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NASDAQ:BGXX

Bright Green (BGXX) Stock Forecast, Price & News

$0.94
-0.09 (-8.74%)
(As of 06/1/2023 ET)
Compare
Today's Range
$0.92
$1.02
50-Day Range
$0.78
$1.55
52-Week Range
$0.35
$4.74
Volume
454,514 shs
Average Volume
2.87 million shs
Market Capitalization
$163.96 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
N/A

BGXX stock logo

About Bright Green (NASDAQ:BGXX) Stock

Bright Green Corporation is a vertically integrated cannabis company and multi-state operator in the US and internationally. The company was incorporated in 2019 and is based in Fort Lauderdale, Florida. Bright Green Corporation went public via a direct listing on the NASDAQ in May 2022.

Bright Green Corporation grows, manufactures, and sells cannabis and cannabis-related products legally under federal and state laws for research, pharmaceutical applications, and export. By the end of 2022, the company had 4 patents under enforcement and 17 pending with more expected each year.

Unlike other cannabis companies in the budding industry, Bright Green Corporation has a contract with the US Drug Enforcement Administration that allows it to produce cannabis and cannabis products legally at both the state and federal levels. The contract permits Bright Green Corporation to supply approved researchers with THC-bearing cannabis for the purposes of medical research. The contract also permits the company to make and market therapies and treatments that are derived from said research and to export cannabis and cannabis products internationally.

The true value of the agreement with the DEA is that Bright Green Corporation can produce and market cannabis to any pharmaceutical or research company with a Schedule 1 license. This means big pharmaceutical companies can get ahead of the curve and begin their work on cannabis and cannabinoid medicines and therapies before cannabis is legalized at the Federal level.

The business is built around a state-of-the-art production facility that allows 24/7/365 production of cannabis and derivative products. The 22-acre facility is fully automated to ensure consistent quality across all product lines and processes. The facility remodel was completed in mid-2022 with production beginning later that year. Two more 55-acre facilities are in the works and, once completed, will make the company the largest federally legal producer of cannabis for the research market.

Some of the benefits of the Bright Green Corporation process and product include consistent tissue culture and superior genetics which is a must for research quality cannabis. Consistent tissue culture is ensured by using small clippings to grow fully mature clones of the original plant in highly controlled environments versus the risk of genetic contamination or mutations via seeds. Superior genetics means Bright Green Corporation’s core strains were bred to target qualities including cannabinoid homogenization (consistent distribution throughout the plant), mildew resistance, and plant architecture as well as high levels of cannabinoids.

The Bright Green Process also means increased yields, full-year/year-round cultivation, and improved profitability for commercialized products. The company operates under full Good Agricultural and Collection Practices guidelines and is compliant with the FDA’s Good Manufacturing Process mandate as well as with the USDA for full operations within the US.

 

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BGXX Stock News Headlines

Reviewing Bright Green (BGXX) and Its Rivals
Contrasting Bright Green (BGXX) & Its Peers
The $193 Billion US-China War You Don't Know About
They're fighting for control of lithium – a key ingredient in EVs and clean energy technology. It's arguably the most important commodity of the 21st century. China owns 80% of global supply. But the US plans to grab a massive slice of the lithium market, which is forecasted to quadruple to $193 billion by 2028, according to Fortune Business Insights.
Analyzing Bright Green (BGXX) and Its Rivals
Financial Review: Bright Green (BGXX) & The Competition
Premarket Action Heating Up For This Pharma Stock
The $193 Billion US-China War You Don't Know About
They're fighting for control of lithium – a key ingredient in EVs and clean energy technology. It's arguably the most important commodity of the 21st century. China owns 80% of global supply. But the US plans to grab a massive slice of the lithium market, which is forecasted to quadruple to $193 billion by 2028, according to Fortune Business Insights.
Bright Green GAAP EPS of -$0.02
Why Shares of Bright Green Jumped Monday
Bright Green Co. (NASDAQ:BGXX) Short Interest Update
See More Headlines

BGXX Price History

BGXX Company Calendar

Today
6/01/2023
Next Earnings (Estimated)
8/28/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Medicinals & botanicals
Sub-Industry
N/A
Sector
Medical
Current Symbol
NASDAQ:BGXX
Fax
N/A
Employees
N/A
Year Founded
N/A

Profitability

Net Income
$-27,660,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
N/A
Book Value
$0.07 per share

Miscellaneous

Free Float
76,119,000
Market Cap
$169.12 million
Optionable
Not Optionable
Beta
N/A

Key Executives

  • Mr. Terry Rafih (Age 67)
    CEO & Exec. Chairman
  • Mr. Saleem Elmasri (Age 37)
    Chief Financial Officer













BGXX Stock - Frequently Asked Questions

How have BGXX shares performed in 2023?

Bright Green's stock was trading at $0.4695 at the beginning of the year. Since then, BGXX stock has increased by 106.5% and is now trading at $0.9696.
View the best growth stocks for 2023 here
.

Are investors shorting Bright Green?

Bright Green saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 3,430,000 shares, a drop of 23.9% from the April 30th total of 4,510,000 shares. Based on an average trading volume of 888,400 shares, the short-interest ratio is presently 3.9 days. Currently, 6.4% of the company's stock are sold short.
View Bright Green's Short Interest
.

When is Bright Green's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, August 28th 2023.
View our BGXX earnings forecast
.

What ETF holds Bright Green's stock ?

ETFMG U.S. Alternative Harvest ETF holds 2,128,752 shares of BGXX stock, representing 1.85% of its portfolio.

When did Bright Green IPO?

(BGXX) raised $1.3 billion in an IPO on Tuesday, May 17th 2022. The company issued 158,300,000 shares at $8.00 per share. EF Hutton served as the underwriter for the IPO.

What is Bright Green's stock symbol?

Bright Green trades on the NASDAQ under the ticker symbol "BGXX."

Who are Bright Green's major shareholders?

Bright Green's stock is owned by many different retail and institutional investors. Top institutional investors include ETF Managers Group LLC (1.26%), Geode Capital Management LLC (0.40%), State Street Corp (0.13%), Mirae Asset Global Investments Co. Ltd. (0.07%), Bank of New York Mellon Corp (0.06%) and CIBC Asset Management Inc (0.03%).

How do I buy shares of Bright Green?

Shares of BGXX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Bright Green's stock price today?

One share of BGXX stock can currently be purchased for approximately $0.97.

How much money does Bright Green make?

Bright Green (NASDAQ:BGXX) has a market capitalization of $169.12 million. The company earns $-27,660,000.00 in net income (profit) each year or ($0.19) on an earnings per share basis.

How can I contact Bright Green?

The official website for the company is www.brightgreen.us. The company can be reached via phone at 833-658-1799 or via email at brightgreenir@edelman.com.

This page (NASDAQ:BGXX) was last updated on 6/1/2023 by MarketBeat.com Staff

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