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News  ›  Benzinga

Why Did 22nd Century Group Shares Surge 39% In After-Hours Trading?

Benzinga Logo Benzinga By Mohd Haider
Why Did 22nd Century Group Shares Surge 39% In After-Hours Trading?

22nd Century Group received a $9.5 million insurance settlement for business interruption claims, causing its stock to surge 39% in after-hours trading. The company is focusing on its VLN reduced-nicotine cigarette product line and preparing for its Q3 earnings report.

Insights
IBM   positive

Established tech giant with sustainable quantum computing research funding and clear technology roadmap


XXII   positive

Received significant insurance settlement, CEO optimistic about company's transition to growth phase, first FDA-compliant reduced-nicotine tobacco product