Nasdaq-Traded Cannabis Producer Bright Green Corporation Faces Delisting, Focuses On Strategic Growth
Bright Green Corporation (NASDAQ:BGXX) announced on Monday that trading of its shares has been suspended from the Nasdaq Stock Exchange, following the cancellation of a scheduled September 26 delisting appeal hearing. No more details were provided at the time of the writing of this article.
The company confirmed it will move forward with its annual shareholder meeting, scheduled for November 15, 2024. Key agenda items include a proposal for a reverse stock split aimed at increasing shareholder value and positioning Bright Green for a stronger future.
In parallel, the company is actively exploring strategic alternatives, including potential partnerships and acquisitions. …