Enjoying a colorful history in the U.S., the passage of the 1970 Controlled Substances Act outlawed the use (including for medical purposes) of the much-maligned plant. BRIGHT GREEN CORPORATION Company Number 6763218 Incorporation Date 20 February 2018 (almost 5 years ago) Company Type Corporation Jurisdiction Delaware (US) Previous Names. 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. Bright Green Corporation sponsors programs to improve the health of the planet and the health of patients, 3. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 38.44%. The horticulturists start with cultivars that were carefully selected for essential characteristics, cross-bred, and generated to exhibit desired characteristics. 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. Here let me add a few more to your list: 21. In 2017, John Stockwell was listed as the CEO of Bright Green according to, which stated the greenhouse would open in 2017. Thus, he didnt meet the conditions of his employment and was terminated. It is currently valued at $0.50. Company remains on track to start cultivation by the end of the year. 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. Bright Green Former CEO Claims Valuation Fraud. Requirements from NASDAQ about direct listings state that in the NASDAQ Capital Market guidelines, The listing company must have a recent valuation from an independent third party indicating in excess of $10 million to $30 million in the aggregate market value of publicly held shares, depending on the financial standard met. Stockwell was responsible for hiring the advisors to determine the number, but Fikany said the valuation was misleading and aggressive. 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 . Stockwell is a Canadian citizen and his next-door neighbor in Canada was Jerry Capussi who is suing for shares of Bright Green. Consult a good lawyer and add NASDAQ to the case. The business made history when it entered the market to represent the cannabis industry on the stock exchange. Bright Green Corporation is a drug manufacturers-specialty & generic business based in the US. Your email address will not be published. However, nothing is ever clear cut regarding the cannabis industry. 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. After attorney fees were deducted, he was left with about $5.45 million in cash. 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. Market Cap. Bright Green Stock Makes Its Trading Debut. People have a long memory about their financial losses, which means interest could be lacking for Bright Greens DPO. Today 200 Day Moving Average is the resistance level (2.146 $). At this point, the company actually paid Fikany his one and only paycheck of $19,230.77. Therefore, established market analysts have not yet weighed in on Bright Greens potential and risk factors. Additionally, it is the fourth biggest IT, Read More 20 Things You Didnt Know About FoxconnContinue. "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 . it cultivates hybrids with zero risk of cross-contamination. He is no longer listed as having a role in the company. Do ten minutes of research before you post junk like this. While he was employed, Fikany was working on a deal for Bright Green to develop a cultivation facility on Indian land with the Acoma Pueblo tribe. Robert Arnone is a director. state that in the NASDAQ Capital Market guidelines, The listing company must have a recent valuation from an independent third party indicating in excess of $10 million to $30 million in the aggregate market value of publicly held shares, depending on the financial standard met. 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. Bright Green Corporation employs 0 staff and has a market . It operates a cost-effective system of indoor growing that produces higher yields and extended harvesting with its full-year cultivation. 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. 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. Year-over-year quarterly sales growth most recently was %. ET. https://www.greenmarketreport.com/bright-green-former-ceo-claims-valuation-fraud/. With Sofi Active Invest you can participate in upcoming IPOs before they trade on an exchange. While the likely federal approval of Bright Greens cannabis enterprise will be a landmark achievement, the company has to parlay that success with meaningful momentum. Bright Green Corporation is a vertically integrated cannabis company and multi-state operator in the US and internationally. Especially under present economic difficulties, cannabis businesses make sense because of their potential as a taxable revenue source. 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. 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. All rights reserved. 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. 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. "This quarter, Bright Green reached . The Bright Green filing says that Capussi is suing for 108,000 shares of the company. Bright Green Corporations ISS Governance QualityScore as of N/A is N/A. But the Florida-based company's shares have since plunged on the Nasdaq, from nearly $60 to the low single digits. Bright Green Corporation has support at high levels, 13. In the case of Bright Green, the company states that no director or executive officer has filed for bankruptcy. Acquisition will support Bright Green's ability . CNMEC appealed the judgment and won giving Stockwell little more than his attorney fees. The stock current value is $0.45.Recently in News on November 14, 2022, Bright Green Announces Third Quarter 2022 Financial Update and Milestone Progress. 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. The Company anticipates that subsequent events and developments will cause its views to change. Its products cannot be sold directly to consumers, but there are plenty of research facilities that will gladly become regular customers. The team at Bright Green Corporation is experienced and vetted in their areas of expertise. Santa Fe, NM, May 24, 2021 (GLOBE NEWSWIRE) Rural New Mexico will soon be the home . The Bright Green stock prediction results are shown below and presented as a graph, table and text information. Yes, cannabis stocks are a good investment that can help you diversify your portfolio, but you should monitor the sector carefully because rules and regulations change frequently, impacting the profitability of many of these corporations. Designed and Developed by Black Rock Digital Agency. The enterprise maintains its commitment to engaging in sustainable manufacturing processes and giving back to the earth. However, such products must contain less than 0.3% delta-9-tetrahydrocannabinol (THC), the hallmark psychoactive compound of marijuana. It has the blessings of the DEA, through a memorandum of agreement signed by both parties. At the end of the latest market close, Bright Green Corporation (BGXX) was valued at $0.38. 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. This is company is laughable. 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. The idea is that investors should have adequate information in order to make a wise investment decision. They were present for the event that would launch a premier plant-based research facility. It is currently valued at $5.98. 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, today provided an update on progress on the execution of its business plan and the developments ahead for 2023. 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.. So he lists his wife as founder. Its massive complex is powered with automation technology that is state of the art. Theres two sides to every story but it doesnt look good. 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. A direct listing does not involve an underwriter. If you want to participate in Bright Greens growth, youll need to know how to buy stocks. The system is highly energy efficient with a decentralized mechanical ventilation system that optimizes homogenous indoor climates, creating optimal cannabis growing conditions through automated growing systems that are finely calibrated for each stage of development for the plants. Requirements from NASDAQ about. That boosted the share price in the early days further enriching the sellers. Supplying the electric vehicle boom and potentially driving its stock price off the charts.

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