22nd Century Regains Full Compliance with Nasdaq Continued Listing Standards

Core Points - 22nd Century Group, Inc. has regained compliance with the Nasdaq Minimum Bid Price Requirement for continued listing [1][2] - The CEO expressed satisfaction with the compliance status, emphasizing the commitment to long-term shareholder value [2] - The company focuses on nicotine harm reduction, offering products that allow smokers to control their nicotine consumption [3][5] Company Overview - 22nd Century Group is a pioneering company in the tobacco industry, specifically targeting nicotine harm reduction [2] - The flagship product, VLN cigarettes, contains 95% less nicotine than traditional cigarettes, aiming to help smokers reduce their nicotine intake [3][5] - The company operates a 60,000 square foot manufacturing facility in Mocksville, North Carolina, with an annual production capacity of over 45 million cartons of combusted tobacco products [4] Product and Technology - The proprietary reduced nicotine tobacco blends are developed using patented technologies that regulate nicotine biosynthesis in the tobacco plant [5] - The extensive patent portfolio ensures that the company holds the only low nicotine combustible cigarette in the United States and key international markets [5]