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Bright Green Corporation - BGXX STOCK NEWS

Welcome to our dedicated page for Bright Green Corporation news (Ticker: BGXX), a resource for investors and traders seeking the latest updates and insights on Bright Green Corporation stock.

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.

News

CEO UPDATE

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Bright Green (Nasdaq: BGXX) has announced significant progress in several areas. The company confirmed its first three applications under the EB-5 investment program with Asia Capital Pioneers Group and expects more investors to follow. The first event of this partnership on May 26 featured over 100 potential investors. Bright Green has also submitted DEA 2025 quota requests for producing 22 Schedule I and II controlled substances, aiming to dominate the production of several key substances if approved. Collaborating with CEADL, the company is finalizing preparations to start production by Q1 2025. Additionally, Bright Green is establishing an in-house API and Plant Genetics Research and Medical team to support growth and leverage smart farming and AI technologies. The DEA's potential reclassification of cannabis to Schedule III is seen as beneficial, potentially boosting demand and positioning Bright Green as a major producer in the cannabis industry.

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BRIGHT GREEN ANNOUNCES ITS EXPANSION CONTINUATION WITH A $100 MILLION SOLAR POWERED GENERATION FIELD TO SUPPLY HEAT AND ELECTRICITY TO ITS DRUG PRODUCTION AND MANUFACTURING FACILITY.

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Bright Green Corporation (Nasdaq: BGXX) announces the installation of a 102-megawatt solar field to power their Dalsem expansion project, transitioning from natural gas to solar energy. The project aims to make their production and drug manufacturing in Grants, New Mexico carbon neutral, with significant cost savings and job creation opportunities.
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BRIGHT GREEN ANNOUNCES PLANS FOR $250 MILLION EXPANSION OF ITS CONTROLLED SUBSTANCES DRUG PRODUCTION FACILITY IN GRANTS, NEW MEXICO AND OBTAINS $60 MILLION IN FINANCING

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Bright Green Corporation (Nasdaq: BGXX) announces a $250 million expansion project in Grants, New Mexico, in partnership with Dalsem Greenhouse Technologies BV. The expansion aims to enhance research, production, and extraction capabilities for pharmaceutical manufacturing. The company secures $60 million in senior debt financing and plans to utilize EB-5 investment visa funds. The project is driven by regulatory approvals for controlled substances production, supporting the 'Drugs Made in America' initiative. The expansion will feature cutting-edge technology, solar power generation, and cost-effective drug manufacturing, positioning Bright Green as a key player in the U.S. pharmaceutical industry.
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Bright Green Corporation (BGXX) submits for historic DEA Registration for Production of Schedule I and Schedule II controlled substances.

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Bright Green Corporation submits DEA Registration for Bulk Production of Schedule I and Schedule II Controlled Substances, expanding into legal manufacturing of plant-based substances for medical and research purposes.
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BRIGHT GREEN CORPORATION GAINS MOMENTUM FOR THEIR “DRUGS MADE IN AMERICA” PLATFORM WITH APPROVAL FOR THE RESEARCH, PRODUCTION AND MANUFACTURING OF ALL SCHEDULE I AND SCHEDULE II PLANT-BASED DRUGS

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Bright Green Corporation secures approval for unique licensing to produce Schedule I and Schedule II plant-based drugs and APIs, aiming to address supply chain shortages in the U.S. pharmaceutical market and establish itself as a leader in domestic pharmaceutical production.
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BRIGHT GREEN CORPORATION ANNOUNCES CHANGES TO BOARD OF DIRECTORS

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Bright Green Corporation (BGXX) appoints CEO Groovy Singh to the Board of Directors and Founder Lynn Stockwell as Chair. The company aims to expand its facility in Grants, New Mexico for drug production.
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Bright Green Corporation announces the agreement to acquire platform technologies and associated intellectual property from C2 Wellness Corp.

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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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(Updated) U.S. Legal Cannabis Pioneer Bright Green Corporation Appoints Industry Veteran Groovy Singh as New Chief Executive Officer

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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 Announces Third Quarter 2023 Financial Update and Milestone Progress

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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 announces exclusive partnership with Asia Capital Pioneers Group to present new EB-5 offering

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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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FAQ

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.

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Bright Green Corporation

Nasdaq:BGXX

BGXX Rankings

#4848 Ranked by Market Cap
N/A Ranked by Dividends

BGXX Stock Data

44.16M
190.17M
65.85%
9%
1.46%
Medicinal and Botanical Manufacturing
Manufacturing
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United States of America
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