22nd Century says eliminates $7.7M of warrant liability 22nd Century Group announced that it entered into warrant amendments yesterday with existing warrant holders to eliminate virtually all of the company’s “derivative warrant liability.” 22nd Century Group had previously issued certain warrants that contained anti-dilution provisions. As of December 31, 2013, the Company’s derivative warrant liability was approximately $3.8M. However, as a result of the 52% appreciation of 22nd Century Group’s share price in 1Q14, the company’s derivative warrant liability would have increased to approximately $7.7M by the end of 1Q14 if the company and certain warrant holders did not amend the warrants containing anti-dilution provisions.
22nd Century CEO Pandolfino to be interviewed CEO Pandolfino discusses the company's proprietary technology which modifies the nicotine content in tobacco plants and the development of novel, cannabis plant varieties in an interview on The Traders Network to be held on October 16 at 8 am. Webcast Link