Smoker Friendly ends 22nd Century (NASDAQ: XXII) tobacco supply pact
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
22nd Century Group, Inc. reported that on July 1, 2026 it received a 180 day termination notice from Smoker Friendly International, LLC under their Master Services Agreement dated January 1, 2025. After this 180 day period, 22nd Century will no longer manufacture cigarette and cigar products for Smoker Friendly.
The termination was made under the Agreement’s termination for convenience clause, and 22nd Century states it will not incur any early termination penalties as a result of this change.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 1.02 — Termination of a Material Definitive Agreement
1 item
Item 1.02
Termination of a Material Definitive Agreement
Business
A significant contract was terminated, which may affect business operations or revenue.
Key Figures
Termination notice date: July 1, 2026
Termination period: 180 days
Agreement effective date: January 1, 2025
+3 more
6 metrics
Termination notice date
July 1, 2026
Date 22nd Century received termination notice from Smoker Friendly
Termination period
180 days
Length of notice period before agreement ends
Agreement effective date
January 1, 2025
Date of Master Services Agreement with Smoker Friendly
Common stock par value
$0.00001 per share
Par value of 22nd Century Group common stock
Commission file number
001-36338
SEC commission file number for 22nd Century Group
Employer Identification Number
98-0468420
IRS Employer Identification Number for 22nd Century Group
Key Terms
Master Services Agreement, termination for convenience, Emerging growth company, Common Stock, $0.00001 par value, +1 more
5 terms
Master Services Agreement financial
"in connection with the Master Services Agreement dated January 1, 2025 including all addendums"
A master services agreement is a standing contract that sets the main terms, responsibilities, pricing framework and processes for future work between two parties, allowing individual projects or orders to be added later without renegotiating core terms. For investors, it signals predictability and reduced legal friction around revenue streams and costs—like a subscription plan for services that makes future income and obligations easier to forecast and value.
termination for convenience financial
"The termination was submitted pursuant to the termination for convenience clause in the Agreement."
Emerging growth company regulatory
"405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Common Stock, $0.00001 par value financial
"Title of each class | | Trading symbol | | Name of each exchange on which registered Common Stock, $0.00001 par value"
Securities Exchange Act of 1934 regulatory
"Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report"
FAQ
What change did 22nd Century Group (XXII) disclose regarding Smoker Friendly?
22nd Century Group disclosed that Smoker Friendly International issued a 180 day termination notice for their Master Services Agreement. After this period, 22nd Century will stop manufacturing cigarette and cigar products for Smoker Friendly under that contract.
When does the Smoker Friendly agreement with 22nd Century Group (XXII) terminate?
The agreement will terminate 180 days after the July 1, 2026 notice from Smoker Friendly International. Once this 180 day termination period expires, 22nd Century will no longer manufacture cigarette and cigar products for Smoker Friendly under the current agreement.
Does 22nd Century Group (XXII) face early termination penalties from Smoker Friendly?
No, 22nd Century Group states it will not incur any early termination penalties from the Smoker Friendly contract termination. The notice was delivered under a termination for convenience clause in the Master Services Agreement dated January 1, 2025.
What contract is being terminated between 22nd Century Group (XXII) and Smoker Friendly?
The contract is a Master Services Agreement dated January 1, 2025, including all addendums and amendments. Under this agreement, 22nd Century manufactured cigarette and cigar products for Smoker Friendly until the 180 day termination period elapses.
Why was the 22nd Century Group (XXII) and Smoker Friendly agreement terminated?
The agreement was terminated under the termination for convenience clause in the Master Services Agreement. Smoker Friendly International provided a 180 day notice on July 1, 2026, allowing it to end the relationship without early termination penalties for 22nd Century Group.