Bright Green Corporation, one of the very few companies selected by the U.S. government to grow, manufacture, and sell, legally under federal and state laws, cannabis and cannabis-related products for research, pharmaceutical applications, and affiliated export, provided an update on the progress made at its agricultural complex in Grants, New Mexico.
The U.S. Drug Enforcement Administration (DEA) completed a site visit and audit of Bright Green’s agricultural complex, including both completed greenhouses and manufacturing facilities, as well as those currently under construction. During the visit, DEA officials requested that the company satisfy a few remaining items, including the installation of oil extraction equipment and elements to ensure security and production readiness. Following the DEA’s follow-up visit and anticipated approval of the facility this fall, the company is prepared to be fully operational in the fourth quarter.
“We thank the DEA for the recent visit to our agricultural complex in Grants,” said Interim Chief Executive Officer and Chairman of the Board of Bright Green, Terry Rafih. “The visit reflects a significant milestone and validates the company’s progress against its plan to operationalize and bring the Grants facility online by the end of the year. We are excited to continue this progress and scale Bright Green as we prepare to meet the demand for federally-approved, pharmaceutical-grade cannabis for the U.S. and international markets.”
Supply partnership agreement with ExtraktLAB
Concurrent with the above efforts, Bright Green entered into a supply partnership with ExtraktLAB, a manufacturer of leading-edge carbon dioxide extraction equipment primarily used by the hemp and botanical extraction industries for extraction and refinement equipment for phytocannabinoids. ExtraktLAB’s ability to deliver a fully contained operation in compliance with Good Manufacturing Practices will help accelerate Bright Green’s scale-up activities in advance of forthcoming operations.
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