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News analysis

22nd Century’s cannabinoid business accounts for two-thirds of Q2 revenue

Written by || 16th August 2023 || News analysis | Cannabinoids | Cannabis – recreational | Financial results | GeographiesNorth America United States

22nd Century announced a positive second-quarter result for its cannabinoid business, with the division supplying most of its quarterly revenue.

The company said its hemp/cannabinoid division accounted for $15.4m of the $23.4m it pulled in over the second quarter of 2023, during a presentation of its quarterly results. Overall, net revenue increased by nearly 62% from the same period in the previous year.

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Freddie Dawson

Senior news editor
Freddie studied at King’s College, London and City University and worked for publications including The Times, The Malay Mail, PathfinderBuzz and Solar Summary before joining the CannIntelligence team. He has extensive experience in covering fast-moving consumer goods (FMCG), manufacturing and technological innovation.

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