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.
22nd Century Group (Nasdaq: XXII) announced the production of the first cartons of VLN® King and VLN® Menthol King Cigarettes for retail sale, marking a significant milestone for the company. The VLN® cigarettes contain 95% less nicotine than leading brands and have received FDA MRTP designation. CEO James A. Mish emphasized the importance of this product in aiding adult smokers to reduce nicotine dependency. The company is also expanding its manufacturing capabilities to support a national launch after the pilot program.
22nd Century Group, Inc. (XXII) has appointed James A. Mish to its Board of Directors, enhancing the board's scientific and commercialization expertise. Mish, who has been CEO since June 2020, brings extensive experience in developing consumer products and navigating regulatory landscapes. His appointment precedes the launch of the company’s reduced nicotine tobacco and modified hemp products. This strategic move aims to strengthen the company's market position during a transformative period and contribute positively to its strategic initiatives.
On January 18, 2022, 22nd Century Group announced that the FDA authorized its VLN® King and VLN® Menthol King cigarettes as the first reduced nicotine content (RNC) cigarettes with a Modified Risk Tobacco Product designation, adding the claim "Helps You Smoke Less" on packaging. A pilot launch with a major retail partner is set for March 2022. This groundbreaking decision could shift the smoking landscape by providing smokers with a viable alternative aimed at reducing nicotine dependence, in a U.S. tobacco market worth around $80 billion.
22nd Century Group, Inc. (Nasdaq: XXII) announced participation in two fireside chat events on January 5, hosted by Alliance Global Partners and Cowen. Management will include CEO James A. Mish and CFO Richard Fitzgerald. The discussions will cover the FDA's recent authorization of the company's VLN® King and VLN® Menthol King reduced nicotine cigarettes as Modified Risk Tobacco Products. VLN® contains 95% less nicotine than conventional cigarettes, aiming to reduce nicotine exposure and dependence among smokers.
22nd Century Group (Nasdaq: XXII) announced that its VLN® King and VLN® Menthol King reduced nicotine content cigarettes received FDA marketing authorization as modified risk tobacco products (MRTPs). VLN® cigarettes contain 95% less nicotine than traditional cigarettes and are aimed at helping smokers reduce nicotine exposure and consumption. The FDA approved claims such as 'Helps you smoke less' and '95% less nicotine.' With 60% of adult smokers expressing interest in trying VLN®, the company plans to launch these products in the U.S. within 90 days and globally by Q1 2022.
22nd Century Group (Nasdaq: XXII), has received FDA MRTP designation for its VLN® cigarettes, the first combustible cigarette to obtain this status. The FDA authorized claims including “Helps you smoke less” and “95% less nicotine.” VLN® is set to launch in the U.S. within 90 days and internationally in Q1 2022. With 60% of adult smokers indicating a willingness to try VLN®, this could significantly transform tobacco use and public health.
Aurora Cannabis (ACB) and 22nd Century Group (XXII) announced a licensing agreement with Cronos Group (CRON) to advance cannabinoid biosynthesis research. This non-exclusive deal aims to enhance the production of rare cannabinoids such as CBG, CBC, and CBN efficiently and with high purity. According to CEO Miguel Martin, the collaboration is a significant step towards commercializing cannabinoid products, which could benefit health and wellness applications. Aurora and 22nd Century also plan to enforce their intellectual property rights against infringements.
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.