Brief: 22Nd Century Group (Xxii) Acquires Rx Pharmatech Ltd, Greatly Strengthening Uk And EU Market Position

22nd Century

24/01/2023 14:26

Jan 24 (Reuters) - 22nd Century Group Inc  XXII.O :
    * 22ND CENTURY GROUP (XXII) ACQUIRES RX PHARMATECH LTD,
GREATLY
STRENGTHENING UK AND EU MARKET POSITION
    * 22ND CENTURY GROUP INC: DEAL IMMEDIATELY ACCRETIVE
ADDITION TO
HEMP/CANNABIS BUSINESS WITH POSITIVE EBITDA
    * 22ND CENTURY GROUP-TERMS OF DEAL INCLUDE AN UP-FRONT
PAYMENT OF
$650,000 IN CASH AND STOCK AND THREE-YEAR EQUITY EARN-OUT BASED
ON REVENUE MILESTONES

Source text for Eikon:  ID:nGNX6B23C7 
Further company coverage:  XXII.O 
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