22nd Century Group Inc

NASDAQ:XXII   1:00:00 PM EDT
1.18
-0.01 (-0.84%)
4:59:14 PM EDT: $1.15 -0.03 (-2.54%)
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Gvb Biopharma Announces Fire Occurred At Its GVB Biopharma Distillate & Isolate Manufacturing Facility

Published: 11/21/2022 23:28 GMT
22nd Century Group Inc (XXII) - Gvb Biopharma - Announced Fire Occurred at Its Gvb Biopharma Distillate & Isolate Manufacturing Facility Located in Grass Valley, Oregon, on Nov 20.
Gvb Biopharma - There Were No Reported Life Threatening Injuries, But the Fire Damaged the Facility.
Gvb Biopharma - All Grass Valley Manufacturing Operations Will Be Curtailed.
Gvb Biopharma - Co is Implementing Backup Production Plans and Believes Its Customers Will Experience No Disruption in Service Or Quality of Products.
Gvb Biopharma - 22nd Century is Currently Evaluating the Extent of the Damage Resulting From the Fire and the Amount of Loss is Unknown at This Time.
Gvb Biopharma - Expects That Losses Resulting From the Fire Will Be Covered by Its Property and Business Interruption Insurance Policies.