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Consumer Defensive - Tobacco - NASDAQ - US
$ 0.0921
-2.85 %
$ 4.27 M
Market Cap
0.0
P/E
1. INTRINSIC VALUE

22nd Century Group, Inc., an agricultural biotechnology company, focuses on tobacco harm reduction, reduced nicotine tobacco, and enhancing health and wellness through plant science for the life science and consumer products industries. It develops very low nicotine content tobacco and cigarette products under the VLN King and VLN Menthol King names; and SPECTRUM research cigarettes for use in independent clinical studies. The company has collaboration with Keygene N.V. to develop hemp/cannabis plants for exceptional cannabinoid profiles and other superior agronomic traits for medical, therapeutic, and agricultural uses, as well as other applications. 22nd Century Group, Inc. was founded in 1998 and is headquartered in Buffalo, New York.[ Read More ]

The intrinsic value of one XXII stock under the base case scenario is HIDDEN Compared to the current market price of 0.0921 USD, 22nd Century Group, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart XXII

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FINANCIALS
32.2 M REVENUE
-48.15%
-44.9 M OPERATING INCOME
21.32%
-141 M NET INCOME
-135.41%
-55 M OPERATING CASH FLOW
-6.33%
16.8 M INVESTING CASH FLOW
-25.52%
37.2 M FINANCING CASH FLOW
20.73%
5.95 M REVENUE
-25.18%
-3.38 M OPERATING INCOME
-64.97%
-2.94 M NET INCOME
-32.97%
-2.98 M OPERATING CASH FLOW
36.86%
-70 K INVESTING CASH FLOW
-9.38%
7.11 M FINANCING CASH FLOW
56.55%
Balance Sheet Decomposition 22nd Century Group, Inc.
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Current Assets 16.3 M
Cash & Short-Term Investments 2.06 M
Receivables 1.67 M
Other Current Assets 12.5 M
Non-Current Assets 11.2 M
Long-Term Investments 0
PP&E 5.29 M
Other Non-Current Assets 5.94 M
Current Liabilities 25 M
Accounts Payable 4.44 M
Short-Term Debt 6.85 M
Other Current Liabilities 13.7 M
Non-Current Liabilities 10.9 M
Long-Term Debt 9.76 M
Other Non-Current Liabilities 1.12 M
EFFICIENCY
Earnings Waterfall 22nd Century Group, Inc.
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Revenue 32.2 M
Cost Of Revenue 40.9 M
Gross Profit -8.7 M
Operating Expenses 36.2 M
Operating Income -44.9 M
Other Expenses 95.8 M
Net Income -141 M
RATIOS
-27.00% GROSS MARGIN
-27.00%
-139.52% OPERATING MARGIN
-139.52%
-437.14% NET MARGIN
-437.14%
1673.90% ROE
1673.90%
-511.85% ROA
-511.85%
-717.22% ROIC
-717.22%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis 22nd Century Group, Inc.
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Net Income -141 M
Depreciation & Amortization 4.86 M
Capital Expenditures -5.62 M
Stock-Based Compensation 2.68 M
Change in Working Capital -1.74 M
Others 79 M
Free Cash Flow -60.6 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets 22nd Century Group, Inc.
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XXII has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
141.87% DIVIDEND YIELD
0 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership 22nd Century Group, Inc.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
10.5 K USD 1
0-3 MONTHS
9.83 K USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
34.8 K USD 2
9-12 MONTHS
Date Value Insider Amount Avg Price
2 months ago
Sep 12, 2024
Bought 10.5 K USD
FIRESTONE LAWRENCE
Chief Executive Officer
+ 39000
0.2684 USD
5 months ago
May 30, 2024
Bought 9.83 K USD
FIRESTONE LAWRENCE
Chief Executive Officer
+ 9000
1.0921 USD
10 months ago
Jan 05, 2024
Bought 17.5 K USD
Arno Andrew
Director
+ 100000
0.1749 USD
10 months ago
Jan 04, 2024
Bought 17.4 K USD
FIRESTONE LAWRENCE
Chief Executive Officer
+ 100000
0.1736 USD
2 years ago
Aug 31, 2022
Sell 501 K USD
ZERCHER MICHAEL
President and COO
- 370789
1.35 USD
2 years ago
Jun 14, 2022
Sell 34.4 K USD
FRANZINO JOHN
Chief Administrative Officer
- 20324
1.6947 USD
2 years ago
Dec 14, 2021
Sell 50 K USD
ZERCHER MICHAEL
President and COO
- 23147
2.1617 USD
3 years ago
Sep 30, 2021
Bought 57.6 K USD
MISH JAMES A
Chief Executive Officer
+ 20000
2.88 USD
3 years ago
Jun 10, 2021
Sell 598 K USD
FLEET CLIFFORD B
Director
- 125000
4.78 USD
3 years ago
Mar 31, 2021
Bought 48.4 K USD
MISH JAMES A
Chief Executive Officer
+ 15000
3.23 USD
3 years ago
Mar 31, 2021
Bought 48.4 K USD
MISH JAMES A
Chief Executive Officer
+ 15000
3.23 USD
3 years ago
Mar 17, 2021
Sell 128 K USD
SANDERS RICHARD M.
Director
- 47227
2.72 USD
3 years ago
Mar 16, 2021
Bought 150 K USD
O'BRIEN ROGER D
Director
+ 52400
2.86 USD
4 years ago
Nov 17, 2020
Bought 92.8 K USD
MISH JAMES A
Chief Executive Officer
+ 100000
0.928 USD
4 years ago
Jun 29, 2020
Bought 17.2 K USD
SULLIVAN NORA B
Director
+ 22000
0.78 USD
4 years ago
Jun 05, 2020
Bought 24.6 K USD
SULLIVAN NORA B
Director
+ 29953
0.82 USD
4 years ago
Jun 04, 2020
Bought 58.7 K USD
SULLIVAN NORA B
Director
+ 71372
0.8219 USD
5 years ago
Aug 27, 2019
Bought 141 K USD
FLEET CLIFFORD B
President and CEO
+ 75000
1.8773 USD
5 years ago
Aug 26, 2019
Bought 49.2 K USD
FLEET CLIFFORD B
President and CEO
+ 25000
1.97 USD
5 years ago
Jun 17, 2019
Sell 101 K USD
JAMES THOMAS L.
VP, General Counsel & Sec'y.
- 48000
2.1083 USD
6 years ago
Jun 29, 2018
Sell 122 K USD
JAMES THOMAS L.
VP, General Counsel & Sec'y.
- 50000
2.4385 USD
7 years ago
Sep 29, 2017
Sell 133 K USD
Moynihan Michael Robert
Vice President of R&D
- 50000
2.6655 USD
7 years ago
Jul 31, 2017
Sell 59.1 K USD
Moynihan Michael Robert
Vice President of R&D
- 29532
2 USD
7 years ago
Jun 08, 2017
Sell 40.9 K USD
Moynihan Michael Robert
Vice President of R&D
- 20468
2 USD
8 years ago
Oct 31, 2016
Sell 128 K USD
Moynihan Michael Robert
Vice President of R&D
- 100000
1.2806 USD
8 years ago
Mar 29, 2016
Bought 9.6 K USD
BRODFUEHRER JOHN T
CFO & Treasurer
+ 12500
0.7676 USD
9 years ago
Nov 02, 2015
Sell 43.3 K USD
Moynihan Michael Robert
Vice President of R&D
- 31060
1.3926 USD
9 years ago
Nov 03, 2015
Sell 27 K USD
Moynihan Michael Robert
Vice President of R&D
- 18940
1.4232 USD
9 years ago
Jun 29, 2015
Sell 21.2 K USD
Pandolfino Joseph
- 21000
1.01 USD
9 years ago
Jun 30, 2015
Sell 65.4 K USD
Pandolfino Joseph
- 70178
0.932 USD
9 years ago
Dec 29, 2014
Sell 45.7 K USD
Pandolfino Joseph
- 29124
1.57 USD
9 years ago
Dec 30, 2014
Sell 29.7 K USD
Pandolfino Joseph
- 18100
1.64 USD
9 years ago
Dec 31, 2014
Sell 98.4 K USD
Pandolfino Joseph
- 57900
1.7 USD
9 years ago
Dec 23, 2014
Sell 3.2 USD
Pandolfino Joseph
- 2
1.6 USD
9 years ago
Dec 24, 2014
Sell 23.6 K USD
Pandolfino Joseph
- 15300
1.54 USD
9 years ago
Dec 26, 2014
Sell 40.7 K USD
Pandolfino Joseph
- 26420
1.54 USD
9 years ago
Dec 18, 2014
Sell 15.6 K USD
Pandolfino Joseph
- 9600
1.62 USD
9 years ago
Dec 19, 2014
Sell 37.6 K USD
Pandolfino Joseph
- 23500
1.6 USD
9 years ago
Dec 22, 2014
Sell 30.9 K USD
Pandolfino Joseph
- 19583
1.58 USD
9 years ago
Dec 15, 2014
Sell 11 K USD
Pandolfino Joseph
director, 10 percent owner:
- 6841
1.61 USD
9 years ago
Dec 16, 2014
Sell 34.2 K USD
Pandolfino Joseph
director, 10 percent owner:
- 21627
1.58 USD
9 years ago
Dec 17, 2014
Sell 77.6 K USD
Pandolfino Joseph
director, 10 percent owner:
- 47300
1.64 USD
9 years ago
Dec 09, 2014
Sell 83.9 K USD
Pandolfino Joseph
director, 10 percent owner:
- 51462
1.63 USD
9 years ago
Dec 10, 2014
Sell 12.8 K USD
Pandolfino Joseph
director, 10 percent owner:
- 7474
1.71 USD
9 years ago
Dec 11, 2014
Sell 15.2 K USD
Pandolfino Joseph
director, 10 percent owner:
- 8900
1.71 USD
10 years ago
May 09, 2014
Bought 44.7 K USD
SANDERS RICHARD M.
Director
+ 20000
2.2328 USD
10 years ago
Apr 21, 2014
Sell 119 K USD
Moynihan Michael Robert
Vice President of R&D
- 46500
2.5556 USD
10 years ago
Apr 22, 2014
Sell 69.4 K USD
Moynihan Michael Robert
Vice President of R&D
- 29500
2.3522 USD
10 years ago
Apr 23, 2014
Sell 55.5 K USD
Moynihan Michael Robert
Vice President of R&D
- 24000
2.3105 USD
10 years ago
Mar 10, 2014
Sell 393 K USD
Pandolfino Joseph
Chief Executive Officer
- 65000
6.04 USD
10 years ago
Mar 12, 2014
Sell 152 K USD
Pandolfino Joseph
Chief Executive Officer
- 30000
5.05 USD
10 years ago
Dec 10, 2013
Sell 15.5 K USD
SAFFIRE RICHARD G
10 percent owner
- 10000
1.55 USD
10 years ago
Dec 10, 2013
Sell 15.5 K USD
Clearwater Partners, LLC
10 percent owner
- 10000
1.55 USD
10 years ago
Dec 09, 2013
Sell 1.45 K USD
Moynihan Michael Robert
Vice President of R&D
- 1000
1.45 USD
10 years ago
Dec 09, 2013
Sell 14.7 K USD
Moynihan Michael Robert
Vice President of R&D
- 10000
1.47 USD
10 years ago
Dec 09, 2013
Sell 5.92 K USD
Moynihan Michael Robert
Vice President of R&D
- 4000
1.48 USD
10 years ago
Dec 02, 2013
Sell 9.68 K USD
SAFFIRE RICHARD G
10 percent owner
- 7173
1.35 USD
10 years ago
Dec 03, 2013
Sell 3.82 K USD
SAFFIRE RICHARD G
10 percent owner
- 2827
1.35 USD
10 years ago
Dec 02, 2013
Sell 9.68 K USD
Clearwater Partners, LLC
10 percent owner
- 7173
1.35 USD
10 years ago
Dec 03, 2013
Sell 3.82 K USD
Clearwater Partners, LLC
10 percent owner
- 2827
1.35 USD
10 years ago
Nov 21, 2013
Bought 5.9 K USD
BRODFUEHRER JOHN T
CFO & Treasurer
+ 5000
1.18 USD
10 years ago
Nov 21, 2013
Bought 3.57 K USD
BRODFUEHRER JOHN T
CFO & Treasurer
+ 3000
1.19 USD
10 years ago
Nov 21, 2013
Bought 2.28 K USD
BRODFUEHRER JOHN T
CFO & Treasurer
+ 2000
1.14 USD
11 years ago
Nov 18, 2013
Sell 10 K USD
SAFFIRE RICHARD G
10 percent owner
- 10000
1 USD
11 years ago
Nov 18, 2013
Sell 4.26 K USD
SAFFIRE RICHARD G
10 percent owner
- 4174
1.02 USD
11 years ago
Nov 19, 2013
Sell 18.4 K USD
SAFFIRE RICHARD G
10 percent owner
- 15900
1.16 USD
11 years ago
Nov 18, 2013
Sell 10 K USD
Clearwater Partners, LLC
10 percent owner
- 10000
1 USD
11 years ago
Nov 18, 2013
Sell 4.26 K USD
Clearwater Partners, LLC
10 percent owner
- 4174
1.02 USD
11 years ago
Nov 19, 2013
Sell 18.4 K USD
Clearwater Partners, LLC
10 percent owner
- 15900
1.16 USD
11 years ago
Nov 12, 2013
Sell 6.65 K USD
SAFFIRE RICHARD G
10 percent owner
- 7000
0.95 USD
11 years ago
Nov 13, 2013
Sell 4.92 K USD
SAFFIRE RICHARD G
10 percent owner
- 4826
1.02 USD
11 years ago
Nov 12, 2013
Sell 6.65 K USD
Clearwater Partners, LLC
10 percent owner
- 7000
0.95 USD
11 years ago
Nov 13, 2013
Sell 4.92 K USD
Clearwater Partners, LLC
10 percent owner
- 4826
1.02 USD
11 years ago
Nov 07, 2013
Sell 116 USD
SAFFIRE RICHARD G
10 percent owner
- 100
1.16 USD
11 years ago
Nov 11, 2013
Sell 7.21 K USD
SAFFIRE RICHARD G
10 percent owner
- 7000
1.03 USD
11 years ago
Nov 07, 2013
Sell 116 USD
Clearwater Partners, LLC
10 percent owner
- 100
1.16 USD
11 years ago
Nov 11, 2013
Sell 7.21 K USD
Clearwater Partners, LLC
10 percent owner
- 7000
1.03 USD
11 years ago
Nov 06, 2013
Sell 4.64 K USD
SAFFIRE RICHARD G
10 percent owner
- 4000
1.16 USD
11 years ago
Nov 07, 2013
Sell 5.7 K USD
SAFFIRE RICHARD G
10 percent owner
- 5000
1.14 USD
11 years ago
Nov 06, 2013
Sell 4.64 K USD
Clearwater Partners, LLC
10 percent owner
- 4000
1.16 USD
11 years ago
Nov 07, 2013
Sell 5.7 K USD
Clearwater Partners, LLC
10 percent owner
- 5000
1.14 USD
11 years ago
Oct 18, 2013
Sell 68 K USD
Dunn Joseph A
Director
- 60000
1.1329 USD
11 years ago
Aug 13, 2013
Sell 5.2 K USD
Moynihan Michael Robert
Vice President of R&D
- 5000
1.04 USD
11 years ago
Aug 13, 2013
Sell 4.57 K USD
Moynihan Michael Robert
Vice President of R&D
- 4315
1.06 USD
11 years ago
Aug 14, 2013
Sell 2.12 K USD
Moynihan Michael Robert
Vice President of R&D
- 2000
1.06 USD
11 years ago
Aug 14, 2013
Sell 3.94 K USD
Moynihan Michael Robert
Vice President of R&D
- 3685
1.07 USD
11 years ago
Jun 25, 2013
Sell 71.8 K USD
Pandolfino Joseph
Chief Executive Officer
- 102600
0.7 USD
11 years ago
Jun 26, 2013
Sell 24.5 K USD
Pandolfino Joseph
Chief Executive Officer
- 35000
0.7 USD
11 years ago
Jun 27, 2013
Sell 42.6 K USD
Pandolfino Joseph
Chief Executive Officer
- 60000
0.71 USD
11 years ago
May 17, 2013
Sell 2.95 K USD
Moynihan Michael Robert
Vice President of R&D
- 5000
0.59 USD
11 years ago
May 20, 2013
Sell 3 K USD
Moynihan Michael Robert
Vice President of R&D
- 5000
0.6 USD
11 years ago
May 21, 2013
Sell 3 K USD
Moynihan Michael Robert
Vice President of R&D
- 5000
0.6 USD
11 years ago
Mar 28, 2013
Sell 4 K USD
Moynihan Michael Robert
Vice President of R&D
- 5000
0.8 USD
11 years ago
Mar 26, 2013
Sell 4.15 K USD
Moynihan Michael Robert
Vice President of R&D
- 5000
0.83 USD
11 years ago
Mar 27, 2013
Sell 4 K USD
Moynihan Michael Robert
Vice President of R&D
- 4500
0.888 USD
11 years ago
Mar 27, 2013
Sell 455 USD
Moynihan Michael Robert
Vice President of R&D
- 500
0.91 USD
11 years ago
Nov 26, 2012
Bought 16 K USD
SICIGNANO HENRY III
CFO, President, Secretary
+ 100000
0.16 USD
11 years ago
Nov 26, 2012
Bought 17 K USD
SICIGNANO HENRY III
CFO, President, Secretary
+ 100000
0.17 USD
12 years ago
Nov 19, 2012
Bought 8.8 K USD
SICIGNANO HENRY III
CFO, President, Secretary
+ 40000
0.22 USD
12 years ago
Nov 19, 2012
Sell 8.8 K USD
Moynihan Michael Robert
Vice President of R&D
- 40000
0.22 USD
12 years ago
Nov 09, 2012
Bought 150 K USD
SICIGNANO HENRY III
CFO, President, Secretary
+ 600000
0.25 USD
12 years ago
Nov 09, 2012
Bought 300 K USD
SICIGNANO HENRY III
CFO, President, Secretary
+ 300000
1 USD
12 years ago
Nov 09, 2012
Bought 120 K USD
Pandolfino Joseph
Chief Executive Officer
+ 480000
0.25 USD
12 years ago
Nov 09, 2012
Bought 240 K USD
Pandolfino Joseph
Chief Executive Officer
+ 240000
1 USD
12 years ago
Nov 09, 2012
Bought 15 K USD
Cornell James W
Director
+ 60000
0.25 USD
12 years ago
Nov 09, 2012
Bought 30 K USD
Cornell James W
Director
+ 30000
1 USD
12 years ago
Nov 09, 2012
Bought 15 K USD
Dunn Joseph A
Director
+ 60000
0.25 USD
12 years ago
Nov 09, 2012
Bought 30 K USD
Dunn Joseph A
Director
+ 30000
1 USD
12 years ago
Aug 27, 2012
Sell 5.02 K USD
Pandolfino Joseph
Chief Executive Officer
- 20100
0.25 USD
12 years ago
Aug 28, 2012
Sell 5.5 K USD
Pandolfino Joseph
Chief Executive Officer
- 22000
0.25 USD
12 years ago
Aug 29, 2012
Sell 37.5 K USD
Pandolfino Joseph
Chief Executive Officer
- 150000
0.25 USD
12 years ago
Aug 30, 2012
Sell 1.5 K USD
Pandolfino Joseph
Chief Executive Officer
- 5000
0.3 USD
12 years ago
Aug 28, 2012
Bought 1.88 K USD
SICIGNANO HENRY III
President, Secretary
+ 7500
0.25 USD
12 years ago
Aug 27, 2012
Bought 1.28 K USD
SICIGNANO HENRY III
President, Secretary
+ 5100
0.25 USD
12 years ago
Aug 20, 2012
Bought 2.48 K USD
SICIGNANO HENRY III
President, Secretary
+ 9900
0.25 USD
12 years ago
Aug 21, 2012
Sell 25 USD
Moynihan Michael Robert
Vice President of R&D
- 100
0.25 USD
12 years ago
Aug 21, 2012
Sell 1.4 K USD
Moynihan Michael Robert
Vice President of R&D
- 5000
0.28 USD
12 years ago
Aug 22, 2012
Sell 5.11 K USD
Moynihan Michael Robert
Vice President of R&D
- 14605
0.35 USD
12 years ago
Aug 22, 2012
Sell 88.5 USD
Moynihan Michael Robert
Vice President of R&D
- 295
0.3 USD
12 years ago
May 15, 2012
Bought 90 K USD
Moynihan Michael Robert
Vice President of R&D
+ 150000
0.6 USD
12 years ago
May 15, 2012
Bought 150 K USD
Moynihan Michael Robert
Vice President of R&D
+ 150000
1 USD
12 years ago
May 15, 2012
Bought 7.2 K USD
RIDER CHARLES ANTHONY
CFO and Treasurer
+ 12000
0.6 USD
12 years ago
May 15, 2012
Bought 12 K USD
SICIGNANO HENRY III
President, Secretary
+ 20000
0.6 USD
12 years ago
May 15, 2012
Bought 20 K USD
SICIGNANO HENRY III
President, Secretary
+ 20000
1 USD
12 years ago
May 15, 2012
Bought 7.2 K USD
Pandolfino Joseph
Chief Executive Officer
+ 12000
0.6 USD
12 years ago
May 15, 2012
Bought 12 K USD
Pandolfino Joseph
Chief Executive Officer
+ 12000
1 USD
13 years ago
Nov 17, 2011
Bought 100 K USD
TOMASELLO ANGELO J
10 percent owner
+ 143000
0.7 USD
13 years ago
Nov 17, 2011
Sell 100 K USD
Pandolfino Joseph
Chief Executive Officer
- 143000
0.7 USD
13 years ago
Sep 21, 2011
Bought 7.8 K USD
TOMASELLO ANGELO J
10 percent owner
+ 10000
0.78 USD
13 years ago
Jun 07, 2011
Bought 113 K USD
SICIGNANO HENRY III
President, Secretary
+ 110000
1.03 USD
13 years ago
May 31, 2011
Bought 2.44 K USD
SICIGNANO HENRY III
President, Secretary
+ 2000
1.22 USD
13 years ago
May 26, 2011
Bought 1.15 K USD
SICIGNANO HENRY III
President, Secretary
+ 1000
1.15 USD
13 years ago
Apr 11, 2011
Bought 6.25 K USD
SICIGNANO HENRY III
President, Secretary
+ 5000
1.25 USD
13 years ago
May 03, 2011
Bought 3.75 K USD
SICIGNANO HENRY III
President, Secretary
+ 3000
1.25 USD
13 years ago
Apr 04, 2011
Bought 1.8 K USD
SICIGNANO HENRY III
President, Secretary
+ 1500
1.2 USD
13 years ago
Jun 07, 2011
Sell 113 K USD
Pandolfino Joseph
Chief Executive Officer
- 110000
1.03 USD
7. News
22nd Century Group Reports Third Quarter 2024 Financial Results Remains on Path to Cash Positive Operations in Q1 2025 Commencing Growth Strategy Leveraging Both Internal and External Brand Assets Across Multiple Categories Mocksville, North Carolina--(Newsfile Corp. - November 12, 2024) - 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 results for the third quarter ended September 30, 2024, and provided an update on recent business highlights. Third Quarter 2024 Financial Results (compared to Second Quarter 2024, except as noted) All figures reported below reflect continuing operations, excluding discontinued operations related to the sale and exit of the Company's hemp/cannabis business in late 2023. newsfilecorp.com - 5 days ago
22nd Century Group (XXII) to Announce Third Quarter 2024 Results on November 12, 2024 Mocksville, North Carolina--(Newsfile Corp. - November 7, 2024) - 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, will host a webcast on Wednesday, November 12, 2024, at 8:00 AM ET to discuss its 2024 third quarter results, which are to be reported in a press release at 6:00 AM ET the same day. During the webcast, Larry Firestone, chairman and chief executive officer, and Dan Otto, chief financial officer, will review financial results and discuss progress made in the recent months. newsfilecorp.com - 1 week ago
22nd Century Group to Present at the LD Micro Main Event XVII on October 30 in Los Angeles Mocksville, North Carolina--(Newsfile Corp. - October 21, 2024) - 22nd Century Group, Inc. (NASDAQ: XXII), a tobacco products company that is leading the fight against nicotine and believes smokers should have a choice about their nicotine consumption, today announced that it will be presenting at the LD Micro Main Event XVII investor conference to be held October 28-30, 2024 in Los Angeles. As part of the conference, the Company will conduct a group presentation at 3:30 pm Pacific Time on Wednesday, October 30, 2024. newsfilecorp.com - 3 weeks ago
22nd Century Regains Compliance with Nasdaq Stockholders' Equity Requirement Mocksville, North Carolina--(Newsfile Corp. - October 8, 2024) - 22nd Century Group, Inc. (NASDAQ: XXII), a tobacco products company that is leading the fight against nicotine and believes smokers should have a choice about their nicotine consumption, today announced that it has received formal written notice from The Nasdaq Stock Market LLC ("Nasdaq") that the Company has regained compliance with the minimum stockholders' equity requirement as set forth in Nasdaq Listing Rule 5550(b)(1) (the "Equity Rule"). This confirmation follows the Company's successful efforts to improve its balance sheet and liquidity by completing new equity offerings, while reducing outstanding liabilities and debt through various forms of settlement with creditors. newsfilecorp.com - 1 month ago
22nd Century Continues CMO Business Expansion with Additional Filtered Cigar Volume CMO customer adds to previously announced cigarette export business with combined volume significantly adding to profitability Mocksville, North Carolina--(Newsfile Corp. - September 25, 2024) - 22nd Century Group, Inc. (NASDAQ: XXII), a tobacco products company that is leading the fight against nicotine and believes smokers should have a choice about their nicotine consumption, today announced a commitment from an existing customer to also supply their filtered cigar products. As part of this customer relationship, 22nd Century Group will assume production of all the customer's filtered cigar products using an in-house predicate blend. newsfilecorp.com - 1 month ago
22nd Century Announces New Branded Products Order with Customer for Southeast Asia New Customer for 22nd Century's Internally Owned Moonlight Brand Could Increase Factory Volumes by More Than 30% When Fully Scaled, Improve Gross Profit Profile Mocksville, North Carolina--(Newsfile Corp. - September 23, 2024) - 22nd Century Group, Inc. (NASDAQ: XXII), a tobacco products company that is leading the fight against nicotine and believes smokers should have a choice about their nicotine consumption, today announced a new customer agreement to supply its Moonlight branded cigarettes to the Southeast Asia marketplace. The first shipment is expected in the fourth quarter of 2024, with the opportunity to significantly expand volumes as the customer launches in key markets throughout 2025. newsfilecorp.com - 1 month ago
22nd Century Updates Strategic Growth Initiatives for VLN Low nicotine tobacco stock on hand can supply up to $85.0 million worth of VLN® revenue and positive cash flow Plans announced for VLN® targeted distribution and expansion to reach over 270,000 retail outlets, expanded international activity, and flanker VLN® brands with existing CMO private label customers Mocksville, North Carolina--(Newsfile Corp. - September 11, 2024) - 22nd Century Group, Inc. (NASDAQ: XXII), a tobacco products company that is leading the fight against nicotine and believes smokers should have a choice about their nicotine consumption, today announced plans to expand distribution of its VLN® 95% reduced nicotine content smoking products. Based on recent consumer point-of-sale data on VLN® sales, the Company is now moving to expand its sales and marketing operations to all available retail outlets in the US as well as growing its distributions worldwide. newsfilecorp.com - 2 months ago
22nd Century Satisfies IP Licensing and Sponsored Research Obligations to NCSU Through 2025 in an Equity Transaction Mocksville, North Carolina--(Newsfile Corp. - September 9, 2024) - 22nd Century Group, Inc. (NASDAQ: XXII), a tobacco products company leading the fight against nicotine addiction with its FDA authorized 95% less nicotine brand VLN®, today announced an agreement to fund all intellectual property, licensing and sponsored research payments to North Carolina State University through 2025 in equity as part of a deal valued at over $1.2 million. The payments will occur over the course of three tranches, in equity or cash, at the company's election. newsfilecorp.com - 2 months ago
22nd Century Group to Participate in the HC Wainwright Conference on September 10, 2024 Mocksville, North Carolina--(Newsfile Corp. - September 6, 2024) - 22nd Century Group, Inc. (Nasdaq: XXII), a tobacco products company leading the fight against nicotine with its 95% less nicotine brand VLN® focused on nicotine harm reduction and contract manufacturing, today announced that it will participate in the HC Wainwright Conference on September 10, 2024 at the Lotte New York Palace Hotel. Investors can register and request meetings with management via their HC Wainwright representative. newsfilecorp.com - 2 months ago
22nd Century Raises $1.68 Million in Regulation A Offering, Amends Senior Secured Credit Facility Mocksville, North Carolina--(Newsfile Corp. - August 28, 2024) - 22nd Century Group, Inc. (NASDAQ: XXII), a tobacco products company focused on nicotine harm reduction and contract manufacturing, today announced that it has secured an additional $1.68 million in gross proceeds from institutional investors through its Regulation A offering priced at $0.57 and from a separate private placement of common warrants. The Company also entered into an amendment to its existing debentures held by JGB Partners and related entities ("JGB"). newsfilecorp.com - 2 months ago
22nd Century Group to Participate in the Emerging Growth Virtual Conference on August 21, 2024 Mocksville, North Carolina--(Newsfile Corp. - August 20, 2024) - 22nd Century Group, Inc. (NASDAQ: XXII), a tobacco products company focused on nicotine harm reduction and contract manufacturing, today announced that it will provide a brief corporate update as part of the Emerging Growth Virtual Conference on Wednesday, August 21, 2024 at 4:25 PM Eastern Time. To access the live presentation, please use the events link online at https://ir.xxiicentury.com/. newsfilecorp.com - 2 months ago
22nd Century Group Reports Second Quarter 2024 Financial Results Path to Cash Positive Operations in Q1 2025; Continued Fiscal Discipline with 2Q24 Financial Results; Reduced Net Debt by ~$6.3 Million Year-to-Date Mocksville, North Carolina--(Newsfile Corp. - August 13, 2024) - 22nd Century Group, Inc. (NASDAQ: XXII) today announced results for the second quarter ended June 30, 2024, and provided an update on recent business highlights. Second Quarter 2024 Financial Results (compared to First Quarter 2024, except as noted) All figures reported below reflect continuing operations, excluding discontinued operations related to the sale and exit of the Company's hemp/cannabis franchise in late 2023. newsfilecorp.com - 3 months ago
8. Profile Summary

22nd Century Group, Inc. XXII

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COUNTRY US
INDUSTRY Tobacco
MARKET CAP $ 4.27 M
Dividend Yield 141.87%
Description 22nd Century Group, Inc., an agricultural biotechnology company, focuses on tobacco harm reduction, reduced nicotine tobacco, and enhancing health and wellness through plant science for the life science and consumer products industries. It develops very low nicotine content tobacco and cigarette products under the VLN King and VLN Menthol King names; and SPECTRUM research cigarettes for use in independent clinical studies. The company has collaboration with Keygene N.V. to develop hemp/cannabis plants for exceptional cannabinoid profiles and other superior agronomic traits for medical, therapeutic, and agricultural uses, as well as other applications. 22nd Century Group, Inc. was founded in 1998 and is headquartered in Buffalo, New York.
Contact 500 Seneca Street, Buffalo, NY, 14204 https://www.xxiicentury.com
IPO Date Jan. 26, 2011
Employees 64
Officers Matthew Kreps Investor Relations Mr. Daniel A. Otto Chief Financial Officer & Principal Accounting Officer Mr. Scott Marion Vice President of Operations Mr. Jonathan Staffeldt General Counsel & Secretary Mr. Robert P. Manfredonia Executive Vice President of Sales and Marketing Mr. James C. Morrison Technical Advisor & Regulatory Affairs Consultant Mr. Lawrence D. Firestone President, Chief Executive Officer & Chairman