22nd Century Group Inc (NYSEAMERICAN:XXII) is moving a bit higher in the pre market session on Thursday.
Major Trigger:
Reduced Nicotine Tobacco and Cannabinoid Innovator 22nd Century Group to Be Added to Russell 2000®, Russell 3000®, and Russell Global Indexes
Key Highlights:
- announced that it will be added to the Russell 2000®, Russell 3000®, and Russell Global Indexes at the conclusion of the Russell US Indexes annual reconstitution, effective at the opening of the U.S. equity markets on June 28, 2021.
- FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes. Approximately $9 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.
Key Quote:
“It is an honor to join the Russell 2000 Index this year, a meaningful milestone that we believe acknowledges our Company’s strong growth and progress on stated initiatives, and reflects the market’s confidence in our new leadership team, innovative strategies, and diligent financial execution,” said James A. Mish, chief executive officer of 22nd Century Group. “Over the past year, we have taken important strides that have had a significant favorable impact on the value of our Company and our stature and influence in the tobacco and plant science industries.
Market Reaction
As of 7:22, XXII is trading at $0.4.86, up 0.21%. So far more than 1K shares have exchanged hands.
