22nd century raises $1.68 million in regulation a offering, amends senior secured credit facility

Mocksville, north carolina--(newsfile corp. - august 28, 2024) - 22nd century group, inc. (nasdaq: xxii), a tobacco products company focused on nicotine harm reduction and contract manufacturing, today announced that it has secured an additional $1.68 million in gross proceeds from institutional investors through its regulation a offering priced at $0.57 and from a separate private placement of common warrants. the company also entered into an amendment to its existing debentures held by jgb partners and related entities ("jgb").
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