22nd Century Group Inc (XXII)

[Brenum]

I doubt anyone remembers me but I have an admission to make. A few months ago I said repeatedly on here that the idea of XXII moving into cannabis was ludicrous. I did also say the company had made no mentions of their intent to do so at that time. They have now. So I was wrong, I admit it.

That being said (full disclosure I have no position in XXII and sold in the high 5's or low 6's I believe.) I think this move is absolutely baffling. They have yet to sell any of their products or bring in meaningful revenue, yet are expanding with money they do not have. I likely won't be returning to XXII in the near future if at all. Good luck to everyone else.