22nd Century Group (XXII) Announces 1:15 Reverse Stock Split

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22nd Century Announces 1-for-15 Reverse Stock Split

July 3, 2023 6:00 AM EDT

Re-Affirms Full-Year Outlook of $105 Million to $110 Million in Net Sales

BUFFALO, N.Y., July 03, 2023 (GLOBE NEWSWIRE) -- 22nd Century Group, Inc. (Nasdaq: XXII), a leading biotechnology company dedicated to improving health with reduced nicotine tobacco, hemp/cannabis and hops advanced plant technologies, today announced that it will effect a reverse stock split of its outstanding shares of common stock, par value $0.00001 per share (the Common Stock), at a ratio of 1-for-15, to be effective as of 12:00 a.m. Eastern Time on July 5, 2023. The reverse stock split is... More