BRIGHT GREEN ANNOUNCES PLANS FOR $250 MILLION EXPANSION OF ITS CONTROLLED SUBSTANCES DRUG PRODUCTION FACILITY IN GRANTS, NEW MEXICO AND OBTAINS $60 MILLION IN FINANCING

March 12, 2024

https://www.globenewswire.com/news-release/2024/03/12/2844728/0/en/BRIGHT-GREEN-ANNOUNCES-PLANS-FOR-250-MILLION-EXPANSION-OF-ITS-CONTROLLED-SUBSTANCES-DRUG-PRODUCTION-FACILITY-IN-GRANTS-NEW-MEXICO-AND-OBTAINS-60-MILLION-IN-FINANCING.html

GRANTS, NEW MEXICO, March 12, 2024 (GLOBE NEWSWIRE) — Bright Green Corporation (Nasdaq:BGXX) (“Bright Green” or the “Company”) today announced that it has signed an agreement with Dalsem Greenhouse Technologies BV for a $250 million construction project to expand the Company’s current research, production and extraction processing facility located in rural Grants, New Mexico (the “Dalsem Agreement”). The proposed expansion will add 7 million square feet of manufacturing and production capabilities. The Dalsem Agreement provides that Dalsem will construct the additional facility to its specifications and build them in a modular fashion.

Read more at globenewswire.com

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.