DALLAS, TEXAS : StockGuru announces that 22nd Century Group Inc. (OTCBB: XXII) is in the StockGuru Spotlight. 22nd Century Group, Inc., a biotechnology company, engages in modifying the content of nicotinic alkaloids in plants, including the tobacco plant, through genetic engineering and plant breeding. It is developing smoking cessation products for those smokers, who refuse to quit smoking; and modified risk tobacco products that reduce exposure to smoke toxins compared to conventional cigarettes. The companys products include X-22, a prescription smoking cessation aid, which is a tobacco-based botanical medical product for use as a smoking cessation therapy.
On Wednesday, the company put out news announcing that it has contracted with dozens of American farmers to grow its proprietary tobacco. This year, across three states, 22nd Century’s contracted farmers planted twice the number of acres planted in 2010. The company started contracting directly with tobacco farmers in 2008 and has essentially doubled the number of acres planted each year since 2009.
Shares for 22nd Century Group Inc. were down during the late afternoon of trading on Wednesday and closed down four cents at closing.
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