22nd Century (US:XXII) Benzingaยท2025-10-29 06:31Core Insights - 22nd Century Group Inc. shares surged 39.07% to $2.10 after receiving a $9.5 million insurance settlement related to a business interruption claim from the November 2022 Grass Valley incident [1] Financial Position - CEO Larry Firestone stated that the settlement marks a transition for the company from a cleanup phase to a growth phase, enhancing its balance sheet with significant cash resources to support strategic execution [2] Product Focus - The company is dedicated to expanding its core business, particularly through its VLN product line, which aims to strengthen its position in tobacco harm reduction [2] - 22nd Century Group utilizes proprietary VLN tobacco, which contains 95% less nicotine than traditional tobacco, in its VLN and Partner VLN reduced-nicotine cigarettes [3] Regulatory Compliance - The VLN products are the first and only combusted tobacco products to comply with the FDA's proposed standard for nicotine yield in cigarettes [4] Earnings and Stock Performance - In the second quarter, the company reported a loss of $13.16 per share, significantly higher than the estimated loss of $6.21 per share [5] - The company is set to report third-quarter earnings on November 4 [5] - The stock has fluctuated between $1.43 and $394.02 over the past year, with a current market capitalization of $5.71 million [5] - At the close of trading on Tuesday, shares fell 0.66% to $1.51 [5] Stock Trends - Benzinga Edge Stock Rankings indicate that XXII is trending downward across all time frames [6]