22nd Century Group, Inc. Expands Product Offerings 22nd Century Group, Inc. (NASDAQ: $XXII), a leader in nicotine reduction products, has announced a commitment from an existing customer to produce filtered cigars using an in-house blend. Initial shipments are expected in Q4 2024, with annual volumes projected to reach 200,000 cartons.
This deal follows an earlier agreement with the same customer for their export cigarette products, which is expected to increase contract manufacturing volumes by 20%. Production is ramping up and will continue to grow into 2025.
CEO Larry Firestone highlighted that these new contracts will help fully utilize the company’s manufacturing capacity and improve cash flows, contributing to their goal of achieving cash-positive operations by Q1 2025. This expansion marks a significant step in 22nd Century’s broader strategy to grow its contract manufacturing operations profitably.