2023-05-02 09:56:09 ET
- Biotechnology company, 22nd Century Group ( NASDAQ: XXII ) signed agreement with Old Pal, a widely recognized consumer hemp/cannabis company started in California and now operating in eight states.
- The exclusive license with 22nd Century covers Old Pal branded non-Delta-9 THC, hemp derived cannabinoid consumer products and accessories.
- Combined, the company estimates that its agreements with Cookies and Old Pal represent more than $140M in revenue opportunity with very attractive margins over the terms of the contracts.
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22nd Century Group enters agreement with Old Pal