22nd Century Group (XXII) Soars After $9.5M Windfall, Expands Low-Nicotine Cigarette Rollout
22nd Century Group shares surged over 39% in after-hours trading to about $2.10 after securing a $9.5 million insurance settlement. The company, now debt-free, recently expanded its FDA-authorized VLN low-nicotine cigarettes into 140 Circle K stores in Illinois and has sales authorized in 45 states. Despite these moves, 22nd Century remains unprofitable and will report Q3 results on November 4.
