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22nd Century Group Inc XXII

22nd Century Group, Inc. is an agricultural biotechnology company. The Company is focused on tobacco harm reduction, reduced nicotine tobacco and improving health and wellness through plant science. Additionally, the Company provide contract manufacturing services for conventional combustible tobacco products for third-party brands. The Company operates through a single segment named Tobacco. Its tobacco segment is engaged in contract manufacturing organization (CMO) customer contracts that consist of obligations to manufacture the customers' branded filtered cigars and cigarettes. The tobacco segment is engaged in the sale of its reduced nicotine content (RNC) cigarettes, sold under the brand name VLN, or research cigarettes sold under the brand name SPECTRUM. It uses plant breeding technologies, including genetic engineering, gene-editing, and molecular breeding to deliver solutions for the life science and consumer products.


NDAQ:XXII - Post by User

Post by Fudgetusion Mar 20, 2021 5:09pm
142 Views
Post# 32845645

news

news
3 directors have acquired shares in March per my Schwab :
Richard Sanders 77K @ $0 ( options),
Roger O'brian 52K @$2.86
Nora Sullivan 150K @ $0 (options)

I'm not clear about option purchases but I think they have to pay income taxes on them as compensation so perhaps if they do then it's some indication of their optimism about XXII

other news: Becerra's nomination as US Sec of HHS (FDA)-
Secretary Becerra is a long-time proponent of a reduced nicotine cap for cigarettes and tougher regulation for the tobacco industry. While serving as the attorney general of California in 2018, Becerra and five other attorney generals wrote a letter in response to the FDA’s Advance Notice of Proposed Rulemaking (ANPRM), strongly supporting a tobacco product standard for nicotine level of combusted cigarettes.

Fudge
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