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

RTTNews | 615 dni temu
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.

read more
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 | 1061 dni temu
TSX Remains Firmly Up Despite Coming Off Early Highs

TSX Remains Firmly Up Despite Coming Off Early Highs

The Canadian market remains in positive territory Monday afternoon as the mood remains fairly bullion amid easing concerns about tariffs following China and U.S. agreeing on a trade deal.
RTTNews | 3g 16 minut temu
Swiss Market Ends On Bright Note As Stocks Rally On Late Buying

Swiss Market Ends On Bright Note As Stocks Rally On Late Buying

The Switzerland market, which faltered after a marginal upmove at the start and stayed sluggish till well past noon on Monday, climbed higher in late afternoon trade with stocks from across several sectors attracting buyers. News about China and the U.S. agreeing on a trade deal, and the resultant buoyancy in major European markets lifted sentiment in the Swiss market as well.
RTTNews | 3g 46 minut temu
Dollar Extends Gains As Trade Tensions Ease

Dollar Extends Gains As Trade Tensions Ease

It was another positive week for the greenback as easing trade tensions and hopes of a deal with China helped the U.S. Dollar build on gains made in the previous week.
RTTNews | 6g 39 minut temu
Fox Q3 Profit Down, Revenues Climb, Both Ahead Of Market; Stock Gains

Fox Q3 Profit Down, Revenues Climb, Both Ahead Of Market; Stock Gains

Media firm Fox Corp. reported Monday weak earnings in its third quarter on higher expenses, while revenues were higher, benefited mainly by advertising revenue growth of 65 percent, primarily due to the impact of Super Bowl LIX. Adjusted earnings and top line beat market estimates. In pre-market activity on the Nasdaq, the FOX shares were gaining around 3.8 percent.
RTTNews | 8g 21 minut temu
Bay Street Likely To Open On Firm Note

Bay Street Likely To Open On Firm Note

The Canadian market is likely to open with a strong positive gap on Monday, tracking gains in global markets amid easing tariff concerns following China and the U.S. striking a deal over the weekend.
RTTNews | 8g 44 minut temu