CLARENCE, N.Y.–(BUSINESS WIRE)–
22nd Century Group, Inc. (NYSE American: XXII), a bulb biotechnology aggregation focused on tobacco abuse abridgement and cannabis research, appear today that the Aggregation and the University of Virginia (“UVA”) completed their aboriginal acknowledged autumn of hemp plants and articular several able hemp varieties that could anatomy the foundation for bartering hemp assembly throughout the bequest tobacco belt arena of the United States.
The 22nd Century-UVA hemp acreage trials acclimated assorted oil and cilia varieties of hemp. The Company’s aboriginal hemp autumn with UVA articular proprietary varieties of hemp that accept accomplished agronomic backdrop for advance in the Commonwealth of Virginia. 22nd Century and UVA will use the best able varieties for broadcast plantings advised to optimize bulb growth. 22nd Century is additionally alive with UVA on the development of high-value alleviative cannabinoid varieties and specialized cannabinoid abstraction processes for use in animal therapeutics.
Dr. Michael Timko, the arch accurate investigator at UVA in the Company’s sponsored hemp program, stated: “We are absolute aflame to autumn our aboriginal Virginia-based hemp crops in affiliation with 22nd Century. We accept abstruse a lot from this aboriginal year’s burying and we are planning to booty abounding advantage of the proposed amendments to Virginia’s automated hemp laws with broadcast plantings in 2018. Our class and greenhouse-based biotechnology projects with 22nd Century’s hemp plants are already underway. Indeed, we accept aggressive goals, including the assembly of cannabinoids for animal therapeutics, cannabinoid oils for comestible purposes, and hemp cilia for automated uses.”
22nd Century is additionally analogous with UVA on the acreage advance and class testing of zero-THC hemp curve developed by 22nd Century in affiliation with its analysis partner, Anandia Laboratories, in Canada. 22nd Century scientists apprehend that its additional bearing zero-THC hemp lines, in aggregate with added above hemp plants, will anatomy the base of approaching automated hemp array development in the United States. In addition, the Company’s on-going phytoremediation action in Virginia will anon crop after-effects in the clay remediation of called attenuated and compacted mining acreage in Virginia.
The alteration hemp authoritative framework beyond the United States continues to actualize befalling for 22nd Century. The Virginia Department of Agriculture and Consumer Services (“VDACS”) afresh appear that it is advancing legislation to alter Virginia laws to alter the accepted automated hemp agriculturalist licensure affairs with a simplified and accessible allotment affairs for automated hemp growers. As a result, industry experts ahead a ample access in appeal for acceptable hemp berry in the Commonwealth of Virginia. 22nd Century is assertive to accommodated this need. Additionally, in the Company’s home state, New York Governor Andrew Cuomo afresh appear that the accompaniment intends to become a arch agriculturalist and ambassador of hemp and hemp-derived products. To booty advantage of the favorable hemp altitude in New York, 22nd Century has activated for a New York hemp agriculturalist authorization and looks advanced to accretion its Buffalo, NY-based class to accommodate important new hemp research.
“We are captivated with the after-effects of our aboriginal automated hemp acreage trials in Virginia and with the cogent bartering abeyant these plants represent,” appear Dr. Paul Rushton, Vice President of Bulb Biotechnology at 22nd Century. “In 2018, we will add our proprietary zero-THC hemp plants to our hemp affairs with UVA and we will aggrandize our hemp activities in New York and added areas beyond the United States; these projects will abide to spotlight 22nd Century as a baton in the rapidly arising automated hemp and medical marijuana markets.”
About 22nd Century Group, Inc.
22nd Century is a bulb biotechnology aggregation focused on abiogenetic engineering and bulb ancestry which allows the access or abatement of the akin of nicotine in tobacco plants and the akin of cannabinoids in cannabis plants. The Company’s primary mission in tobacco is to abate the abuse acquired by smoking. The Company’s primary mission in cannabis is to advance proprietary hemp/cannabis strains for important new medicines and agronomical crops. Visit www.xxiicentury.com and www.botanicalgenetics.com for added information.
Cautionary Note Apropos Forward-Looking Statements: This columnist absolution contains advanced information, including all statements that are not statements of absolute actuality apropos the intent, acceptance or accepted expectations of 22nd Century Group, Inc., its admiral or its admiral with account to the capacity of this columnist release, including but not bound to our approaching acquirement expectations. The words “may,” “would,” “will,” “expect,” “estimate,” “anticipate,” “believe,” “intend” and agnate expressions and variations thereof are advised to analyze advanced statements. We cannot agreement approaching results, levels of action or performance. You should not abode disproportionate assurance on these advanced statements, which allege alone as of the date that they were made. These cautionary statements should be advised with any accounting or articulate advanced statements that we may affair in the future. Except as appropriate by applicative law, including the balance laws of the United States, we do not intend to amend any of the advanced statements to accommodate these statements to reflect absolute results, after contest or circumstances, or to reflect the accident of hasty events. You should anxiously analysis and accede the assorted disclosures fabricated by us in our anniversary address on Anatomy 10-K for the budgetary year concluded December 31, 2016, filed on March 8, 2017, including the area advantaged “Risk Factors,” and our added letters filed with the U.S. Balance and Exchange Commission which attack to admonish absorbed parties of the risks and factors that may affect our business, banking condition, after-effects of operation and banknote flows. If one or added of these risks or uncertainties materialize, or if the basal assumptions prove incorrect, our absolute after-effects may alter materially from those accepted or projected.
View antecedent adaptation on businesswire.com: http://www.businesswire.com/news/home/20171019005482/en/
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