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Bright Green Corporation (BGXX) is at the forefront of the legal cannabis industry, providing high-quality cannabis, cannabis-related products, and other medicinal plant-based therapies. The company is dedicated to manufacturing these products for both research and pharmaceutical applications. Additionally, Bright Green plays a significant role in producing active ingredients for consumer-based solutions.
Bright Green is particularly focused on developing cannabis strains with high levels of CBN (cannabinol) and CBG (cannabigerol). These compounds are gaining attention for their potential therapeutic benefits, making the company a key player in the evolving landscape of medicinal cannabis.
In recent news, Bright Green has made notable strides in domestic pharmaceutical production, following its approval from the New Mexico Board of Pharmacy. This achievement underscores the company's commitment to regulatory compliance and its ability to meet stringent standards for pharmaceutical-grade products.
Financially, Bright Green has reported strong performance in the third quarter of 2023, reflecting its robust market position and strategic initiatives. The company's partnerships and ongoing projects further enhance its capabilities and market reach.
For more detailed and up-to-date information, stakeholders and interested parties can contact the media and investor relations teams via ir@brightgreen.us or through the public relations contacts provided.
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Bright Green Corporation (BGXX) has announced the acquisition of assets from C2 Wellness Corporation, including novel cannabinoid molecules and prodrugs, proprietary formulations, and nano-encapsulated cannabinoid formulations. The purchase involves 5 million shares of common stock of Bright Green Corporation payable to all shareholders of C2, with the implementation of the transaction approved by both companies' boards. The strategic partnership aims to innovate CBD and THC analogs with enhanced properties, derived exclusively from plant sources, focusing on developing products that offer improved safety and efficacy over current CBD and THC-based medicines. The partnership will capitalize on the 'Drugs Made in America' initiative by Bright Green Corporation, with research and development activities taking place at a cutting-edge research center in Albuquerque, New Mexico. The collaboration signifies a major advancement in plant-based drug development and solutions, with a focus on enhancing health and wellness and creating significant value for the shareholders of both companies.
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Bright Green Corporation appoints Groovy Singh as the new CEO, replacing Seamus McAuley who is stepping back due to health concerns. Singh brings extensive experience in cannabis and wellness industries, with a focus on investing in top talent, commercial operations, clinical research, and plant-based therapies. The company aims to raise $500 million under the EB-5 Program and expand its operations in New Mexico.
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Bright Green Corporation (Nasdaq: BGXX) achieved several key milestones in Q3 2023, focusing on the marketing of a $500+ million capital raise using the USCIS EB-5 program, expanding its business to include production of additional controlled substances, and onboarding a new CEO. The company reported no revenues for the quarter, with total operating expenses of approximately $1.8 million and a net loss of approximately $1.9 million. As of September 30, 2023, the company had cash of $121,724 and total liquidity of approximately $15.1 million.
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Bright Green Corporation (BGXX) announces a new alliance with Asia Capital Pioneers Group Inc. (ACPG) to connect with investors in the Asia-Pacific region for their EB-5 investment project. The partnership aims to raise over $500 million for the construction of advanced agricultural growing facilities, offering 100,000 shares at $8.80 per share with a 3-year lockup period. This move follows the Company's termination of its relationship with a rented regional center, establishing Regional Center Bright Green to manage EB-5 investments.
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Bright Green Corporation appoints Groovy Singh as CEO, focusing on investing in talent, commencing commercial operations, and expanding into cultivation and manufacturing of scheduled substances. Singh's experience in consumer products and international markets will be pivotal. Singh aims to position Bright Green as a premier cultivator, manufacturer, and supplier of Active Pharmaceuticals Ingredients. Singh's appointment follows Bright Green's historic DEA registration and plans to raise $500 million under the UCISC EB-5 Program. Singh will drive business operations in New Mexico, solidifying Bright Green's position in the cannabis and pharmaceutical space.
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Bright Green Corporation settles $3.6 million related party loan in shares and warrants
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Bright Green Corporation achieves key milestones in Q2 2023, including DEA registration and license approval. The company focuses on fundraising and greenhouse improvements. Financial results show no revenues but reduced operating expenses.
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Bright Green Corporation (Nasdaq: BGXX) announced the selection of specific plants for test crops at its Grants New Mexico facility, with plans to start revenue generation in late 2023 and complete phase 2 of its greenhouses in late 2025. The company expects to be the largest producer of pharmaceutical grade cannabis extracts in the world, with minimum debt and share dilution. The facility is DEA-approved and will be the largest of its kind, with partnerships aimed at fulfilling FDA cGMP requirements and other standards.
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Bright Green Corporation (Nasdaq: BGXX) is launching a university-based EB-5 initiative to provide foreign students attending universities in the United States the opportunity to purchase an EB-5 visa. This initiative aims to foster relationships with U.S. learning institutes to enhance the application of scientific discipline to medical and pharmaceutical cannabinoid therapies. The extension of the EB-5 offering to foreign students will offer U.S. citizenship benefits and provide capital to the Company.
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Bright Green Corporation announces its inclusion in the Russell 3000® Index, marking a milestone in the company's progress. The company aims to produce botanical raw material and pharmaceutical ingredients from its greenhouse in New Mexico. Membership in the index means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index.
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FAQ
What is the current stock price of BRIGHT GREEN (BGXX)?
The current stock price of BRIGHT GREEN (BGXX) is $0.062 as of December 24, 2024.
What is the market cap of BRIGHT GREEN (BGXX)?
The market cap of BRIGHT GREEN (BGXX) is approximately 11.4M.
What does Bright Green Corporation specialize in?
Bright Green Corporation specializes in providing cannabis, cannabis-related products, and other legal medicinal plant-based therapies for research and pharmaceutical applications.
What are CBN and CBG?
CBN (cannabinol) and CBG (cannabigerol) are cannabinoids found in cannabis plants, known for their potential therapeutic benefits.
What recent approvals has Bright Green Corporation received?
Bright Green Corporation received approval from the New Mexico Board of Pharmacy, which is significant for its domestic pharmaceutical production.
How did Bright Green perform financially in the third quarter of 2023?
Bright Green reported strong financial performance in the third quarter of 2023, reflecting its robust market position and strategic initiatives.
Who should be contacted for media or investor inquiries?
For media or investor inquiries, contact ir@brightgreen.us or Interdependence Public Relations at (310) 745-1407.
What are Bright Green's primary products?
Bright Green focuses on developing cannabis strains with high contents of CBN and CBG, and other medicinal plant-based therapies.
Where can I find more information about Bright Green Corporation?
More information can be found on their official website www.brightgreen.us or by contacting their media and investor relations teams.
What is Bright Green's market focus?
Bright Green focuses on the cannabis industry, particularly for research and pharmaceutical applications, and the development of high-CBN and high-CBG products.
How does Bright Green contribute to consumer-based solutions?
Bright Green provides active ingredients derived from cannabis, which are used in various consumer-based solutions.
What is the significance of Bright Green's recent achievements in domestic pharmaceutical production?
Bright Green's recent achievements in domestic pharmaceutical production highlight its compliance with regulatory standards and its capability to produce high-quality, pharmaceutical-grade products.
BRIGHT GREEN CORP
Nasdaq:BGXX
BGXX Rankings
BGXX Stock Data
11.37M
71.60M
62.55%
1.54%
0.39%
Drug Manufacturers - Specialty & Generic
Medicinal Chemicals & Botanical Products
United States of America
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