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22nd Century Group Initiates Process To Evaluate Strategic Alternatives For Its Tobacco Portfolio

RTTNews | 782 days ago

22nd Century Group Initiates Process To Evaluate Strategic Alternatives For Its Tobacco Portfolio

(RTTNews) - Agricultural biotechnology company 22nd Century Group, Inc. (XXII) announced Tuesday that its Board of Directors, after consultation with its financial and legal advisors, has initiated a process to evaluate strategic alternatives with respect to the Company's tobacco assets.

The process will include consideration of a range of strategic, operational and financial transactions and alternatives, such as business combinations, asset sales, licensing agreements, alternate financing strategies and other options.

The company said it hopes to identify ways to monetize the value or more effectively expand the market reach of its tobacco portfolio, including its innovative VLN tobacco harm reduction products, the first and only combustible tobacco product to receive a Modified Risk Tobacco Product designation from the U.S. Food and Drug Administration.

The Company has engaged TD Cowen as advisors in its review of strategic alternatives.

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22nd Century Group Names Hugh Kinsman As CFO

22nd Century Group Names Hugh Kinsman As CFO

Agricultural biotechnology firm 22nd Century Group Inc. (XXII) announced Thursday the appointment of Hugh Kinsman as Chief Financial Officer. Kinsman is currently CFO of GVB Biopharma, which 22nd Century acquired effective May 13, 2022.

RTTNews | 1228 days ago

Win Streak May Continue For Malaysia Bourse

Win Streak May Continue For Malaysia Bourse

The Malaysia stock market has moved higher in consecutive trading days, picking up more than 10 points or 0.6 percent in that span. The Kuala Lumpur Composite Index now sits just beneath the 1,615-point plateau and it's expected to open to the upside again on Monday.

RTTNews | 10 minutes ago

Japan Stock Market May Extend Friday's Gains

Japan Stock Market May Extend Friday's Gains

The Japanese stock market on Friday snapped the two-day slide in which it had stumbled more than 675 points or 1.4 percent. The Nikkei 225 now sits just beneath the 49,300-point plateau and it may add to its winnings on Monday.

RTTNews | 25 minutes ago

KOSPI Has Firm Lead For Monday's Trade

KOSPI Has Firm Lead For Monday's Trade

The South Korea stock market bounced higher again on Friday, one day after snapping the six-day winning streak in which it had surged more than 320 points or 8.6 percent. Now at a fresh record closing high, the KOSPI sits just above the 3,940-point plateau and it may extend its gains on Monday.

RTTNews | 40 minutes ago

Hong Kong Trade Data On Tap For Monday

Hong Kong Trade Data On Tap For Monday

Hong Kong will on Monday release September figures for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity.

RTTNews | 1h 40min ago

Canadian Dollar Recovers Against Majors

Canadian Dollar Recovers Against Majors

The Canadian dollar recovered against its major counterparts in the New York session on Friday.

RTTNews | 2 days ago

Russia Central Bank Cuts Rates For Fourth Policy Session

Russia Central Bank Cuts Rates For Fourth Policy Session

Russia's central bank unexpectedly reduced its key interest rate for the fourth policy session in a row, citing high inflation expectations and lackluster growth, and signaled that monetary policy will remain tight for an extended period of time.

RTTNews | 2 days ago

Canadian Market Rises On Rate Cut Bets

Canadian Market Rises On Rate Cut Bets

The Canadian market is up firmly in positive territory Friday afternoon, thanks to strong gains in the technology sector. A few stocks from financial and communications sectors are also up with notable gains.

RTTNews | 2 days ago

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