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22nd century group inc (XXII) Details

22nd Century Group, Inc., a plant biotechnology company, provides technology that allows increasing or decreasing the level of nicotine and other nicotinic alkaloids in tobacco plants, and cannabinoids in hemp/cannabis plants through genetic engineering and plant breeding. It offers premium cigarettes under the RED SUN and MAGIC brands; and SPECTRUM research cigarettes for use in independent clinical studies. The company’s products under development include BRAND A, a very low nicotine content cigarette; X-22, a tobacco-based botanical medical product for use as an aid to smoking cessation; and BRAND B, a low-tar-to-nicotine ratio cigarette. It is also involved in contract manufacturing business for third-party branded tobacco products. The company has a strategic research and development agreement with Keygene N.V. to develop hemp/cannabis plants for medical and therapeutic use, and other applications. 22nd Century Group, Inc. was founded in 1998 and is headquartered in Williamsville, New York.

82 Employees
Last Reported Date: 03/6/19
Founded in 1998

22nd century group inc (XXII) Top Compensated Officers

President, CEO & Director
Total Annual Compensation: $416.3K
CFO & Treasurer
Total Annual Compensation: $325.0K
VP, General Counsel & Secretary
Total Annual Compensation: $300.5K
Compensation as of Fiscal Year 2018.
22nd century group inc
22nd Century Group, Inc., Q1 2019 Earnings Call, May 08, 2019

22nd Century Group, Inc., Q1 2019 Earnings Call, May 08, 2019

22Nd Century Group, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2019

22nd Century Group, Inc. announced earnings results for the first quarter ended March 31, 2019. For the first quarter, the company announced operating loss was USD 5.379 million compared to USD 4.968 million a year ago. Net loss was USD 2.072 million compared to net income of USD 1.386 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to basic earnings per share from continuing operations of USD 0.01 a year ago.

22nd Century Group, Inc. Hires John D. Pritchard as Vice President of Regulatory Science

22nd Century Group, Inc. announced the hiring of John D. Pritchard as Vice President of Regulatory Science. Mr. Pritchard was formerly the Head of Regulatory Science for Imperial Brands, U.K. Mr. Pritchard will lead and oversee the global regulatory and compliance activities for 22nd Century Group. He will engage with the United States Food and Drug Administration (FDA) in support of the Company’s Modified Risk Tobacco Product (MRTP) application for VLN™ cigarettes. In addition, Mr. Pritchard will work in support of the planned rule by the FDA to require the reduction of the nicotine content of all cigarettes sold in the U.S. to “minimally or non-addictive levels.” Mr. Pritchard will also lead the Company’s initiatives with foreign governments that are interested in 22nd Century’s proprietary Very Low Nicotine Content tobacco for use in their countries.

 

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Price/Sales 9.5x
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TEV/Sales 7.5x
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