24/7 Market News Snapshot 07 November, 2024 – 22nd Century Group Inc. (NASDAQ:XXII)

November 7, 2024

DENVER, Colo., 07 November, 2024 (247marketnews.com) – (NASDAQ:XXII) are discussed in this article.
22nd Century Group Inc. (NASDAQ:XXII) is experiencing an upward trajectory in its stock performance, currently trading at $0.115, reflecting an 11.65% increase from its previous close of $0.103. This positive movement is buoyed by a robust trading volume of 15.01 million shares, indicative of strong trader sentiment. Technical analysis suggests potential resistance at $0.12, while support holds steady at $0.10. Investors are advised to monitor ongoing market trends and news to gauge whether this momentum could translate into further gains for the company.

In an important upcoming event for the company, 22nd Century Group will host a live webcast on November 12, 2024, at 8:00 AM ET, to discuss its third-quarter financial results, which will be disclosed earlier that same day at 6:00 AM ET. The session will feature insights from Chairman and CEO Larry Firestone, alongside CFO Dan Otto, as they share key financial metrics and details on the company’s strategic initiatives over the past quarter.

22nd Century Group is at the forefront of innovation in the nicotine harm reduction sector, known primarily for its flagship product, VLN®—the first combustible cigarette approved by the FDA as a Modified Risk Tobacco Product. VLN® is designed to contain 95% less nicotine than typical cigarettes, aiming to empower smokers to control their nicotine intake effectively. The company is committed to sustainable practices with a high-capacity manufacturing facility that can produce over 45 million cartons of tobacco products annually.

This webcast presents a critical opportunity for stakeholders and industry professionals to gain insights into 22nd Century Group’s ongoing efforts and future directions within the evolving tobacco landscape.

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