Bright Green Corp (OQ:BGXX)
Business Focus: Pharmaceuticals
| Sector: Healthcare | Industry: Pharmaceuticals |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 401 East Las Olas Blvd., Suite 1400 FT LAUDERDALE FL 33301 |
| Tel: | N/A |
| Website: | https://brightgreen.us |
| IR: | See website |
| Key People | ||
| Gurvinder Singh Chief Executive Officer, Director | Saleem Elmasri Chief Financial Officer | |
| Business Overview |
| Bright Green Corporation is a producer and manufacturer of plant-based drugs and active pharmaceutical ingredients (APIs). The Company specializes in the research, production, distribution, and advancement of plant-based drugs and APIs, including psilocybin, psilocyn, peyote, and opium poppy. It plans to focus on the development of cannabis strains and sales of cannabis and hemp products with high contents of cannabinol (CBN) and cannabigerol (CBG). It also plans to cultivate cannabis and focus on the production of dried flowers, and oils and marijuana extracts. In addition to cannabis, it also has a separate area for controlled substance cactus cultivation, and a separate controlled area for mushroom propagation. It is in the process of completing construction of the 22-acre existing greenhouse to comply with the requirements for Schedule I and Schedule II plant-based drugs. It also plans to construct two new 57-acre greenhouses, one each on the Candelaria property and Azuz property. |
| Financial Overview |
| For the three months ended 31 March 2024, Bright Green Corp revenues was not reported. Net loss decreased 64% to $949K. Lower net loss reflects Officer salaries decrease of 71% to $138K (expense), General and administrative expenses - Ba decrease of 20% to $923K (expense), Stock-based Compensation in SGA decrease of 18% to $672K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -$0.02 to -$0.01. |
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