DEA-Licensed Cannabis Producer Bright Green Closes $3.5M Private Placement
Portfolio Pulse from Maureen Meehan
DEA-licensed cannabis producer Bright Green Corporation (NASDAQ:BGXX) has closed a $3.5 million private placement of common stock and warrants. The company sold 3,684,210 shares of common stock and warrants at a purchase price of $0.95 per share and accompanying warrant. Gross proceeds are expected to be around $3.5 million before agent's fees and other expenses.
May 24, 2023 | 10:42 pm
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Bright Green Corporation closed a $3.5 million private placement, selling 3,684,210 shares of common stock and warrants at $0.95 per share. This could provide the company with additional capital for growth.
The closing of the $3.5 million private placement provides Bright Green Corporation with additional capital, which could be used for growth and expansion. This news is directly related to the company and its stock, making it highly relevant and important for investors. The positive impact on the stock price is likely due to the increased capital and potential for growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100