22nd Century Group CEO Larry Firestone: Transforming Tobacco Industry with FDA-Approved VLN Brand [Yahoo! Finance]
22nd Century Group, Inc (XXII)
NASDAQ:AMEX Investor Relations:
xxiicentury.com
Company Research
Source: Yahoo! Finance
22nd Century Group is an agricultural biotech firm specializing in tobacco harm reduction and developing low-nicotine content plants for cigarettes. Notably, the company received FDA authorization for modified risk tobacco products in December 2021, with its flagship brand, VLN (Very Low Nicotine), aimed at addressing smoking-related health issues. Firestone emphasized the strategic shift the company is undergoing, which includes streamlining operations, divesting non-core assets such as the hemp cannabis business, and refocusing solely on the tobacco sector. The company's primary goal for 2024 is achieving financial self-sustainability, with a focus on cost optimization, gross margin improvement, and streamlining the overhead structure. 22nd Century Group is also committed to expanding its presence in established markets, particularly in the United States, and delivering its core products. Firestone's leadership will play a crucial role in guiding the company through these tra
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News
- Keynotes, Educational Panels and 96 Companies to Present at the Planet MicroCap Showcase: VEGAS on April 30 - May 2, 2024 at the Paris Hotel & Casino in Las Vegas, NVAccesswire
- 22nd Century Group to Participate in the Planet MicroCap Showcase on May 1-2, 2024 [Yahoo! Finance]Yahoo! Finance
- 22nd Century Group Expands CMO Business with New Pinnacle Brand Cigarillo Products [Yahoo! Finance]Yahoo! Finance
- 22nd Century Announces Plan to Eliminate Its Senior Secured Debt [Yahoo! Finance]Yahoo! Finance
- 22nd Century Group (XXII) Signs Large New CMO Customer [Yahoo! Finance]Yahoo! Finance
XXII
Earnings
- 3/28/24 - Beat
XXII
Sec Filings
- 4/19/24 - Form PRE
- 4/19/24 - Form D
- 4/18/24 - Form 8-K
- XXII's page on the SEC website