twenty second Century Group Receives Further $ 3.7 Million Via Money Train Of Excellent Warrants
WILLIAMSVILLE, NY, March 12, 2021 (GLOBE NEWSWIRE) – twenty second Century Group, Inc. (NYSE American: XXII), a number one plant biotechnology firm centered on tobacco hurt discount, ultra-low nicotine tobacco and hemp / hashish analysis, immediately introduced that it has acquired a further $ 3.7 million, for complete web proceeds of $ 11.8 million, from the completion of the fiscal yr money vouchers subscription in February and March 2021. Following this transaction, the Firm is freed from any excellent subscription warrants.
“We’re happy to additional strengthen our steadiness sheet via the total train of those remaining warrants whereas simplifying and successfully managing our capital construction,” mentioned James A. Mish, President and CEO of twenty second Century Group. “We intend to make use of these merchandise to help disruptive near-term progress alternatives in our tobacco and hemp / hashish franchises. These embody gross sales, licensing and partnership alternatives when acquiring Modified Threat Tobacco Merchandise (MRTP) clearance for VLN® and the continued growth of our upstream capacities within the cannabinoid worth chain. “
About twenty second Century Group, Inc.
twenty second Century Group, Inc. (NYSE American: XXII) is a number one plant biotechnology firm centered on applied sciences that alter the extent of nicotine in tobacco crops and the extent of cannabinoids in hemp / hashish crops via genetic engineering, gene enhancing and plant breeding. twenty second Century’s main tobacco mission is to cut back the injury brought on by smoking with diminished nicotine tobacco cigarettes, which comprise 95% much less nicotine than typical cigarettes. The corporate’s major mission in hemp / hashish is to develop and market proprietary hemp / hashish crops with precious cannabinoid profiles and fascinating agronomic traits.
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Warning Concerning Ahead-Wanting Statements
Apart from historic data, all statements, expectations and assumptions contained on this press launch are forward-looking statements. Ahead-looking statements typically comprise phrases equivalent to “anticipate”, “imagine”, “take into account”, “proceed”, “may”, “estimate”, “count on”, “discover”, “anticipate”, “goal” , “Orientation,” intend “,” possible “,” might “,” plan “,” potential “,” foresee “,” preliminary “,” possible “,” undertaking “,” promising “,” search ” , “Ought to,” “Will”, “would” and comparable expressions. Precise outcomes might differ materially from these expressed or implied in forward-looking statements. Essential components that might trigger precise outcomes to vary materially are set out within the “Threat components” part of the corporate’s annual report on Type 10-Ok filed on March 11, 2020 and in its quarterly report subsequently filed on Type 10 -Q. All data supplied on this press launch is as of the date hereof, and the Firm assumes no obligation and doesn’t intend to replace these forward-looking statements, besides as required by regulation.
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