22nd Century Group Inc
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Consumer Staples : Tobacco | Small Cap Growth
Company profile

22nd Century Group, Inc. is an agricultural biotechnology and intellectual property company. The Company is focused on tobacco harm reduction, reduced nicotine tobacco and improving health and wellness through plant science. In tobacco, hemp/cannabis, and hop plants, it uses various plant breeding technologies, including genetic engineering, gene-editing, and molecular breeding to deliver solutions for the life science and consumer products industries by creating new plants with optimized alkaloid and flavonoid profiles, as well as improved yields and valuable agronomic traits. It has developed very low nicotine content (VLNC) tobacco and cigarettes, which contain 95% less nicotine than conventional tobacco and cigarettes. Its reduced nicotine cigarettes include VLN King and VLN Menthol King. In hemp, the Company is developing hemp varieties with increased levels of certain cannabinoids and other desirable agronomic traits. The Company has an interest in RX Pharmatech Ltd (RXP).

Closing Price
$1.06
Day's Change
-0.03 (-2.75%)
Bid
--
Ask
--
B/A Size
--
Day's High
1.12
Day's Low
1.06
Volume
(Light)
Volume:
871,405

10-day average volume:
1,162,716
871,405

SHAREHOLDER ACTION REMINDER: The Schall Law Firm Encourages Investors in Core Scientific, Inc. with Losses of $100,000 to Contact the Firm

6:30 pm ET December 6, 2022 (Accesswire) Print

LOS ANGELES, CA / ACCESSWIRE / December 6, 2022 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Core Scientific, Inc. ("Core Scientific" or "the Company") (NASDAQ:CORZ) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

The Schall Law Firm, Tuesday, December 6, 2022, Press release picture

Investors who purchased the Company's securities between January 3, 2022 and October 26, 2022, inclusive (the ''Class Period''), are encouraged to contact the firm before January 13, 2023.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Core Scientific suffered from increased power costs due in part to the expiration of a pricing agreement. The Company failed to provide hosting services to Celsius as required by contract. The Company created a surcharge not included in its contract to pass higher power costs on to Celsius. The Company was likely to face legal action from Celsius based on this alleged breach of contract. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Core Scientific, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm

Brian Schall, Esq.,

www.schallfirm.com

Office: 310-301-3335

info@schallfirm.com

SOURCE: The Schall Law Firm





View source version on accesswire.com:

https://www.accesswire.com/730341/SHAREHOLDER-ACTION-REMINDER-The-Schall-Law-Firm-Encourages-Investors-in-Core-Scientific-Inc-with-Losses-of-100000-to-Contact-the-Firm



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COMTEX_420321362/2457/2022-12-06T18:30:27

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