22nd Century Expands Stock Capacity for Growth Potential

22nd Century (XXII) has released an update.

On February 15, 2024, shareholders of a company overwhelmingly approved a significant amendment to expand the company’s authorized common stock from approximately 66.7 million shares to 250 million shares. This move, effective immediately in the state of Nevada, reflects a strategic decision to potentially broaden the company’s capital base, indicating growth or fundraising intentions that may intrigue investors and market watchers.

For further insights into XXII stock, check out TipRanks’ Stock Analysis page.