New Capabilities Allow 22nd Century to Accelerate Revenue Streams and Create Higher Value Commercial Lines
22nd Century Group, Inc. (Nasdaq: XXII), a leading agricultural biotechnology company focused on tobacco harm reduction, reduced nicotine tobacco, and improving health and wellness through modern plant science, announced today, together with its global plant research partner KeyGene, a breakthrough in its hemp/cannabis plant research leading to the successful transformation of the hemp/cannabis plant genome using a proprietary plant transformation and regeneration technology and clear protein expression by the introduced genes.
“I cannot emphasize enough what an enormous achievement it is for our company to have cracked the code to show proof of genome transformation in the hemp/cannabis plant. This is the holy grail in plant science and places us in a commanding leadership position in the race to secure patents and other valuable intellectual property in the emerging hemp/cannabis genetics field,” said James A. Mish, chief executive officer of 22nd Century Group.
“These newest plant transformation discoveries unlock additional revenue opportunities for the Company and accelerate our efforts to create new hemp/cannabis plant lines with much higher commercial value at accelerated rates, lower cost and lower risk to our customers.”
Said JP Tamburrino, Vice President or Research and Development at 22nd Century Group, “This new transformation methodology leading to functional protein expression in hemp/cannabis is a key enabling technology that greatly enhances our ability to directly and quickly modify specific target genes. This unique know-how adds another important tool to our established modern plant science capabilities that also includes an extensive library of hemp and cannabis germplasm, a genome database, marker-assisted, rapid-cycle molecular breeding and mutagenesis, all supported by KeyGene’s world-class bioinformatics and genome sequencing capabilities utilizing machine learning and AI. Together, these tools, which are typically only used by the largest plant science companies such as Bayer/Monsanto, Corteva and Syngenta, are being used by 22nd Century to create new, proprietary hemp/cannabis plants tailored to differentiate the content of specific major and minor cannabinoids, terpenoids or eliminate unwanted metabolites to create new commercial lines tailored to the preferences and needs of end users, often at a fraction of the time and cost of traditional breeding methods.”
22nd Century has previously demonstrated its ability to generate new, tailored hemp/cannabis lines through broad-based techniques such as molecular breeding and mutagenesis, which necessitate the creation of hundreds or thousands of plants that are then genetically sequenced to identify those with the desired genetic traits. The plant transformation breakthrough unlocked by 22nd Century and KeyGene enables the desired DNA sequences to be inserted directly into or created from a plant’s existing genetic material, creating a more expedient and focused methodology to achieve the desired outcome.