22nd Century Group Inc (XXII)

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22nd Century’s Central American Growing Program to Yield Large Quantities of Proprietary Seed Stock to Support Very Low Nic...
Date : 01/21/2016 @ 9:50AM
Source : Business Wire
Stock : 22ND Century Grp., Inc. (XXII)
Quote : 1.25 0.07 (5.93%) @ 9:41AM


Initiative will produce seed sufficient to grow tens of thousands of acres of Very Low Nicotine tobacco

22nd Century Group, Inc. (NYSE MKT: XXII), a plant biotechnology company that is a leader in tobacco harm reduction, announced today that its Central American growing program is a great success. Now nearing harvest, the specially-propagated Central American tobacco crop is expected to produce sufficient quantities of Very Low Nicotine tobacco seed stock to support 22nd Century’s increasing distribution of Very Low Nicotine (“VLN”) tobacco cigarettes in Europe, as well as the anticipated future distribution of VLN tobacco cigarettes in the United States, and the potential sales of VLN tobacco leaf in Asia.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160121005829/en/
Central American field shown with juvenile 22nd Century Very Low Nicotine tobacco plants (Photo: Bus ...

Central American field shown with juvenile 22nd Century Very Low Nicotine tobacco plants (Photo: Business Wire)

As reported in October 2015, the United States Department of Agriculture (USDA) issued a phytosanitary certificate to 22nd Century to facilitate export of the Company’s proprietary Nicotiana tabacum (tobacco) seeds to select growers in Central America. As a result of the Company’s successful field trials, the proprietary Very Low Nicotine tobacco seed in production will allow 22nd Century to greatly expand its tobacco leaf growing programs in both the United States and in Central America. The tobacco plants in Central America are expected to produce seed sufficient to grow tens of thousands of acres of Very Low Nicotine tobacco.

“The positive results of our Central American tobacco seed production program could not have come at a better time,” explained Henry Sicignano, III, President and Chief Executive Officer of 22nd Century Group. “Now 22nd Century will have sufficient stockpiles of VLN seeds to support increased distribution of the Company’s MAGIC “O” cigarettes as well as launches of our other proprietary Very Low Nicotine products around the world.”