$XXII:Expands Product Line with Filtered Cigars 22nd Century Group, Inc. (NASDAQ: XXII), a pioneering tobacco products company, has announced a significant expansion of its Contract Manufacturing Organization (CMO) business. An existing customer has committed to supplying filtered cigar products, further solidifying the company’s position in the market.
Under this new agreement, 22nd Century will take over the production of all filtered cigar products for this customer, utilizing an in-house predicate blend to maintain quality and consistency. Initial shipments are projected for the fourth quarter of 2024, with expected annual volumes reaching 200,000 cartons or more.
Earlier this year, 22nd Century also secured a deal with the same customer to produce conventional cigarettes for export. This agreement is anticipated to contribute an additional 20% to the overall CMO business volumes. Production under this contract is ramping up steadily, with significant increases expected through the remainder of 2024 and into 2025.
These developments reflect 22nd Century’s ongoing commitment to providing smokers with options for reduced nicotine consumption while enhancing profitability through strategic partnerships in the tobacco industry.