22nd Century Group, Inc. is a plant biotechnology company. The company focuses on technologies that enable the increase or decrease in nicotine and other nicotinic alkaloids in tobacco factories and cannabinoid levels in cannabis factories through genetic engineering and plant breeding. It carries out various activities, including researching and developing harmless or modified dangerous tobacco products and varieties of tobacco plants. Development of X-22, smoking cessation assistance consisting of very low nicotine cigarettes (VLN); Production, trade, and distribution of RED SUN and its MAGIC cigarettes; SPECTRUM research cigarette production for the National Institute on Drug Abuse (NIDA); Custom production of tobacco products from third parties and research and development of cannabis/cannabis plant varieties, e.g. B. Plants with low or no Delta-9 tetrahydrocannabinol (THC), plants with high cannabidiol (CBD) and other non-THC cannabinoid content.
The 22nd-century group successfully ran a smoking test with very low nicotine levels
22nd Century Group, Inc. xxiicamp at https://www.webull.com/quote/amex-xxii (“22nd Century” or “The Company”), a leading crop biotechnology company focused on reducing research and development of nicotine tobacco and cannabis/cannabis, was announced today that the company and North Carolina State University (“NCSU “) has completed field trials that validate a new non-GMO method (genetically modified organism) to reduce nicotine in tobacco plants.
Statement by Juan Sanchez Tamburino
“We are very satisfied with the results of field research studies conducted in collaboration with NCSU and show that methods that are not genetically modified can be used reliably to reduce nicotine levels in tobacco plants by 99%. To further validate our research, the 22nd Century and NCSU will conduct wider and wider field trials in other regions, “said Juan Sanchez Tamburino, vice president of research and development in the 22nd century. Additional field trials will test new non-GM VLNC tobacco lines in various locations and under different soil conditions so that the 22nd-century xxii camp can choose VLNC tobacco mills for optimal performance in different locations.
The company believes that marketing low-nicotine tobacco cigarettes will be an important step in implementing the proposed FDA plan that all cigarettes sold in the United States must be made “minimal or without addiction”. By limiting the nicotine content of all flammable cigarettes to only 0.5 milligrams of nicotine per gram of tobacco, a level that has been achieved in 22nd-century products, the FDA estimates that five million adult smokers will quit one year after the introduction of more and more of eight million Americans will be saved by the end of this century. Therefore, the 22nd century has no obligation and has no obligation to update forward-looking statements or announce changes to forward-looking statements. During this call, we will also disclose some non-GAAP financial actions, including adjusted EBITDA, which we define as adjusted profits before interest, taxes, depreciation, and amortization. You can also check plm stock news at https://www.webull.com/quote/amex-plm .