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22nd Century Group Inc XXII

22nd Century Group, Inc. is an agricultural biotechnology company. The Company is focused on tobacco harm reduction, reduced nicotine tobacco and improving health and wellness through plant science. Additionally, the Company provide contract manufacturing services for conventional combustible tobacco products for third-party brands. The Company operates through a single segment named Tobacco. Its tobacco segment is engaged in contract manufacturing organization (CMO) customer contracts that consist of obligations to manufacture the customers' branded filtered cigars and cigarettes. The tobacco segment is engaged in the sale of its reduced nicotine content (RNC) cigarettes, sold under the brand name VLN, or research cigarettes sold under the brand name SPECTRUM. It uses plant breeding technologies, including genetic engineering, gene-editing, and molecular breeding to deliver solutions for the life science and consumer products.


NDAQ:XXII - Post by User

Post by martelon Sep 26, 2024 9:39am
16 Views
Post# 36241959

22nd Century Group (XXII): Pioneering the Future of Tobacco

22nd Century Group (XXII): Pioneering the Future of Tobacco

22nd Century Group, Inc. (XXII) is rapidly establishing itself as a leader in the tobacco industry with its innovative Very Low Nicotine (VLN) product line. Currently distributed at over 5,100 retail locations, the company's growth trajectory is impressive, and plans for expansion into new states are underway. This strategic distribution network positions $XXII to capture a larger share of the evolving market.

The flagship VLN® cigarettes have gained significant recognition, being the world’s first combustible cigarettes to receive the Modified Risk Tobacco Product (MRTP) designation from the U.S. Food and Drug Administration (FDA). This groundbreaking achievement not only underscores XXII's commitment to harm reduction but also highlights its potential to transform the smoking experience for consumers.

With a focus on developing safer smoking alternatives, XXII is poised for profitability as it aims to reach its financial goals in Q1 of 2025. As the tobacco landscape continues to shift towards reduced harm products, 22nd Century Group stands at the forefront, ready to lead the charge in providing innovative solutions that align with consumer demand for safer options. Investing in XXII represents an opportunity to be part of a transformative journey in the tobacco industry.

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