Welcome to our dedicated page for 22Nd Century news (Ticker: XXII), a resource for investors and traders seeking the latest updates and insights on 22Nd Century stock.
News for 22nd Century Group, Inc. (Nasdaq: XXII) centers on its role in tobacco harm reduction, regulatory developments, capital structure actions and the commercialization of its VLN® reduced nicotine cigarette platform. Company announcements frequently highlight progress in expanding VLN® and partner VLN® distribution across additional U.S. states and retail chains, including launches with major convenience store operators and authorizations in a large majority of states.
Investors following XXII news will see updates on VLN® regulatory milestones, such as the original FDA Modified Risk Tobacco Product authorization, the filing of the VLN® MRTP renewal application, and the company’s public support for the FDA’s proposed Tobacco Product Standard for Nicotine Yield of Cigarettes and Certain Other Combusted Tobacco Products. Releases also discuss clinical research findings related to very low nicotine content cigarettes, including reductions in daily cigarette consumption and increased quit attempts among smokers using 95% reduced nicotine VLN® products.
Another recurring theme in 22nd Century’s news is financial and corporate developments. The company reports on balance sheet changes such as repayment and termination of senior secured debt, settlement of insurance claims related to prior facility incidents, and the use of non-dilutive cash proceeds as growth capital. News items also cover equity and preferred stock financings, at-the-market offering arrangements, and proposals for reverse stock splits and other shareholder approvals under Nasdaq Listing Rules.
In addition, XXII news includes corporate governance and investor relations events, such as participation in investor conferences, quarterly earnings webcasts, and shareholder letters reviewing strategic progress. For readers tracking the intersection of tobacco regulation, reduced nicotine technology and public company capital markets activity, the XXII news feed provides ongoing context on how 22nd Century is executing its harm reduction-focused strategy.
The New Zealand Ministry of Health has announced a reduced nicotine mandate by 2025 as part of its Smokefree Aotearoa 2025 Action Plan. 22nd Century Group (Nasdaq: XXII) supports this initiative, preparing to supply reduced nicotine content (RNC) cigarettes that contain 95% less nicotine than conventional options. The company's VLN® cigarettes align with the government’s goal to reduce smoking prevalence, particularly among vulnerable communities. Additionally, 22nd Century aims to launch VLN® sales internationally in early 2022, enhancing its market position to cater to growing public health demands.
22nd Century Group, Inc. (Nasdaq: XXII) announced the appointment of Richard Fitzgerald as Chief Financial Officer effective November 15, 2021. He succeeds John Franzino, who transitions to Chief Administrative Officer, focusing on enhancing business processes. CEO James A. Mish emphasized the critical timing for leadership expansion amid the upcoming MRTP authorization and international launch of the VLN® product. Fitzgerald brings substantial experience in IP and technology licensing, aiming to leverage this for the company's growth across its plant franchises, including tobacco, hemp/cannabis, and hops.
22nd Century Group (Nasdaq: XXII) expresses strong support for Dr. Robert Califf’s nomination as FDA Commissioner. Califf, a proponent of tobacco control, emphasizes a nicotine cap as a crucial priority for public health. The company’s reduced nicotine cigarette, VLN®, aligns with FDA's proposed nicotine mandate, which could significantly assist over five million smokers in quitting within the first year. With MRTP designation for VLN® being a top priority, the company is poised for a U.S. launch within 90 days post-approval, aiming for international expansion in early 2022.
22nd Century Group (Nasdaq: XXII) announced its participation in two virtual investor conferences in November 2021. The first event is the Inaugural Roth Capital Partners AgTech Answers Virtual Event on November 16, allowing meetings with company representatives. The second event is the Cowen 4th Annual Cannabis Conference on November 30, featuring a panel discussion titled 'Creative Cannabis Exposure.' Interested attendees can request meetings through the respective conference hosts or the company's investor relations team.
22nd Century Group (Nasdaq: XXII) reported third-quarter 2021 net sales of $7.8 million, up 6.9% year-over-year, driven by increased contract manufacturing. The company holds a strong cash position of $55.2 million as of September 30, 2021. After a successful October 14 meeting with the FDA, confidence in obtaining MRTP authorization for its VLN® reduced nicotine cigarettes is at an all-time high. Plans include monetizing hemp/cannabis lines starting Q4 2021 and launching a new hops franchise, expanding its addressable market to $1.3 trillion.
22nd Century Group, trading as XXII, will host a live webcast on November 4, 2021, at 10:00 AM ET to discuss its third quarter 2021 results. The report will be released at 6:00 AM ET on the same day. CEO James A. Mish, COO Michael Zercher, and CFO John Franzino will review performance and progress across the company’s three franchises. Following their presentation, a Q&A session will allow analysts and stakeholders to ask questions. Access the webcast and related materials on the company’s investor relations website.
22nd Century Group (Nasdaq: XXII) commends the FDA for its recent actions supporting reduced nicotine alternatives, affirming its commitment to public health. The company’s VP of Regulatory Science, John Pritchard, is set to speak at the FDLI Tobacco and Nicotine Products Regulation and Policy Conference on October 27, 2021. The FDA's Comprehensive Plan aims to lower nicotine in all cigarettes to non-addictive levels. 22nd Century’s VLN® cigarettes contain significantly less nicotine and could greatly impact smoking cessation efforts, potentially saving millions of lives.
22nd Century Group (Nasdaq: XXII) will participate in the Benzinga Rising Stars: Catalytic Small Cap Growth Conference on October 7, 2021. The presentation, led by CEO James A. Mish, will commence at 12:15 PM ET and can be viewed on Benzinga’s live stream channel or on the Company's Investor Relations website.
The focus will be on the Company’s advancements in plant biotechnology, particularly in tobacco, hemp/cannabis, and hops, aimed at improving health and wellness through innovative plant science.
22nd Century Group (Nasdaq: XXII), an innovative biotechnology firm focused on plant sciences, announced its participation in various virtual investor conferences in September and October 2021. Key events include a fireside chat at the BTIG Cannabis Conference on September 29, a presentation at the LD Micro Main Event on October 12, and participation in the Dawson James Small Cap Conference on October 21. CEO James A. Mish will outline business development efforts, including plans for commercialization of VLN® reduced nicotine cigarettes and proprietary hemp/cannabis initiatives.
22nd Century Group (Nasdaq: XXII) announced its entry into the global specialty hops market, marking its third plant franchise, as detailed in a shareholder update from CEO James A. Mish. The company is establishing a new subsidiary in the Netherlands to capitalize on opportunities in this market, which has an estimated $1.3 trillion total addressable market. The company aims to use its expertise in plant science and advanced breeding technologies to accelerate the commercialization of proprietary hop plants, enhancing products in the brewing and nutraceutical industries.
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