BRIGHT GREEN CORPORATION ANNOUNCES CHANGES TO BOARD OF DIRECTORS
17 Febbraio 2024 - 1:17AM
Bright Green Corporation (NASDAQ: BGXX) – Bright Green Corporation,
a Delaware corporation (the “Company”), announced Friday that CEO
Groovy Singh is the newest member of the company’s Board of
Directors (the “Board”). Current board member and Co-Founder Lynn
Stockwell was also announced as the new Chair of the Board. Singh
and Stockwell’s appointments follow the resignation of the
Executive Chairman, Terry Rafih.
Mr. Rafih’s resignation was not a result of any
disagreement with the Company, the Board or any committees of the
Board, or on any matter relating to the Company’s operations,
policies or practices. Speaking on behalf of the company, the Board
thanks Mr. Rafih for his contributions to Bright Green, and wish
him well on his future endeavors.
In addition to continuing his role as Bright
Green CEO, Singh will now play a crucial role on company’s Board
alongside Stockwell as the new board Chair. The adjustments come at
a pivotal time for the company as they continue expanding the
Grants, New Mexico facility to support the research, production,
and manufacture of Schedule I and Schedule II plant-based drugs and
APIs in the United States.
As the company looks forward, Singh and
Stockwell will continue to drive alignment with Bright Green’s
ethos and fierce commitment to improving the quality of life for
individuals nationwide with the establishment of a reliable Drugs
Made in America and efficacious API supply chain within the United
States.
About Bright Green
Bright Green is one of the very few companies
selected by the US government to grow, manufacture, and sell,
legally under federal and state laws, cannabis and cannabis-related
products for research, pharmaceutical applications and affiliated
export. Our approval based on already agreed terms from the U.S.
Drug Enforcement Administration gives us the opportunity to advance
our vision of improving quality of life through the opportunities
presented by cannabis-derived therapies. To learn more, visit
www.brightgreen.us.
Media Contacts: Interdependence Public Relations
Owen Phillips /
Grace Connor BrightGreen@Interdependence.com
(310) 745-1407
Media Inquiries & Investor Relations
Contactir@brightgreen.us
About Bright Green
Bright Green is one of the first companies
selected and approved by the US government to legally grow,
manufacture, and sell cannabis and cannabis-related products for
research, pharmaceutical applications and affiliated export under
legal and state law. Our approval, based on pre-agreed terms set by
the U.S. Drug Enforcement Administration, gives Bright Green the
opportunity to advance the vision of improving quality of life
through the opportunities presented by cannabis-derived therapies.
To learn more, visit www.brightgreen.us .
Cautionary Note Regarding Forward-Looking
Statements
This press release contains “forward-looking
statements” within the meaning of the “safe harbor” provisions of
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are made as of the date they were first
issued and were based on current expectations, estimates, forecasts
and projections as well as the beliefs and assumptions of
management as of such date. Words such as “expect,” “anticipate,”
“should,” “believe,” “hope,” “target,” “project,” “goals,”
“estimate,” “potential,” “predict,” “may,” “will,” “might,”
“could,” “intend,” “shall” and variations of these terms or the
negative of these terms and similar expressions are intended to
identify these forward-looking statements. Forward-looking
statements are subject to a number of risks and uncertainties, many
of which involve factors or circumstances that are beyond the
Company’s control, including but not limited to, the inability of
the Company to raise funds under the Company’s EB-5 program, and
the impact that new officers, directors and employees may have on
the Company and the Company’s business and results of operations.
The Company’s actual results could differ materially from those
stated or implied in forward-looking statements due to a number of
factors, including but not limited to, risks detailed in the
Company’s Annual Report on Form 10-K and Quarterly Report on Form
10-Q, as amended and supplemented, as well as other documents that
may be filed by the Company from time to time with the SEC. The
forward-looking statements included in this press release represent
the Company’s views as of the date of this press release. The
Company anticipates that subsequent events and developments will
cause its views to change. The Company undertakes no intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
These forward-looking statements should not be relied upon as
representing the Company’s views as of any date subsequent to the
date of this press release. Additional information regarding these
and other factors that could affect the Company’s results is
included in the Company’s SEC filings, which may be obtained by
visiting the SEC's website at www.sec.gov .
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