XXII, Where are we?
Waiting on the FDA for approval of “Magic” to be sold in the US.
“22nd Century is the only company in the world capable of producing combustible tobacco cigarettes at this very low level of nicotine, without having to incorporate the inclusion of any artificial extraction or chemical processes into its manufacturing process”.
Yes, other companies can, and have produced low nicotine cigarettes without XXII’s patented approach.
How did the Magic sales do in other various countries?
Discovered how to manufacture low content THC in hemp.
“22nd Century believes it will be able to produce a commercially viable strain of industrial hemp without any THC.”
There are other hemp strains with very low levels of THC available.
XXII has patents for medical marijuana, “Through innovative research, the Company intends to cost-effectively produce commercial quantities of marijuana cannabinoids with low THC for research that show great promise in treating neurological disorders and other diseases.”
Dozens of States have legalized medical marijuana. Was this done in anticipation of XXII patented medical MJ products to be developed? No again. It’s already available.
20 dealers in NY State alone dispensing to those authorized to receive.
XXII is still waiting to submit the X-22, (brand A) package to the FDA. Studies are showing a “better smoking quit rate by decreasing the nicotine levels gradually vs other means”. Its submission was to occur by the end of the first quarter, 2017, now before the end of the first half of the year. This is only the first step for approval.
If approved, I believe this could be XXII’s near term money maker.
My views above are somewhat negative but any one of these endeavors with further development could be the game changer for XXII.
We need a saleable product. Customers are waiting.
I’m waiting………
