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Cannabis Companies Delisted From Major Stock Exchanges In 2024: What Went Wrong?
Thursday, September 26, 2024 - 1:38pm | 830Several cannabis companies faced financial challenges in 2024, with some being delisted or under threat of delisting from major stock exchanges due to financial instability, low values, compliance issues and a turbulent market. This article looks into some of the key players that faced delisting,...
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Nasdaq-Traded Cannabis Producer Bright Green Corporation Faces Delisting, Focuses On Strategic Growth
Monday, September 23, 2024 - 1:33pm | 395Bright Green Corporation (NASDAQ:BGXX) announced on Monday that trading of its shares has been suspended from the Nasdaq Stock Exchange, following the cancellation of a scheduled September 26 delisting appeal hearing. No more details were provided at the time of the writing of this article. The...
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DEA-Registered Marijuana Producer's Q3 2023 Financial Report: Reduced Expenses, Strategic Focus, Aligned Net Loss
Wednesday, November 22, 2023 - 6:57pm | 644Bright Green Corporation (NASDAQ: BGXX) has disclosed its financial results for the third quarter ending September 30, 2023. Under the leadership of executive chairman Terry Rafih, the company holds a position as one of the entities selected by the U.S. government to legally engage in the...
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How Bright Green Corporation Strives To Set Itself Apart In The Cannabis Industry
Tuesday, August 22, 2023 - 9:21am | 1925Executive Chairman Terry Rafih highlights the unique position of the company and how it will disrupt the existing operators as BGXX now moves to the starting gate. The company claims this position with no long-term debt, undervalued assets on the balance sheet, owns a state of the art growing and...
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Bright Green Achieves Landmark DEA Approval As A Bulk Manufacturer Of Cannabis
Monday, May 1, 2023 - 5:54pm | 749Bright Green Corporation (NASDAQ: BGXX) recently announced that it has successfully registered its federal license with the DEA for the cultivation, manufacture and sale of cannabis and cannabis-related products for research and pharmaceutical applications under federal and state law. The...
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A Cannabis Company Sued By Its Former CEO Sets The Record Straight After False Claims Circulate
Tuesday, February 21, 2023 - 4:03pm | 354Bright Green Corporation (NASDAQ: BGXX) is clapping back at statements made by its former CEO, John Fikany. The Stockwells — specifically Bright Green director Lynn Stockwell — reportedly approached Fikany to return as CEO. Bright Green refuted this. See Also: Bright Green Plans To...
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Bright Green Corporation Announces Q3 Financial Update And 'Milestone' Progress
Tuesday, November 15, 2022 - 5:30pm | 725Bright Green Corporation (Nasdaq: BGXX), reported financial results Monday for the quarter that ended September 30, 2022. Financial Highlights for Third Quarter 2022 The Company recorded no revenues for the quarter, as it continues to build facilities to grow, research and distribute cannabis,...
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New Mexico Acquires $300M World-Class Cannabis Research Facility With Gov. Lujan Grisham's Support
Tuesday, May 25, 2021 - 1:03pm | 387New Mexico Governor Michelle Lujan Grisham continues to support cannabis-related activities. Following the governor's signing of the Cannabis Regulations Act in April, Bright Green Corporation confirmed its $300 million investment in a state-of-the-art agricultural ecosystem...