22nd century group initiates strategic alternatives process for its tobacco assets

Buffalo, n.y., sept. 05, 2023 (globe newswire) -- 22nd century group, inc. (nasdaq: xxii) (the “company”) today announced 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.
XXII Ratings Summary
XXII Quant Ranking