secwatch.observer — SEC 8-K summary
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Issuer:     22nd Century Group, Inc. (XXII)
CIK:        0001347858
Form:       8-K
Filed at:   2023-04-05T23:59:59+00:00
Accession:  0001104659-23-042189
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

22nd Century Group signs exclusive 3-year license and distribution deal with Cookies
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- Exclusive license to manufacture and distribute Cookies branded hemp-derived products in US for 3 years, with option to extend.
- 22nd Century to issue 5 million shares of unregistered common stock to Cookies, subject to one-year lock-up.
- Monthly license fee equal to a percentage of net profits generated under the agreement.
- GVB Biopharma, a 22nd Century subsidiary, has manufactured Cookies products for the past three years.
- Distribution targets up to 18 markets and approximately 60,000 retail stores in 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1347858/000110465923042189/0001104659-23-042189-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1347858/000110465923042189/tm2311841d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-042189

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer