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22nd Century Group Slashes Board Pay, Eyes $1M Savings

22nd Century Group, Inc. (NASDAQ: XXII) announces major cost cuts in board compensation, aiming to save over $1 million annually starting in 2024. The reduction in pay highlights the company's commitment to financial optimization and enhancing profitability.

by Mark Eisenberg
Wed, Feb 14, 2024 6:08am
in Business
• 2 mins read
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22nd Century Group Slashes Board Pay, Eyes M Savings | FinOracle

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22nd Century Group Announces Major Cost Cuts in Board Compensation

In a strategic move towards financial optimization, 22nd Century Group, Inc. (NASDAQ: XXII), a pioneer in plant-based health and wellness innovations, has unveiled a comprehensive plan to significantly reduce its board members' compensation. This initiative is poised to save the company over $1 million annually starting in 2024, signifying a substantial shift towards enhancing profitability and shareholder value.

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