NDAQ:XXII - Post Discussion
Post by
lelianicruz on Sep 24, 2024 7:23am
22nd Century Group Expands Market Reach
22nd Century Group, Inc. (NASDAQ: $XXII) has secured a new customer agreement to supply Moonlight cigarettes to Southeast Asia. This move is expected to increase factory volumes by over 30% when fully scaled, with the first shipment anticipated in Q4 2024 and further expansions throughout 2025.
Larry Firestone, Chairman and CEO, emphasized the strategic advantage of leveraging in-house brand assets in a region with a robust smoking culture. The company also plans to deploy additional brands and collaborate on reduced nicotine products globally, including recent launches in South Korea.
The flagship VLN® cigarette is the only combustible cigarette designated by the FDA to help reduce smoking rates, containing 95% less nicotine. 22nd Century focuses on harm reduction, enabling smokers to manage their nicotine consumption effectively.
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