Shares of 22nd Century Group, Inc. (XXII) are up 102% on Friday following the announcement of a new contract manufacturing agreement for branded conventional cigarette products.
XXII is trading on the Nasdaq at $2.86, up 93.58% or $1.38 per share. It has traded between $1.62 and $3.68 in the past 52-week period.
The agreement is set to generate revenue in the second quarter of 2024 and is projected to boost carton production volumes by over 20% at 22nd Century's manufacturing facility.
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