its Debt https://t.co/cStDNi2CYO, Number of the Week: 35% https://t.co/czF1LKKFvP, Cannabis ETF Investors: Bad Timers, but Committed https://t.co/2sN9SCgUDh. 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 of July 11, the stock's price was $2.22 per share a 95% fall from that May 2022 high. CNMEC appealed the judgment and won giving Stockwell little more than his attorney fees. Thus, he didnt meet the conditions of his employment and was terminated. 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 . It also provides an avenue for individuals who are trying to build, Read More 20 Companies Similar to FingerhutContinue, Phillipe De Chanville and Christian Raisson founded ManoMano in Paris in 2013. He was also to get 2.5 million shares. Your email address will not be published. Bright Green Corporation provides federally-authorized researchers legal access to high-quality cannabis and associated products. Fikany also says in the lawsuit that his employment wasnt contingent on any specific measures of success. Bright Green Former CEO Claims Valuation Fraud. The other four companies have just as much potential. 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. Full-powered cannabis itself remains very much illegal federally. These are just a few of the qualities that make Bright Green Corporation stand out in the agricultural and pharmaceutical product manufacturing arena. So where are these claims coming from? Its a pump and dump. That was less than a year ago and the enterprise is already making history. 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 . The systems and methods developed are nothing short of brilliant and they signal a turning point in the accuracy and precision that modern technological advances afford us. Additionally, it is the fourth biggest IT, Read More 20 Things You Didnt Know About FoxconnContinue. Bright Green Corporation has not yet generated revenue, 20.
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