22nd Century Group (XXII.OB) Merges with 22nd Century Ltd. to Help Smokers Kick the Habit
22nd Century Group Inc., a plant biotechnology company focused on proprietary technology that decreases or increases the level of nicotine in the tobacco plant, today announced that it has completed a merger with 22nd Century Limited, LLC, a company focused on the development of a prescription smoking-cessation aid and tobacco harm reduction products. Effective yesterday, 22nd Century Limited is a wholly owned subsidiary of 22nd Century Group. Immediately prior to the merger, 22nd Century Limited completed a private placement of approximately $5.4 million of securities to accredited investors, exchanged in the merger for common stock and warrants of 22nd Century…