Streetbeat News

QBAK

Qualstar Corp

Employees

Industry

Blank Magnetic and Optical Recording Media Manufacturing

Open

3.65

Mkt cap

6.9M

Volume

610

High

3.65

P/E Ratio

-14.60

52-wk high

7.51

Low

3.65

Div yield

N/A

52-wk low

3.00

22nd Century Group, Inc. (XXII) appoints Lawrence Firestone as chairman and CEO. The company also announced the sale of its GVB Biopharma operations to Specialty Acquisition Corporation for $2.25 million. Firestone has extensive experience, including roles as CEO of Eastside Distilling, Inc. (EAST) and Qualstar Corporation (QBAK), and CFO of Advanced Energy Industries (AEIS) and Applied Films Corporation (AFCO). 22nd Century reported an 8.2% drop in net revenue and a significant operating loss. The Blinc Group promoted Pete Sahani to CEO, with the former CEO taking a new role. XXII shares rose 10.6977% to $0.2380.

Portfolio Pulse from Jelena Martinovic

November 29, 2023 | 3:53 pm

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