New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 1, 2014
08:13 EDTXXII22nd 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.
News For XXII From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
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 SUN’s 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 – 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
Subscribe for More Information
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.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use