Can you comment on this stock?
This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.
Can you comment on this stock?
This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.
We use cookies on this site to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies.
More Info
22nd Century Group, Inc. is a plant biotechnology company. It is focused on technology that allows increase or decrease in the level of nicotine and other nicotinic alkaloids in tobacco plants and levels of cannabinoids in cannabis plants. It is currently considered a strong buy on the Morningstar website.
Looks like they’re trying to get a 95%-less-nicotine cigarette to market as a smoking cessation aid. I have no idea what the success might be of that, though it would be a lot better if they had a major tobacco company to partner with them and pay a royalty for the technology or the breed or whatever it is that lets them produce tobacco with much less nicotine. I’d be a little skeptical, but I’m not a smoker so I don’t really have a personal feel for whether burning nicotine-less tobacco would be a good way to ease out of an addiction — I guess the debate would be whether you get the nicotine in a patch or gum to ease you out of the addictive behavior of smoking, or you use the addictive behavior of smoking to ease you out of the actual physical nicotine addiction. The problem, I guess, is that you still have the socially unacceptable smoking habit and then have that physical addiction to fight — perhaps it’s easier with nicotine partially out of the picture, or perhaps you’ll go from smoking a pack of cigarettes to smoking eight packs of 5% nicotine cigarettes, I have no idea.
Sounds like an interesting approach, but from 30 seconds looking at it I’d characterize it as extremely risky — small cap that has to get FDA approval for this as a smoking cessation technique, and I have no idea whether the FDA would find it appealing or not… particularly because it’s not really the nicotine that causes health problems for cigarette smokers. But you never know.