According to a report on October 16th by Menafn, biotechnology company 22nd Century Group has announced plans for a public offering of its common stock (or alternative equivalents) and warrants to purchase common stock. All of the common stock (or equivalent) and warrants being sold in the offering will be issued by 22nd Century Group.
Dawson James Securities has been selected as the sole agent for the upcoming public offering. The company intends to use the net proceeds from this issuance for general corporate purposes.
According to reports, 22nd Century Group, Inc. is a leading biotechnology company dedicated to improving health through advanced plant technologies using reduced-nicotine tobacco, cannabis/hemp, and hop plants. The company obtained the first and only Modified Risk Tobacco Product (MRTP) authorization from the US Food and Drug Administration in December 2021.
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