MRTP

22nd Century Group Enters into Agreement to Sell Hemp/Cannabis Franchise

Retrieved on: 
Monday, November 27, 2023
Sale, VLN, FDA, Nicotine, Health, Procurement, MRTP, GVB, Insurance, Century, Bank

The parties will equally share liabilities related to any GVB entities not part of the transaction, subject to certain conditions.

Key Points: 
  • The parties will equally share liabilities related to any GVB entities not part of the transaction, subject to certain conditions.
  • The Company plans to use the proceeds from the sale to further deleverage its balance sheet.
  • “The sale of our hemp/cannabis franchise will immediately and materially further reduce the cash and operating demands within our business,” stated John Miller, interim Chief Executive Officer of 22nd Century.
  • We expect this transaction will substantially lower 22nd Century’s operating expenses beyond the previously announced $15 million in cost savings initiatives on an annual basis.

22nd Century Group (XXII) Expands Reduced Nicotine Content Tobacco IP with Latest Technology License

Retrieved on: 
Tuesday, November 7, 2023
FDA, Patent, Health, Smoke, Smoking, GMO, Century, Pacific Century Group, North Carolina State University, Public, Smoker, Nicotine, IP, Heated tobacco product, MRTP, Tobacco

BUFFALO, N.Y., Nov. 07, 2023 (GLOBE NEWSWIRE) -- 22nd Century Group, Inc. (Nasdaq: XXII ), a leading biotechnology company focused on utilizing advanced plant technologies to improve health and wellness with reduced nicotine tobacco, hemp/cannabis, and hops, today announced the signing of an additional reduced nicotine content technology license with North Carolina State University.

Key Points: 
  • BUFFALO, N.Y., Nov. 07, 2023 (GLOBE NEWSWIRE) -- 22nd Century Group, Inc. (Nasdaq: XXII ), a leading biotechnology company focused on utilizing advanced plant technologies to improve health and wellness with reduced nicotine tobacco, hemp/cannabis, and hops, today announced the signing of an additional reduced nicotine content technology license with North Carolina State University.
  • The latest license provides additional modes of efficiently producing reduced nicotine content tobacco plants, extending 22nd Century’s already extensive IP portfolio.
  • The license will provide 22nd Century Group exclusive rights to the technology until 2042.
  • “This latest license further enhances and expands on our capabilities to produce reduced nicotine content tobacco plants as we work to bring these innovative products to market for the betterment of public health, including by enhancing our capability to produce reduced nicotine content tobacco plants suitable for international markets that are opposed to genetically modified plants.”
    Under terms of the exclusive license, 22nd Century will have full use of the patent rights and plant materials to develop and commercialize reduced nicotine content tobacco using this latest non-GMO technology, which further enables worldwide marketability of the Company’s VLN® reduced nicotine content products.

22nd Century Group (XXII) Reports Third Quarter 2023 Financial Results

Retrieved on: 
Monday, November 6, 2023
Adjustment, FDA, Research, Biomass, Health, EBITDA, XXII, OMB, Smoking, Death, Tobacco, Century, VLN, Office of Management and Budget, Disease, Pacific Century Group, Marketing, Interim, TD, Public, Smoker, Table, Nicotine, Management, Menthol, MRTP, Insurance, Rare-earth element, Video game, Pharmaceutical industry, Drug, Music, CBD

Sales of VLN were modest in the quarter as the brand is still largely unknown to our target market and our marketing capabilities are limited given our current financial condition,” said John Miller, Interim Chief Executive Officer of 22nd Century Group.

Key Points: 
  • Sales of VLN were modest in the quarter as the brand is still largely unknown to our target market and our marketing capabilities are limited given our current financial condition,” said John Miller, Interim Chief Executive Officer of 22nd Century Group.
  • Gross profit for the third quarter of 2023 was $(2.0) million, as compared to $0.6 million in the prior year period.
  • Adjusted EBITDA posted a third quarter of 2023 loss of $11.2 million, compared to the prior year period loss of $11.0 million, and compared to second quarter of 2023 of $16.0 million.
  • In light of the ongoing strategic alternatives process, as previously disclosed, 22nd Century Group, Inc. will not be holding a conference call event in conjunction with its third-quarter results report.

22nd Century Group (XXII) Adds 1,200 Drug Store Locations Selling VLN® in Five States

Retrieved on: 
Tuesday, September 12, 2023
Smoke, VLN, Smoker, Modified risk tobacco product, Nicotine, MRTP, Locator, Pacific Century Group, Sale, Century, XXII, Health, FDA, Smoking, Disease, Tobacco, Online shopping

With this most recent addition, VLN® is available in more than 4,000 stores across 16 states, compared with approximately 1,100 stores at July 1.

Key Points: 
  • With this most recent addition, VLN® is available in more than 4,000 stores across 16 states, compared with approximately 1,100 stores at July 1.
  • “We are excited to launch the first drug store chain selling our FDA authorized VLN® tobacco harm reduction products, adding 1,200 stores across five key state markets to our growing roster of convenience store points of sale,” stated John Miller, interim Chief Executive Officer of 22nd Century Group.
  • 22nd Century Group’s VLN® brand cigarettes are the first and only combustible cigarettes that the FDA has authorized as Modified Risk Tobacco Products (MRTP).
  • To inform adult smokers of the product’s distinctive purpose, the FDA requires 22nd Century to include the statement “Helps You Smoke Less” on every package of VLN® sold.

New to The Street TV Announces Episode 491 with its Five Business Guest Interviews, Airs on FOX Business Network, Tonight, July 24, 2023, at 10:30 PM PT

Retrieved on: 
Monday, July 24, 2023
Smoke, Sustainability, Travel, Marketing, Fox Business, Corporate governance, MRTP, Tobacco, Vegetable, Wood, Brain, Soil, VRM, Stone Brewing Co., Management, Erectile dysfunction, Transport, Men's Health, Wellness, Telehealth, Business development, Interview, Pacific Century Group, Nicotine, Masa, Gene editing, Go Man Go (radio show), Administration, Coffee, Climate, OEM, FDA, Smoking, COVID-19, Health, Business, Street, Original equipment manufacturer, Carbon, Water, Biophysical environment, Pour-over will, VLN, Tobacco industry, Nutrient, Electric vehicle, Mango, OTCQX, Golf, XXII, LSEV, Television, Vanish

New to The Street's TV episode 491 will air the following five (5) business interviews:

Key Points: 
  • New to The Street's TV episode 491 will air the following five (5) business interviews:
    1).
  • Sustainable Solutions - The Sustainable Green Team, Ltd.'s (OTCQX: SGTM) ($SGTM) interview with Brian Rivera, Director of Administration, and Brain Meier, Chief Operating Officer.
  • The AYRO Vanish utility vehicle is a lightweight product for moving cargo and supplies on resorts, campuses, and other last-mile applications.
  • Kyle tells viewers that Vanish is a high-quality, dependable LSEV with a maximum speed of 25 MPH.

A Cigarette to Help Californians Smoke Less: 22nd Century Group, Inc. Launches Reduced Nicotine VLN® King Cigarettes in California, VLN Will Be Sold at #1 U.S. Convenience Store Chain and Other Responsible Retail Locations

Retrieved on: 
Monday, July 17, 2023
Smoker, Nicotine, Food and Drug Administration, California Department, MRTP, Research, Tobacco, History, Pacific Century Group, California Department of Public Health, Center for Tobacco Products, Public health, Smoke, XXII, FDA, Georgia Alcohol and Tobacco Division, Death, Smoking, First Ever, Biotechnology

VLN® King cigarettes have made history by receiving U.S. Food & Drug Administration (FDA) approval as a modified risk tobacco product (MRTP).

Key Points: 
  • VLN® King cigarettes have made history by receiving U.S. Food & Drug Administration (FDA) approval as a modified risk tobacco product (MRTP).
  • Having options like these products authorized today, which contain less nicotine and are reasonably likely to reduce nicotine dependence, may help adult smokers.
  • Research conducted in 20181 highlighted the significant benefits experienced by smokers who transitioned to reduced nicotine content cigarettes.
  • “VLN® cigarettes are clinically proven to help adult smokers smoke less and cut back on their nicotine intake,” said Calvin Treat, 22nd Century Group, Inc., Chief Scientific Officer.

New to The Street TV Announces Episode 488 with its Five Business Guest Interviews, Airs as Sponsored Programming on Bloomberg TV, Tonight, July 13, 2023, at 9:30 PM PT

Retrieved on: 
Thursday, July 13, 2023
Sustainability, Travel, OCLN, Corporate governance, MRTP, Tobacco, Wood, Stone Brewing Co., Management, Interview, Nicotine, Masa, Water, OTCQB, Administration, Coffee, Growth, FDA, Smoking, COVID-19, Street, Running, Biophysical environment, Pour-over will, Workforce, VLN, Bloomberg Television, Tobacco industry, Pacific Century Group, OTC, OTCQX, XXII, Health, Television, Cryptocurrency

New to The Street's TV episode 488 will air the following five (5) business interviews:

Key Points: 
  • New to The Street's TV episode 488 will air the following five (5) business interviews:
    2).
  • Sustainable Solutions - The Sustainable Green Team, Ltd.'s (OTCQX: SGTM) ($SGTM) interview with Brian Rivera, Director of Administration, and Brain Meier, Chief Operating Officer.
  • Unfortunately, because of COVID-19 in 2020, Management could not "Ring" the trading bell, but they did the ceremony now.
  • Also, NUZE just entered a business relationship with Stone Brewing , a large US beer Company in the US.

22nd Century Group (XXII) VLN® Products Now Selling in Montana C-Stores

Retrieved on: 
Thursday, July 13, 2023
Smoke, VLN, Smoker, Modified risk tobacco product, Nicotine, MRTP, Locator, Pacific Century Group, Town Pump, Century, XXII, Heated tobacco product, Health, FDA, Smoking, Regulation of tobacco by the U.S. Food and Drug Administration, Food, Tobacco

BUFFALO, N.Y., July 13, 2023 (GLOBE NEWSWIRE) -- 22nd Century Group, Inc. (Nasdaq: XXII), a leading biotechnology company focused on utilizing advanced plant technologies to improve health and wellness with reduced nicotine tobacco, hemp/cannabis and hops, today announced its VLN® reduced nicotine content cigarettes are selling robustly in more than 80 Town Pump convenience-stores (c-stores) across the state of Montana.

Key Points: 
  • “Launching VLN® statewide with Town Pump, the #1 c-store in the state, is a big win for adult smokers in Montana seeking an effective solution to break the chains of nicotine addiction,” stated John Miller, president of tobacco products for 22nd Century Group.
  • We are excited VLN will be available in dedicated partners such as Town Pump stores given their reputation for providing customers with excellence.
  • Reduced nicotine content cigarettes, such as VLN®, have been studied extensively by federal health agencies, documenting their ability to help smokers smoke less.
  • To inform adult smokers of the product's distinctive purpose, the FDA requires 22nd Century to include the statement "Helps You Smoke Less" on every package of VLN® sold.

New to The Street to Feature 22nd Century Group, Inc. Across its Linear Television Platforms

Retrieved on: 
Wednesday, July 12, 2023
Series, Bloomberg Television, Nicotine, Interview, Atmosphere, Fox Business, MRTP, Tobacco, IP, Pacific Century Group, XXII, Health, FDA, Smoking, Social media, Television, Newsmax, Street

Broadcasted shows will stream on the New to The Street website, www.newtothestreet.com .

Key Points: 
  • Broadcasted shows will stream on the New to The Street website, www.newtothestreet.com .
  • New to The Street will provide social media marketing to further the reach of each broadcast.
  • The TV show's host Jane King will interview key management leaders at 22nd Century Group.
  • Vince Caruso, Founder and CEO of FMW Media and Producer of New to The Street, stated, "I am excited to have 22nd Century Group and their team on the show.

VLN® Products Launch in Nevada to Help Smokers Smoke Less

Retrieved on: 
Wednesday, June 21, 2023
Smoke, Smoker, Modified risk tobacco product, Nicotine, Terrible Herbst, MRTP, Research, Pacific Century Group, Century, XXII, Heated tobacco product, Health, FDA, Smoking, Disease, Tobacco

BUFFALO, N.Y., June 21, 2023 (GLOBE NEWSWIRE) -- 22nd Century Group, Inc. (Nasdaq: XXII), a leading biotechnology company dedicated to improving health with reduced nicotine tobacco, hemp/cannabis and hops advanced plant technologies, today announced its FDA authorized VLN® reduced nicotine content cigarettes are now available in approximately 200 Las Vegas area Terrible Herbst and Speedee Mart convenience-stores (c-stores).

Key Points: 
  • “At Terrible’s, we’re known for being ‘a deliberately different convenience store’,” said Mark Walters, Vice President, Purchasing & Sales of Terrible’s.
  • “The Nevada launch is off to a fast start as we continue to scale availability with major retail chains like Terrible’s and Speedee.
  • Reduced nicotine content cigarettes, such as VLN®, have been studied extensively by federal health agencies, documenting their ability to help smokers smoke less.
  • To inform adult smokers of the product's distinctive purpose, the FDA requires 22nd Century to include the statement "Helps You Smoke Less" on every package of VLN® sold.