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.
22nd Century Group Inc. develops and commercializes reduced-nicotine tobacco products built on proprietary plant biotechnology. Its VLN® combustible cigarette products use low-nicotine tobacco and are described in company materials as FDA-authorized reduced nicotine cigarettes in the United States. Company updates commonly address VLN retail distribution, state authorizations, PMTA-related product expansion, licensing strategy, tobacco-variety research and engagement with FDA and public-health stakeholders.
News also covers operating results for the tobacco business, including branded VLN products, contract manufacturing volumes, filtered cigars and other distributed tobacco products. Recent company reporting frames results around commercial expansion, cost management, higher-margin branded products and the completed exit from the hemp/cannabis business.
22nd Century Group, Inc. (NYSE American: XXII) is urging the FDA to expedite its Comprehensive Plan on Tobacco and Nicotine Regulation to mandate lower nicotine levels in cigarettes. The company highlights the urgent need for such reforms, citing that smoking causes nearly 500,000 deaths annually in the U.S. The ongoing COVID-19 pandemic emphasizes the critical importance of respiratory health. John Pritchard, the company's VP of regulatory science, stresses that products developed by 22nd Century can help reduce addiction and improve public health, yet authorization delays hinder their potential impact.
22nd Century Group will have its CEO, James A. Mish, participate in a panel at the Cowen 2020 Boston Cannabis Conference on December 2, 2020, focusing on innovations in tobacco and cannabis industries. The panel, moderated by Vivien Azer, will discuss the impact of the election, COVID-19, and current industry trends. One-on-one meetings with investors will occur from November 30 to December 2, 2020. The company aims to reduce smoking harm through reduced nicotine content tobacco products and advance hemp/cannabis research.
22nd Century Group (NYSE American: XXII) announced its participation in the Virtual Fall Investor Summit from November 16-18, 2020. The company will present on November 17 at 4:30 p.m. ET. Investors can access the live webcast and presentation through the Investors section of its website. The archived replay will be available after the event. 22nd Century focuses on tobacco harm reduction and hemp/cannabis research.
22nd Century Group (XXII) is committed to reducing smoking harm by securing Modified Risk Tobacco Product (MRTP) authorization from the FDA for its VLN® cigarette, which contains 95% less nicotine than major brands. The company plans to launch VLN® within 90 days of receiving authorization, supported by new patents improving genetic control over nicotine levels. Net sales rose 13.1% year-over-year to $7.3 million, with operating loss improving by $3.6 million. 22nd Century's cash position stands at $26.8 million, indicating strong liquidity for future operations.
22nd Century Group (NYSE American: XXII) will host a live audio webcast on November 5, 2020, at 8:00 a.m. EST to discuss its 2020 third quarter results, which will be released at 7:00 a.m. EST that day. CEO James A. Mish and other executives will outline a new strategic plan focusing on innovation, growth opportunities, and company re-alignment. A Q&A session will follow, allowing analysts and investors to interact directly. The webcast will be available on the Company’s Investor Relations page, with an archived replay accessible post-event.
22nd Century Group, Inc. (NYSE American: XXII) announced participation in the FDA’s Tobacco and Nicotine Products Regulation Conference, highlighting advancements in reduced nicotine technology.
Mitchell R. Zeller from the FDA will discuss the Comprehensive Plan on October 21, 2020, while 22nd Century's regulatory VP, John Pritchard, will speak on nicotine and harm reduction on October 22, 2020. Pritchard emphasized that limiting nicotine could help 5 million adult smokers quit within a year and save over 8 million lives by century's end. The company aims to support the FDA's efforts in reducing nicotine standards across the tobacco industry.
22nd Century Group has been awarded a new U.S. patent (No. 10,669,552) allowing precise genetic control over nicotine levels in various tobacco plant varieties. This technology can facilitate the introduction of very low nicotine traits into multiple tobacco types, supporting the FDA’s plan to limit nicotine content in cigarettes. The company is also preparing to launch its VLN® cigarettes, which contain 95% less nicotine than traditional cigarettes, pending FDA approval. This innovation aligns with their mission to reduce smoking harm and disrupt the $100 billion U.S. tobacco market.
22nd Century Group (NYSE American: XXII) reported an update from CEO James A. Mish, emphasizing the urgency of their Modified Risk Tobacco Product (MRTP) application with the FDA for their VLN® reduced nicotine cigarettes. The company is optimistic about receiving authorization, which could significantly boost market value by capturing just 0.25% of the U.S. tobacco market, potentially leading to a 5-10x increase in market capitalization. Additionally, the firm aims to advance its hemp/cannabis technology while holding over 200 patents.
22nd Century Group (NYSE American: XXII) has appointed Dr. Michael Koganov to its Board of Directors, enhancing the company's leadership in plant biotechnology. Dr. Koganov will chair the Scientific and Technical Advisory Committee and join the Finance Committee. He brings significant expertise in developing natural plant-based technologies, with a history of success in the life sciences sector. His appointment is expected to strengthen 22nd Century's strategic initiatives and R&D efforts, especially as the company focuses on innovative solutions in the tobacco and cannabis markets.
22nd Century Group (NYSE American: XXII) will present at the LD Micro 500 Virtual Conference on September 3, 2020, at 4:20 p.m. ET. The executive team will be available for one-on-one meetings with investors on September 3 and 4. A live webcast will be accessible on the company’s Investors webpage, with archived replays available post-event. The company specializes in plant-based biotechnology and has innovative products, such as reduced nicotine tobacco. Their expertise extends to developing unique varieties in hemp and cannabis, holding over 200 patents.