Revenue Bottom, Cash Rich, and Poised for Growth: Coming on the heels of a preferred share issuance, XXII recently announced repayment of all remaining debt and settlement of a $9.5mn legal case. Accordingly, the Company is now net-cash rich (2025E cash is 1/3rd of market value) just as more-branded CMO stabilizes and higher margin VLN® re-launch begins to gain shipment traction.
