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22nd Century to Participate in the Emerging Growth Conference on August 20, 2025
Globenewswire· 2025-08-18 12:36
MOCKSVILLE, N.C., Aug. 18, 2025 (GLOBE NEWSWIRE) -- 22nd Century Group, Inc. (Nasdaq: XXII), the only tobacco products company that has for 27 years led and continues to lead the fight against the harms of smoking driven by nicotine addiction, today announced that Larry Firestone, Chief Executive Officer, and Dan Otto, Chief Financial Officer, will present as part of the Emerging Growth Virtual Investor Conference taking place on Wednesday, August 20, 2025. The Company presentation will take place at 1:10 P ...
22nd Century Applauds the American Academy of Family Physicians Comments and Support of the FDA’s Proposed Reduced Nicotine Mandate to Reduce Smoking, Transform Public Health, Save Lives and Reduce Health Costs
GlobeNewswire· 2025-07-29 21:00
Core Viewpoint - 22nd Century Group, Inc. is the only tobacco company authorized by the FDA to produce reduced nicotine content combustible cigarettes, specifically their VLN products, which align with the proposed FDA standard for nicotine yield [1][4]. Group 1: Public Health Impact - Smoking in the U.S. results in over 480,000 deaths and costs more than $600 billion annually, significantly reducing life expectancy by 10 years [2]. - The proposed FDA standard aims to limit nicotine in combusted tobacco products to less than 0.7mg per gram, addressing public health issues related to nicotine addiction [2][9]. Group 2: Industry Position and Product Offering - 22nd Century Group's VLN products contain 95% less nicotine than traditional cigarettes, providing smokers with a familiar alternative that allows for better control over nicotine consumption [6][7]. - The company has developed proprietary non-GMO reduced nicotine tobacco blends through patented technologies, ensuring they hold a unique position in the market with the only low nicotine combustible cigarette in the U.S. and key international markets [7]. Group 3: Support from Medical Community - The American Academy of Family Physicians, representing over 128,300 family physicians, supports the FDA's proposed nicotine yield standard, emphasizing its importance in combating tobacco dependence [3][9].
VLN Commercial Launches Confirm Viability of the FDA's Proposed Reduced Nicotine Mandate
GlobeNewswire News Room· 2025-07-16 21:18
Multiple Tobacco Brands Partnering with 22nd Century to Expand Availability and Awareness of VLN Based Reduced Nicotine Content Products Manufactured in the USA, VLN Products from 22nd Century Provide Clinically Proven Solution to Reduce the Rate and Harms of Smoking MOCKSVILLE, N.C., July 16, 2025 (GLOBE NEWSWIRE) -- 22nd Century Group, Inc. (Nasdaq: XXII), the only tobacco products company that has for 27 years led and continues to lead the fight against the harms of smoking driven by nicotine addiction ...
22nd Century Announces Second Partner VLN Product Deal as Part of Major Pinnacle Brand Expansion Agreement with Top-5 C-Store Chain
Globenewswire· 2025-06-24 13:00
Core Insights - 22nd Century Group, Inc. is launching new Pinnacle VLN and moist snuff products in over 1,700 stores across 27 states, marking a significant expansion in its product offerings [1][2] - The new products include Pinnacle VLN Gold and Menthol VLN cigarettes, which are expected to begin sales in late summer and early fall of 2025 [2][4] - The company aims to leverage its established Pinnacle brand, which has a strong sales track record, to drive success in the new product categories [2][5] Product Launch Details - The launch includes four new Pinnacle SKUs, with two specifically in the low nicotine category [1] - The moist snuff products will feature straight and wintergreen flavors, expected to be available in the second half of 2025 [4] - The manufacturing of these products will utilize proprietary VLN tobacco strains and will be distributed through existing national-scale distribution agreements [5][6] Company Background - 22nd Century Group is recognized as a pioneering nicotine harm reduction company, focusing on enabling smokers to control their nicotine consumption [7] - The flagship VLN cigarette contains 95% less nicotine than traditional cigarettes, providing an alternative for smokers looking to reduce their nicotine intake [8][10] - The company operates a facility in Mocksville, North Carolina, with the capacity to produce over 45 million cartons of combustible tobacco products annually [9]
22nd Century Group (XXII) Conference Transcript
2025-05-21 17:00
22nd Century Group (XXII) Conference May 21, 2025 12:00 PM ET Speaker0 Everyone next we have twenty second Century Group Inc. It trades on the NASDAQ under the symbol XXII and is the pioneering nicotine harm reduction company in the tobacco industry enabling smokers to take control of their nicotine consumption. Happy to welcome back Chairman and CEO, Larry Firestone. Welcome back to the conference today, Larry. Speaker1 Thanks Anna. Thanks for having us back and good morning everyone. So welcome to twenty ...
22nd Century to Present at the Emerging Growth Conference on May 21, 2025
Globenewswire· 2025-05-19 20:15
Core Insights - 22nd Century Group, Inc. is focused on nicotine harm reduction and offers smokers choices regarding their nicotine consumption [3][4] - The company will present a corporate update at the Emerging Growth Conference on May 21, 2025, led by CEO Larry Firestone [1][2] Company Overview - 22nd Century Group is a pioneering company in the tobacco industry, enabling smokers to control their nicotine intake [3] - The flagship product, VLN cigarettes, contains 95% less nicotine than traditional cigarettes and aims to reduce overall nicotine consumption [4][6] Product and Technology - VLN cigarettes are designed to provide an authentic smoking experience while allowing smokers to make informed choices about nicotine levels [4] - The company utilizes patented technologies to create reduced nicotine tobacco blends, ensuring high flavor and yield with significantly lower nicotine content [6] Manufacturing Capabilities - The company operates a 60,000 square foot facility in Mocksville, North Carolina, capable of producing over 45 million cartons of combusted tobacco products annually, with room for expansion [5] - The facility also provides turnkey contract manufacturing for other tobacco brands both domestically and internationally [5]
22nd Century Group Reports First Quarter 2025 Financial Results
Globenewswire· 2025-05-13 10:00
Core Insights - 22nd Century Group, Inc. reported a significant sequential sales increase of approximately 50% in Q1 2025, driven by its growth strategy and new sales activities across various product categories [1][3][6] - The company is preparing for the launch of its first VLN partner brand shipments and has made regulatory filings for new products in all 50 states [1][6] - The financial results indicate a reduction in operating loss and net loss compared to the previous quarter, reflecting improved operational efficiency [6][10] Financial Performance - Net revenues for Q1 2025 reached $6.0 million, up from $4.0 million in Q4 2024, marking a 50% increase [6][10] - Gross profit improved to a loss of $(0.6) million from $(1.3) million, while operating expenses decreased to $2.0 million from $2.8 million [6][10] - The operating loss decreased to $(2.6) million from $(4.1) million, and net loss decreased to $(3.3) million from $(4.2) million [6][10] Product Developments - The company launched VLN Red, expanding its reduced nicotine content product line, which already includes VLN Gold and Green [6][12] - New partner branded VLN products are set to be launched, supported by marketing campaigns to enhance sales volumes [3][6] - Shipments of conventional products under a new agreement with Smoker Friendly have commenced, including the launch of Smoker Friendly Black Label cigarettes [6][12] Debt and Liquidity - As of the end of Q1 2025, the company reported net debt of $3.4 million, down from $4.6 million at the end of the previous quarter [6][12] - The company has successfully reduced its total debt by $3.7 million year-to-date while managing working capital needs [12][33]
22nd Century Group Completes Sale of Needle Rock Farms Assets
Globenewswire· 2025-05-08 21:07
Core Insights - 22nd Century Group, Inc. has successfully closed the sale of its Needle Rock Farms assets, generating net proceeds of approximately $770,000 after expenses, which will enhance its cash position [1][2] - The sale of these unused assets, previously related to the hemp cannabis business, allows the company to redeploy capital into its growth strategies for 2025, which are already showing positive results [2] - The company plans to report its complete first quarter results on May 13, 2025, along with a conference call on the same day [2] Company Overview - 22nd Century Group is a pioneering company in nicotine harm reduction within the tobacco industry, focusing on enabling smokers to control their nicotine consumption [3] - The flagship product, VLN cigarettes, contains 95% less nicotine than traditional cigarettes and has been proven to significantly reduce nicotine consumption [4] - The company operates a 60,000 square foot manufacturing facility in Mocksville, North Carolina, with the capacity to produce over 45 million cartons of combusted tobacco products annually [5] Technology and Innovation - The proprietary reduced nicotine tobacco blends are developed using patented technologies that regulate nicotine biosynthesis in the tobacco plant, ensuring full flavor and high yield with significantly lower nicotine content [6] - The extensive patent portfolio positions the company as the sole provider of low nicotine combustible cigarettes in the United States and key international markets [6]
22nd Century Group Further Reduces Debt by $1.0 Million Following Financing Transaction
Globenewswire· 2025-05-07 12:00
Year to Date Total Debt Reduction of approximately $3.8 Million MOCKSVILLE, N.C., May 07, 2025 (GLOBE NEWSWIRE) -- 22nd Century Group, Inc. (Nasdaq: XXII), a tobacco products company that is leading the fight against nicotine dependence and believes smokers should have a choice about their nicotine consumption, today announced that has repaid an additional $1 million in debt to its senior lender. The Company's total debt principal outstanding now stands at approximately $3.9 million. "Our debt reduction pro ...
22nd Century Revenue Growth from Continued Expansion of CMO Volume with New Filtered Cigar Agreements
Globenewswire· 2025-04-09 12:25
Core Insights - 22nd Century Group, Inc. has announced the execution of two new agreements to supply filtered cigar products, expanding its customer partnerships and production capabilities [1][3][4] Group 1: Business Expansion - The company is increasing production of filtered cigars, with initial shipments expected in Q2 2025, targeting an annual volume of 500,000 cartons or more [2] - The new agreements are designed to provide gross margin and consistent volume, reinforcing the company's core CMO business [3] - These agreements build on previous momentum from Q3 2024, indicating a strategic focus on expanding the footprint of its VLN brand through established retail channels [4] Group 2: Product Offering - The flagship product, VLN cigarettes, contains 95% less nicotine than traditional cigarettes, aiming to help smokers control their nicotine consumption [5][7] - The proprietary reduced nicotine tobacco blends are developed using patented technologies, ensuring a unique position in the market with the only low nicotine combustible cigarette in the U.S. and critical international markets [7] Group 3: Manufacturing Capabilities - The company operates a 60,000 square foot facility in Mocksville, North Carolina, capable of producing over 45 million cartons of combustible tobacco products annually, with room for expansion [6]