22nd Century (XXII) just unveiled an update.
On June 24, 2024, GVB Biopharma paid $1.5 million towards reducing their outstanding debt to JGB Partners, LP, lowering the total debt to approximately $8.3 million. Additionally, the final half-million-dollar payment has been deferred to December 31, 2024. The company announced this financial milestone in a press release the following day.
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