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22nd Century Appoints Interim CEO, Implements $15M Cost Reduction Initiative
Monday, July 24, 2023 - 10:26am | 55222nd Century Group, Inc. (NASDAQ: XXII) announced that John Miller, who leads the tobacco business unit, has been appointed as interim CEO. James A. Mish, who has served as CEO since June 2020, will continue to serve as a member of the board of directors. The company has secured an additional $11.7...
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22nd Century To Secure $3M Via Registered Direct Offering Priced Above Market
Friday, July 7, 2023 - 10:47am | 44122nd Century Group, Inc. (NASDAQ: XXII) has entered into definitive agreements with certain investors for the purchase and sale of 778,634 shares of common stock and warrants at a price of $3.80 per share in a registered direct offering priced above market. Gross proceeds to the company from the...
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22nd Century Group Q1 2023 Revenue Grows 142% YoY, What About Adjusted EBITDA?
Tuesday, May 9, 2023 - 8:03am | 66222nd Century Group, Inc. (NASDAQ: XXII) released results for the first quarter ended March 31, 2023, revealing net revenues of $22.0 million, an increase of 142.8% from the same period in 2022. Q1 2023 Financial Results Revenue from hemp/cannabis-related products was $13.0 million, compared to $0...
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22nd Century Group Signs Exclusive License And Distribution Agreement With Cookies
Wednesday, April 5, 2023 - 9:38am | 41222nd Century Group, Inc. (NASDAQ: XXII) announced a new three-year exclusive license and distribution agreement with Cookies. “This transformational strategic license, manufacturing and distribution agreement with Cookies establishes the foundation of an innovative new CDMO plus distribution...
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22nd Century Group Q4 2022 Net Revenue Grows 141.3% YoY, What About Profit?
Thursday, March 9, 2023 - 8:41am | 56222nd Century Group, Inc. (NASDAQ: XXII) net revenue for the Q4 2022 was $19.2 million, an increase of 141.3% from $8 million in Q4 2021. Q4 2022 Financial Highlights Gross loss was $646,000, an unfavorable decrease of 379.7% compared to gross profit of $231,000 in the prior year period. Net...
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22nd Century Group Secures $21M Debt Financing For Accelerated Expansion
Monday, March 6, 2023 - 8:36am | 48522nd Century Group, Inc. (NASDAQ: XXII) announced a new $21 million senior secured debenture financing to support increased working capital needs related to the significant growth outlook in both its VLN and GVB business lines. The new three-year financing was issued at 5% original issuance...
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22nd Century Group Acquires RX Pharmatech, Files U.S. Drug Master File For CBD API, Teams Up With Transo-Pharm
Tuesday, January 24, 2023 - 11:42am | 49522nd Century Group, Inc. (NASDAQ: XXII) announced the acquisition of privately held RX Pharmatech Ltd, a United Kingdom distributor of cannabinoids with 1,276 novel food applications with the U.K. Food Standards Agency (FSA). Terms of the agreement include an up-front payment of $650,000 in cash...
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22nd Century Group's GVB Biopharma Opens New Cannabis Distribution Facility In The Netherlands
Thursday, November 17, 2022 - 10:56am | 425GVB Biopharma, a 22nd Century Group company (NASDAQ: XXII) has opened a new, strategically-located distribution facility in the Netherlands to support its growing business in Europe, the Middle East, and Africa. The new distribution facility will increase existing and new customer access to GVB...
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22nd Century Group Q3 Revenue Grows 148% YoY, Here Are The Details
Tuesday, November 8, 2022 - 9:50am | 79022nd Century Group, Inc. (NASDAQ: XXII) net revenues for the third quarter of 2022 were $19.4 million, an increase of 148.2% from 2021. The increase was due to increased contract manufacturing volumes as well as the addition of GVB Biopharma revenue for the full third quarter. Q3 2022 Financial...
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22nd Century Group Acquires Privately-Held Cannabis & Hemp Co., Here's What's Next
Friday, May 13, 2022 - 11:54am | 43822nd Century Group, Inc. (NASDAQ: XXII) announced the acquisition of privately held GVB Biopharma. GVB - a contract development and manufacturing organization - provides hemp-derived active ingredients for the pharmaceutical and consumer goods industries worldwide. Deal Details The aggregate...
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22nd Century Group Reports Q1 Net Sales Of $9M, Up 33% YoY, Net Loss Also Grows
Thursday, May 5, 2022 - 8:46am | 65222nd Century Group, Inc. (NASDAQ: XXII) reported results for the first quarter ended March 31, 2022.. The company will host a live audio webcast on May 5, at 10:00 a.m. ET. First Quarter 2022 Financial Results Net loss was $8.9 million, representing a net loss per share of $(0.05), comparing to...
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FDA-Authorized Reduced-Nicotine Cigarette From 22nd Century Group That 'Helps You Smoke Less' To Reach Illinois
Monday, March 28, 2022 - 10:32am | 48622nd Century Group, Inc. (NASDAQ:XXII) received notification from the Office of the Illinois Attorney General's Tobacco Enforcement Bureau that its VLN cigarettes will be listed in the Illinois Directory of Participating Manufacturers effective April 4, 2022. Registration permits the company to...
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22nd Century Group And KeyGene Achieve Breakthrough In Hemp/Cannabis GMO Research
Wednesday, February 23, 2022 - 10:41am | 33822nd Century Group, Inc. (NASDAQ: XXII), and its global plant research partner KeyGene achieved a breakthrough in their research leading to the successful transformation of the hemp/cannabis plant genome using proprietary plant transformation, regeneration technology and clear...
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22nd Century Group To Host Q4 & FY 2021 Earnings Call
Thursday, February 3, 2022 - 11:13am | 27922nd Century Group, Inc. (NASDAQ: XXII) announced that it will host a live webcast on Tuesday, March 1, 2022, at 10:00 AM ET to discuss its 2021 fourth quarter and full year results. The company will report its fourth quarter and full year 2021 results in a press release at 6:00 AM ET the same day...
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Aurora Cannabis, 22nd Century Group To License Biosynthesis Intellectual Property To Cronos
Wednesday, December 15, 2021 - 8:49am | 563Canadian marijuana titan Aurora Cannabis Inc. (NASDAQ: ACB) (TSX:ACB) together with 22nd Century Group, Inc. (NASDAQ: XXII) will license biosynthesis intellectual property to Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON). The licensed intellectual property is designed to help advance the research...