Bright Green Corporation Announces the completion of its restructuring plan, withdraws from the Cannabis business and sets course on the production of all DEA Scheduled Controlled Substances
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Bright Green Corporation has completed its restructuring plan, exiting the cannabis business to focus on producing DEA Scheduled Controlled Substances. The restructuring includes a Restructuring Security Agreement (RSA) that ensures creditors are paid in full and shareholders retain their interests without dilution.
February 24, 2025 | 2:30 pm
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Bright Green Corporation has completed its restructuring plan, exiting the cannabis business to focus on producing DEA Scheduled Controlled Substances. The restructuring includes a Restructuring Security Agreement (RSA) that ensures creditors are paid in full and shareholders retain their interests without dilution.
The completion of the restructuring plan and the shift in business focus to DEA Scheduled Controlled Substances is a significant strategic move for Bright Green Corporation. The RSA ensures financial stability by paying creditors in full and maintaining shareholder interests without dilution, which is likely to positively impact the stock price in the short term.
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