Source: Richard Craver, WINSTON-SALEM JOURNAL, 3/11/19


22nd Century Group Inc. reported this week a $7.94 million loss for fiscal 2018, primarily caused by higher operational costs. By comparison, 22nd Century had a $13 million loss in fiscal 2017. The report was made public after the stock market closed Wednesday. The share price was down as much as 5.7 percent to $1.75 in early trading Thursday. The fiscal 2018 loss was lowered in large part because it had a $14.5 million investment gain related to its stake in Anandia Laboratories Inc., which was sold during 2018 to Aurora Cannabis.

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