22Nd Century Group (Xxii) Acquires Rx Pharmatech Ltd, Greatly Strengthening Uk And Eu Market Position
Acquiring Company
22nd Century
Acquired Company
RX Pharmatech Ltd
BuffaloManufacturingInformation TechnologyBiotechnologyAgriculture and FarmingMedia And EntertainmentHealth CareScience And EngineeringPrivacy And SecurityDescription
22nd Century Group, Inc. (Nasdaq: XXII), a leading biotechnology company dedicated to improving health with reduced nicotine tobacco, hemp/cannabis and hops advanced plant technologies, today announced the acquisition of privately held RX Pharmatech Ltd (RXP), a leading United Kingdom distributor of cannabinoids with 1,276 novel food applications with the U.K. Food Standards Agency (FSA). Terms of the agreement include an up-front payment of $650,000 in cash and stock and a three-year equity earn-out based on revenue milestones.
Quick answer
22nd Century is acquiring RX Pharmatech Ltd, announced January 24, 2023. 22nd Century is based in Buffalo, New York, United States.
- How much did 22nd Century pay for RX Pharmatech Ltd?
- The deal value was not disclosed.
- What does 22nd Century do?
- 22nd Century Group is a leading agricultural biotechnology company dedicated to improving human health with reduced nicotine tobacco, hemp/cannabis, and hops advanced plant technology.
- Where are 22nd Century and RX Pharmatech Ltd based?
- 22nd Century is based in Buffalo, New York, United States.
- Who are the decision-makers at 22nd Century?
- Fundz holds 1 contact at 22nd Century. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at 22nd Century, and when
When 22nd Century changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Frequently asked
Who acquired RX Pharmatech Ltd?
RX Pharmatech Ltd was acquired by 22nd Century, based in Buffalo. The deal was reported on January 24, 2023. 22nd Century Group is a leading agricultural biotechnology company dedicated to improving human health with reduced nicotine tobacco, hemp/cannabis, and hops advanced plant technology. 22nd Century is publicly traded (XXII) and operates in Manufacturing.
When did 22nd Century acquire RX Pharmatech Ltd?
22nd Century's acquisition of RX Pharmatech Ltd was reported on January 24, 2023. 22nd Century Group, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does RX Pharmatech Ltd do?
RX Pharmatech Ltd is the company acquired in this transaction. It is privately held.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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