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22nd Century Reports Expanded State Authorization Progress to Sell VLN®, Partner VLN® and Conventional Products
GlobeNewswire News Room· 2025-07-17 21:00
State Authorizations Mean Even More Adult Smokers Will Be Able to Purchase VLN®, Partner VLN®, Smoker Friendly and Pinnacle Products MOCKSVILLE, N.C., July 17, 2025 (GLOBE NEWSWIRE) -- 22nd Century Group, Inc. (Nasdaq: XXII), today announced a significant increase in state authorizations for the sale of its growing portfolio of both proprietary and contract manufactured products. The increase in state authorizations enables new sales activity and new product launches for 22nd Century’s proprietary VLN® red ...
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 Operation 100 – A 100mm VLN® Cigarette Designed to Reach Even More Adult Smokers Who Want to Reduce Their Nicotine Consumption
GlobeNewswire News Room· 2025-06-26 12:00
100mm Cigarettes Comprise Approximately Half the U.S. Market, Giving Even More Smokers a Familiar Choice as They Seek Ways to Change Their Smoking Behavior First FDA Submission Planned for Q4 2025 MOCKSVILLE, N.C.,, June 26, 2025 (GLOBE NEWSWIRE) -- 22nd Century Group, Inc. (Nasdaq: XXII), the only tobacco products company that is leading the fight against nicotine by offering smokers a choice about their nicotine consumption, today announced the advancement of a 100mm VLN® reduced nicotine content cigarett ...
Emerging Growth Research Releases Q1 2025 Update Report on 22nd Century Group
Newsfile· 2025-05-21 13:00
Core Insights - Emerging Growth Research released a quarterly update report on 22nd Century Group, highlighting operational progress and a positive financial outlook for 2025 [1][4] Financial Performance - 22nd Century Group reported Q1 2025 revenue of $6.0 million, an 8% decrease year-over-year from $6.5 million in Q1 2024, but a significant 48% increase compared to $4.0 million in Q4 2024 [3][8] - Gross profit improved to $(0.6) million in Q1 2025 from $(1.3) million in Q4 2024 [8] - Operating loss narrowed to $(2.6) million from $(4.4) million in Q1 2024 [8] - EBITDA improved to $(2.5) million from $(4.2) million in Q1 2024 [8] Debt and Cash Position - The company's cash position strengthened following a Q2 2025 partial warrant inducement that generated $5.4 million in gross proceeds, with $1.0 million used to repay debt [5] - Total debt reduced to approximately $3 million as of May 7, 2025, resulting in a net cash positive position [5][8] - Management anticipates sufficient cash reserves to maintain operations through year-end 2025 [5] Product Development and Market Position - The VLN® cigarettes, which contain 95% less nicotine than conventional cigarettes, are gaining traction in the marketplace [6] - Management estimates that only 223,000 VLN® cartons are needed to reach profit breakeven, indicating significant growth potential [6] - The company plans to launch additional products, including VLN® SKUs within private label CMO customer brand families [7]
22nd Century CEO & Chairman Larry Firestone Provides Corporate Update Letter to Stockholders
Newsfilter· 2025-04-08 12:00
Corporate Update Letter Highlights Plans to Begin Profitable Growth Phase in 2025 on Expansion of Rebranded VLN® Cigarette Products MOCKSVILLE, N.C., April 08, 2025 (GLOBE NEWSWIRE) -- 22nd Century Group, Inc. (NASDAQ:XXII), a tobacco products company that is leading the fight against nicotine by offering smokers a choice about their nicotine consumption, today issued the following letter to stockholders from Larry Firestone, the Chief Executive Officer of 22nd Century Group, Inc.: A Letter to Our Sharehold ...