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  1. Nov 27, 2023 · News Details. View all news. 22nd Century Group Enters into Agreement to Sell Hemp/Cannabis Franchise. 11/27/2023. Sale Expected to Result in Immediate and Significant Reduction in Operating Costs and Cash Requirements.

  2. Nov 27, 2023 · BUFFALO, N.Y., Nov. 27, 2023 (GLOBE NEWSWIRE) -- 22nd Century Group, Inc. (Nasdaq: XXII) (the “Company” or “22nd Century”), a leading biotechnology company focused on utilizing advanced...

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  4. Dec 28, 2023 · The sale, combined with the assignment of a non-strategic hemp/cannabis asset in Colorado to the senior lender as a non-monetary transaction, will reduce 22nd Century's debt by $3.2...

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  5. Nov 28, 2023 · Nov 28, 2023. iStock. 22nd Century Group announced it has reached an agreement to sell substantially all of its GVB Biopharma hemp/cannabis operations to Specialty Acquisition Corporation, an entity affiliated with current GVB employees. The transaction is subject to certain approvals and Buyer obtaining financing.

  6. Nov 29, 2023 · ADVERTISEMENT. The sales comes on the heels of an October announcement by 22nd Century that it had reduced its senior secured debt by $8.1 million. The company launched a $5.25 million public offering in October as well. In September, 22nd Century said it was exploring strategic alternatives in order to maximize shareholder value.

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