ClosedPublished 18 May 2022

22nd Century Group, Inc. /
GVB Biopharma

22nd Century Group adds GVB Biopharma’s hemp product business

Price
$4.5m
Stage
Closed
Source · 18 May 2022
01 / Buyer22nd Century Group, Inc.
02 / TargetGVB Biopharma
01

What happened

22nd Century Group, Inc. closed its acquisition of substantially all of GVB Biopharma’s assets dedicated to hemp-based cannabinoid extraction, refinement, contract manufacturing and product development on May 13, 2022.

Consideration included the assumption of approximately $4.5 million of debt, certain transaction costs and 32,900,000 shares of common stock. Terms weren't disclosed.

02

The source

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01
Source · Source

22nd Century Group adds GVB Biopharma’s hemp product business

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03

Timeline

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  1. Closed

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  2. Published by the source

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