Benzinga | Feb 24, 2021 10:01AM EST

22nd Century Group CEO Says Believes Co's Current Share Price 'Greatly Undervalues The Untapped Potential Of Our Business And Of Our Extraordinary Potential'

22nd Century Group Provides Business Update Letter from CEO

WILLIAMSVILLE, N.Y., Feb. 24, 2021 (GLOBE NEWSWIRE) -- 22nd Century Group, Inc. (NYSE:XXII), a leading plant-based, biotechnology company that is focused on tobacco harm reduction, very low nicotine content tobacco, and hemp/cannabis research, today provided a business update letter from Chief Executive Officer, James A. Mish.

Dear Fellow Shareholders,

As the Chief Executive Officer of 22nd Century Group in this important first quarter of 2021, I am proud of what our team was able to accomplish in 2020, and I look forward to sharing our financial results with you during our next quarterly earnings update in March. We are entering what I believe will be a pivotal year for 22nd Century. Since reporting third quarter earnings last November, shares of 22nd Century have appreciated 343% to $3.821. Still, I believe the Company's current share price greatly undervalues the untapped potential of our business and of our extraordinary potential in very large and highly attractive markets.