MSA stands for the Master Settlement Agreement between Big Tobacco (BT) and the States Attorney Generals that requires BT to pay as stated in the agreement so much to each state to help compensate them for expected health costs rising from tobacco caused health issues based on the amount of tobacco products each company sells in the United States. A company must have an MSA license before it can manufacture tobacco products in the United States for consumption in the United States. Not totally positive but believe export product is exempt from the MSA required tax.
XXII needs the MSA license to produce product and we passed the last step to acquire the license Nov 5 with a successful inspection of our Goodrich Tobacco Co. facility. Normally takes about 60 days to get all the govt paperwork signed off so taking into acct the delay due to the Holidays we should be getting notice of the approved license any day now.
Once we get the license, we then can ramp up full production at our Goodrich facility and NASCO facility about the same time as we should get the approval for that acquisition very soon and NASCO already is MSA approved .
We also expect XXII to announce some USA distribution agreements and then some possible worldwide dist. agreements in short order then top it all off with up listing announcement. Many expect all of the above to happen by the end of Jan.
As you can surmise, a lot of action comes into play as soon as we get the MSA license and thus the expected nice sized pop to the share price when that announcement is made.
I was very impressed with how the share price held pretty firm today. Can't have mega rises everyday and a small retrenchment is to be expected.
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