Bright Green Corporation Submits For DEA Registration For Production Of Schedule I And Schedule II Controlled Substances.
Portfolio Pulse from Benzinga Newsdesk
Bright Green Corporation (BGXX) has submitted its DEA Registration for the production of Schedule I and II Controlled Substances, following approval from the New Mexico Board of Pharmacy. This move is part of its expansion into the legal manufacturing of plant-based controlled substances for medical, research, and other legal purposes. The company aims to contribute to the 'Drugs Made in America' movement by providing a domestic supply of essential medications, thus addressing the national security risk posed by the U.S.'s dependency on imports.
March 07, 2024 | 1:16 pm
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Bright Green Corporation has submitted its DEA Registration for the production of Schedule I and II Controlled Substances, marking a significant step in its expansion and contribution to domestic medication supply.
The submission of DEA Registration by Bright Green Corporation for the production of Schedule I and II Controlled Substances is a critical step in its business expansion and aligns with its strategic goals. This move not only positions BGXX as a pioneer in the 'Drugs Made in America' movement but also addresses a significant national security concern by reducing the U.S.'s dependency on imported medications. Given the strategic importance of this step and the potential market demand for domestically produced controlled substances, it is likely to have a positive short-term impact on BGXX's stock price.
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