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Stock Market & Financial Investment News

News Breaks
February 11, 2014
07:24 EDTXXII22nd Century files for NYSE MKT listing, NASDAQ Capital Market listing
22nd Century announced that the company submitted documentation to the New York Stock Exchange and answered questions pursuant to an initial request letter as a first step toward filing a formal application for listing its common shares on NYSE MKT. The formal application will be submitted immediately after a committee at the NYSE reviews 22nd Century Group and issues a clearance letter for the company to proceed. The committee review is scheduled for February 20. The company believes it currently meets all eligibility requirements of NYSE MKT. 22nd Century Group also sent an application to NASDAQ for listing its common shares on The NASDAQ Capital Market. NASDAQ has put the application on hold until the companyís share price meets the minimum requirements of the exchange. With the exception of the minimum share price requirement, 22nd Century Group believes it currently meets all other eligibility requirements of The NASDAQ Capital Market. Upon the companyís share price achieving the minimum requirements, 22nd Century Groupís application will move forward.
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May 21, 2015
12:47 EDTXXII22nd Century signs contract with Rich & Rhine
22nd Century Group announced that Rich & Rhine, an important tobacco products distributor based in Portland, Oregon, has agreed to stock and promote RED SUN cigarettes. Starting June 1, Rich & Rhine will effectively double RED SUNís retail base by placing RED SUN in more than 200 of its top independently-owned retail accounts. To maximize the impact of the RED SUN roll-out across Portland and Seattle, Rich & Rhine is targeting retail stores that enjoy the highest percentage of premium cigarette sales Ė a customer base that closely matches the RED SUN target market.
May 11, 2015
18:51 EDTXXII22nd Century sees FY15 revenue 'substantially more than $5M'
May not compare to one estimate $3.5M.
18:50 EDTXXII22nd Century sees Q2 revenue in excess of $1.5M, may not compare one est $200K
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18:49 EDTXXII22nd Century reports Q1 EPS (6c), one estimate (4c)
Reports Q1 revenue $616,000, may not compare to one estimate $100,000. The first quarter 2015 net revenues of $616,000 were generated from the manufacture and sale of a third-party MSA cigarette brand, filtered cigars, and our own proprietary cigarette brand, RED SUN. The first quarter 2014 net revenues consisted of $448,000 generated from the sale of SPECTRUM research cigarettes to the National Institute on Drug Abuse.

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