22nd Century Group Inc (OTCBB:XXII) Exchanging the Warrants

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Las Vegas, NV -- (SBWIRE) -- 12/24/2013 -- 22nd Century Group Inc (OTCBB:XXII) is a biotechnology firm focusing on X-22 Smoking Cessation Aid production. The company received approval for X-22 from FDA in July 2011. The company acquired a North California based manufacturing facility in 2013 that is still not disclosed. The company also acquired NASCO Specialty Brands LLC in 2013.

22nd Century Group traded at $1.94 after 3.19% rise in share price. The company’s share traded at highest of $2.01 and lowest of $0.46 during last 52 weeks. The company has market capitalization of $96.46 million.

22nd Century Group announced that its warrant exchange program successfully completed. The accomplishment was even beyond expectations of the management. XXII had gross proceeds of $3.6 million by exchanging the warrants.

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