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

We welcome news tips, article submissions, interview requests, or comments on this piece.

Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn

Notice

1. This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.

2. The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.

3. This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.

4. Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.

Copyright

This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.

For copyright-related inquiries, please contact: info@2firsts.com

AI Assistance Disclaimer

This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.

We welcome any corrections or feedback. Please contact us at: info@2firsts.com

SKE’s Parent Company Yinghe Technology Reports 80% Drop in Q3 Net Profit, Revenue Up 22.85% Year-on-Year

Yinghe Technology (SZ: 300457), parent company of SKE, saw Q3 net profit plunge 80.3% to 31.06 million yuan, while revenue rose 22.85% to 2.52 billion yuan. The decline was mainly driven by higher costs and expenses.

Oct.28 by 2FIRSTS.ai

Czech Republic to Tighten E-Cigarette Rules in December, Ban Candy Flavours and Cannabinoids

Czech Republic will tighten regulations on the sale and labelling of e-cigarettes from December. Manufacturers will have seven months to sell existing stock, after which candy-flavoured or cannabinoid-containing e-cigarettes will be banned. A survey by the National Institute of Public Health (SZÚ) found that nearly 14% of the population used e-cigarettes in 2024 — almost triple the rate five years earlier.

Nov.18 by 2FIRSTS.ai

PMI’s Smoke-Free Playbook: What Jacek Olczak Really Told Wall Street

At the Morgan Stanley Global Consumer & Retail Conference on December 2, 2025, PMI CEO Jacek Olczak delivered a clear message: the company’s smoke-free shift is now its central strategy. From ZYN’s surge in the U.S. to IQOS’s global momentum and a changing regulatory tone, his remarks sounded less like an earnings update and more like a declaration of PMI’s smoke-free future.

PMI

Dec.03

Illegal Vape Suppliers Move Online After Queensland Crackdown