Bright Green Corporation (NASDAQ: BGXX), one of the very few companies selected by the U.S. government and DEA to grow, manufacture and legally sell cannabis and cannabis-related products for research, announced the closing of its previously announced private placement of common stock and warrants on Wednesday afternoon.
Bright Green, which also released its financial results on Wednesday, sold 3,684,210 shares of common stock and warrants to purchase 3,684,210 shares of common stock, at a purchase price of $0.95 per share and accompanying warrant.
The warrants will be immediately exercisable from the …