- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Winter Olympics
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
22nd Century Group (Nasdaq: XXII)
Posted on 10/17/22 at 4:07 pm
Posted on 10/17/22 at 4:07 pm
You may already be familiar with the company.
If not, the company's businesses are VLN tobacco cigarettes and cannabis.
Below is a link to a webcast of a 25-minute presentation by the CEO of the company on 10/12/2022 at the Dawson James Small Cap Growth Conference, if anyone is interested.
He seems to be excited about the growth prospects for 22nd Century Group.
LINK
If not, the company's businesses are VLN tobacco cigarettes and cannabis.
Below is a link to a webcast of a 25-minute presentation by the CEO of the company on 10/12/2022 at the Dawson James Small Cap Growth Conference, if anyone is interested.
He seems to be excited about the growth prospects for 22nd Century Group.
LINK
4
Posted on 10/21/22 at 4:36 pm to Longer Tail Tiger
The Link below is to a brief Aug 18, 2022 article titled "22nd Century Group plans for big growth after new product launch", if anyone is interested.
LINK
LINK
Posted on 10/26/22 at 2:04 pm to Longer Tail Tiger
"22nd Century Group (Nasdaq: XXII) to Expand VLN® Sales in Three Additional States: Arizona, Utah and New Mexico" per this link, if interested.
LINK
LINK
Posted on 10/26/22 at 4:51 pm to Longer Tail Tiger
Today, 22nd Century Group, Inc.'s CEO made another investor presentation. This one was at the LD Micro Main Event Investor Conference in Los Angeles, California at 11:00 a.m. PT.
During this newest presentation, he made some very revealing statements about what the potential valuation of shares of the company might be that (in my opinion) were more detailed than the statements he'd made in his prior recent presentation linked above.
For anyone who might like to check out today's more detailed presentation, below is a link to the video of the CEO's presentation. It begins at the 8:20 mark.
LINK
During this newest presentation, he made some very revealing statements about what the potential valuation of shares of the company might be that (in my opinion) were more detailed than the statements he'd made in his prior recent presentation linked above.
For anyone who might like to check out today's more detailed presentation, below is a link to the video of the CEO's presentation. It begins at the 8:20 mark.
LINK
Posted on 11/7/22 at 8:58 am to Longer Tail Tiger
Posted on 11/7/22 at 12:37 pm to Longer Tail Tiger
But why smoke a cig without much nicotine?
Posted on 11/7/22 at 12:47 pm to Longer Tail Tiger
Why would you create a product that reduces consumption of itself? That sounds good for people who want to quit smoking, but most smokers don’t actually want to quit. And you’re not going to drive earnings with a product that’s supposed to be consistent use but instead winds down in use over time
Posted on 11/7/22 at 1:31 pm to Upperdecker
You’re kind of being a bully right now
Posted on 11/7/22 at 2:40 pm to Upperdecker
The source of the following quoted statements is 22nd Century Group's latest presentation... the entirety of that presentation is linked below.
LINK
quote:
THE FIRST AND ONLY COMBUSTIBLE CIGARETTE
AUTHORIZED BY THE FDA
quote:
Strong VLN® Chicago pilot results driving expansion in the
~$80 billion U.S. market and +$800 billion global market
quote:
FDA authorized VLN® King and VLN® Menthol King
Modified Risk Tobacco Product application (MRTPA) on
December 23, 2021.
§ FDA added the data-driven claim “Helps You Smoke Less”
and authorized all requested claims
§ Rather than just shifting smokers to another highly
addictive, nicotine-laden product, we are focused on
helping smokers reduce their nicotine consumption
and smoke less.
“We know that three out of four adult smokers want to quit and the
data on these products show they can help addicted adult smokers
transition away from highly addictive combusted cigarettes.”
- Mitch Zeller
FDA Center for Tobacco Products
LINK
Posted on 11/7/22 at 3:05 pm to Longer Tail Tiger
Looks like cash burn is about $10mm per quarter
Had $26mm of cash on hand at the end of Q2 2022
They either need to start making more money as we enter a recession, or, more likely, a very dilutive capital raise is coming
Good luck, know what you're investing in...
Had $26mm of cash on hand at the end of Q2 2022
They either need to start making more money as we enter a recession, or, more likely, a very dilutive capital raise is coming
Good luck, know what you're investing in...
Posted on 11/7/22 at 5:42 pm to Texas Tea 123
You're absolutely correct about the company having had $26.2 million in cash at the conclusion of the second quarter on June 30, 2022.
However, (per the link below) thereafter, in July the company strengthened its balance sheet to accelerate the expansion of its VLN Launch via a $35 Million registered direct Offering entered into with institutional investors for the purchase and sale of 17,073,175 shares of its common stock at a price of $2.05 per share.
LINK
Later, on October 12, 2022, during 7th Annual Dawson James Small Cap Growth Conference, CEO Jim Mish indicated there wouldn't be a need for any further dillution. Whether or not that proves to be correct, only time will tell.
However, (per the link below) thereafter, in July the company strengthened its balance sheet to accelerate the expansion of its VLN Launch via a $35 Million registered direct Offering entered into with institutional investors for the purchase and sale of 17,073,175 shares of its common stock at a price of $2.05 per share.
quote:
The Company also agreed to issue to the investors unregistered warrants to purchase up to 17,073,175 shares of common stock. The warrants have an exercise price of $2.05 per share, are immediately exercisable and will expire five years following the date of issuance.
LINK
Later, on October 12, 2022, during 7th Annual Dawson James Small Cap Growth Conference, CEO Jim Mish indicated there wouldn't be a need for any further dillution. Whether or not that proves to be correct, only time will tell.
Posted on 11/8/22 at 8:14 am to Longer Tail Tiger
Posted on 11/8/22 at 12:17 pm to Longer Tail Tiger
I read through some of this. Their cost of revenue is negative. It’s costing them more in sales/marketing/advertising than they make in revenue. And their burn rate is $15MM a quarter now, meaning they have 3 quarters of funds. They’ll have to raise again by mid next year
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News