22nd Century Group Announces Completion of Cannabis Business Sale

Business by 2FIRSTS.ai

Dec.29.2023

22nd Century Group Announces Completion of Cannabis Business Sale

US biotechnology company 22nd Century Group, Inc. has completed the sale of its cannabis business, reducing future operating expenses.

According to a report by Marketscreener on December 28, the American biotechnology company, 22nd Century Group, Inc., has announced the completion of the sale transaction for its cannabis business. This transaction will significantly reduce the company's operating expenses in the future and is a crucial step towards achieving positive cash flow.

References:

[1] 22nd Century Group Completes Sale of Hemp/Cannabis Franchise

Also Read:

[1] 22nd Century Group Inc. Fires Chief Legal Officer

[2] 22nd Century Group to Sell GVB Biopharma to Nevada Consortium

[3] 22nd Century Group Inc's Stock Drops 12.26%, but Shows Recent Recovery

#Personnel announcement #Cannabis vaporization

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