22nd Century Group, Inc. (OTCMKTS:XXII) Firmly Set On the Path Upwards

22nd century Group, Inc. (OTCMKTS:XXII) unwavering climb continued through yesterday’s session. The company put another 10% to their price and closed at $1.50, a price level never seen in the past two years. Traded volume though remained around the average number for the company reaching 330 thousand shares.

Without any involvement from paid pumpers the company has had 9 positive closes out of the last 10 market sessions. XXII have already recovered and even surpassed the prices from before the stumble they took on Friday. They are also not overly-indulgent in releasing PR articles making announcement only when there is a major event.

XXII is quite unique being a plant biotechnology company. Through genetic engineering and plant breeding they are striving to create less harmful tobacco and smoke cessation products by controlling the nicotine levels in tobacco plants. The company owns 109 issued patents with another 39 patent applications.

They offer the premium priced brands Red Sun and Magic through the subsidiary Goodrich Tobacco. XXII have intentionally limited the marketing and sales of these brands until they become a participating manufacturer of the “MSA”( Master Settlement Agreement).In addition they have been providing modified nicotine cigarettes to the National Institute of Drug Abuse totaling 12 million for the last 2 years.

Financially they are having some issues finishing the quarter ending March 31 with the following results:

• $278 thousand
• $1,6 million total current assets
• $1.8 million total current liabilities
• ZERO revenue
• $2.5 million net loss

The next financial report that should be filed in next weeks is expected to show a much improved picture. XXII announced proceeds of around 1.25 million due to the conversion of the last series B warrants into 2,083,334 shares. Investors currently not involved with XXII should be careful because the ticker may correct at any time if tradders decide to shed their holdings.

A company that shares many similarities with XXII is Vapor Corp. (OTCMKTS:VPCO). They operate in the booming market of electronic cigarettes and relying on their own stable fundamentals have climbed to the $1 dollar mark. Liquidmetal Technologies, Inc. (OTCMKTS:LQMT) on the other hand has been sliding for the last 6 sessions stopping at $0.14 yesterday.