Rebound Pending PLUS Cash Rich for the First Time: Coming on the heels of a recent preferred shares issuance, XXII recently announced two additional material events: repayment of all remaining dilutive debt and settlement of a long-term legal case resulting in an additional pending $9.5mn in cash injection. Accordingly, the Company is now cash rich with no debt (for the first time) just as the VLN® re-launch begins to gain shipment traction.
