22nd Century Group (XXII) Soars After $9.5M Windfall, Expands Low-Nicotine Cigarette Rollout
22nd Century Group received a substantial $9.5 million cash payout this week from an insurance settlement tied to a November 2022 incident at its Grass Valley facility. The settlement, for business interruption claims, provides a non-recurring cash windfall that immediately bolsters the company’s balance sheet. Shares of XXII surged 39% in post-market trading on Tuesday to about $2.10 on the news Benzinga, reflecting renewed investor optimism after the stock languished near all-time lows.
