STOCK TITAN

22Nd Century - XXII STOCK NEWS

Welcome to our dedicated page for 22Nd Century news (Ticker: XXII), a resource for investors and traders seeking the latest updates and insights on 22Nd Century stock.

Overview of 22nd Century Group Inc.

22nd Century Group Inc (NASDAQ: XXII) is a United States-based plant biotechnology company with a core mission to reduce the harm associated with traditional tobacco use. Using proprietary genetic engineering and plant breeding techniques, the company employs advanced alkaloid plant technologies to modulate nicotine levels in tobacco, offering products that allow smokers to control their nicotine consumption. Their innovative approach includes both reducing and, in some applications, increasing nicotine and cannabinoid levels, thereby addressing public health concerns while providing authentic alternatives to traditional cigarettes.

Core Technologies and Product Portfolio

The company’s technology platform is founded on the ability to precisely control the biosynthesis of nicotine in tobacco plants. This capability has led to the development of the VLN product line—a series of cigarettes containing significantly lower nicotine levels than conventional products. VLN cigarettes not only offer a familiar smoking experience but also boast an improved nicotine profile with up to 95% less nicotine. The company is recognized for its technological prowess, being the only firm to secure a Modified Risk Tobacco Product (MRTP) authorization from the U.S. FDA for a combustible cigarette. Additionally, their extensive proprietary patent portfolio ensures exclusivity in the market for low-nicotine combustible cigarettes across critical international territories.

Business Model and Revenue Streams

22nd Century primarily earns its revenue from its tobacco segment. The company leverages its vertically integrated production process, which encompasses both in-house manufacturing and contract manufacturing operations (CMO). Through its wholly owned subsidiaries, including specialized units for premium cigarettes and potentially reduced risk tobacco products, 22nd Century not only produces its flagship VLN line but also undertakes turnkey manufacturing for other tobacco brands. This dual approach enhances operational efficiency and capitalizes on economies of scale, enabling the firm to optimize product quality and control throughout its supply chain.

Significance in the Tobacco and Biotechnology Industries

As an innovator in plant biotechnology applied to tobacco harm reduction, 22nd Century occupies a distinctive position in the industry. Its novel approach to reducing nicotine levels—while maintaining the flavor and yield of tobacco plants—addresses a critical public health challenge: the long-standing issue of nicotine addiction. The integration of advanced biotechnological methods with traditional tobacco manufacturing processes sets the company apart from conventional tobacco firms. Moreover, its recent moves into the realm of contract manufacturing further underscore its technical expertise and robust operational capabilities.

Operational Excellence and Market Position

The company’s manufacturing facility in Mocksville, North Carolina, underscores its commitment to operational excellence. This modern, scalable facility is capable of producing a large volume of tobacco products, ensuring that 22nd Century can meet demand both domestically and internationally. Its focus on contract manufacturing, in combination with its proprietary technologies, allows the company to secure multiple revenue streams while maintaining strict quality controls. Through strategic capital allocation, fiscal discipline, and continuous operational improvements, 22nd Century demonstrates an expert understanding of both the biotechnology and tobacco production landscapes.

Commitment to Harm Reduction and Product Innovation

At its heart, 22nd Century is driven by a commitment to public health through harm reduction. By significantly lowering nicotine levels, its products empower smokers to take control of their nicotine consumption and make informed choices that may contribute to improved health outcomes. This mission is reflected in the company’s comprehensive R&D efforts and its ongoing partnerships with research institutions, which further validate the scientific rigor of their innovations. Additionally, the company’s exploration of cannabinoid-level modulation in cannabis reflects its willingness to apply its expertise to a broader range of plant-based products, potentially opening new avenues in health and wellness.

Industry Keywords and Terminology

  • Plant Biotechnology: Utilizing genetic engineering to optimize plants for improved health outcomes.
  • Nicotine Harm Reduction: Developing products that reduce nicotine dependency without compromising the smoking experience.
  • FDA Modified Risk Tobacco Product: A regulatory milestone that validates both the safety and efficacy of innovative tobacco products.

Conclusion

Overall, 22nd Century Group Inc distinguishes itself by merging cutting-edge biotechnology with traditional manufacturing to pioneer safer tobacco products. Its comprehensive approach, which spans from R&D through to large-scale production, makes it a notable entity in both the biotechnology and tobacco industries. Investors and market researchers will find that the company’s innovative technologies, strategic operational advancements, and clear commitment to harm reduction position it as a uniquely informed and operationally robust player in its field.

Rhea-AI Summary

22nd Century Group (NYSE American: XXII) announced a successful cash exercise of warrants resulting in $3.7 million in additional net proceeds, totaling $11.8 million. The completion of this transaction eliminates all outstanding warrants, thereby enhancing its balance sheet. CEO James A. Mish expressed intentions to utilize these funds for growth opportunities in the tobacco and hemp/cannabis sectors, particularly in sales and licensing, contingent on acquiring Modified Risk Tobacco Products (MRTP) authorization for its Very Low Nicotine (VLN) cigarettes.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.96%
Tags
none
-
Rhea-AI Summary

22nd Century Group (XXII) reported steady net sales of $7.3 million for Q4 2020, consistent year-over-year, and a full-year revenue increase of 8.8% to $28.1 million. The gross profit rose significantly, with a margin improvement of 500 basis points. Net loss for Q4 was $(6.4) million, slightly up from the prior year. However, full-year net loss improved by $6.8 million to $(19.7) million. The company is poised to launch its VLN® cigarettes following MRTP authorization from the FDA, aiming to capitalize on new partnerships in the tobacco and hemp/cannabis industries.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
21.62%
Tags
-
Rhea-AI Summary

22nd Century Group, Inc. (NYSE American: XXII) has announced its participation in three investor conferences throughout March 2021. The events include the DA Davidson 4th Annual Consumer Growth Conference on March 11, the 33rd Annual Roth Conference from March 15-17, and the Investor Summit Virtual Conference from March 23-25. Investors can request one-on-one meetings with the management team via conference hosts. The company focuses on tobacco harm reduction and hemp/cannabis research, emphasizing reduced nicotine content tobacco products.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.09%
Tags
conferences
Rhea-AI Summary

22nd Century Group, Inc. (NYSE American: XXII) announced it received net proceeds of $8.1 million from warrants exercised in February and March 2021, enhancing its balance sheet. The company expects an additional $3.7 million if remaining warrants are exercised. CEO James A. Mish stated that the capital will support operations, strategy, and growth initiatives across tobacco and hemp/cannabis sectors. The funds will aid in acquiring Modified Risk Tobacco Products (MRTP) authorization and support research in hemp/cannabis.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.74%
Tags
none
-
Rhea-AI Summary

22nd Century Group, Inc. (XXII) has secured an exclusive agreement with CannaMetrix, LLC to utilize their proprietary CannaMetrix EC50Array™ technology. This partnership aims to expedite the commercialization of innovative hemp/cannabis plant lines, reducing development time from over ten years to just two. The company has now established four out of five key partnerships needed for the cannabinoid value chain, focusing on plant profiling, biotechnology, cultivation, and extraction. This move aligns with its strategy to advance the hemp/cannabis industry significantly.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-17.94%
Tags
none
-
Rhea-AI Summary

22nd Century Group (NYSE American: XXII) will host a live webcast on March 11, 2020, at 8:00 a.m. EST to discuss its fourth quarter and full-year 2020 results. The company will issue its results at 7:00 a.m. the same day. CEO James A. Mish and other executives will provide insights on 2020 performance, future milestones, and market opportunities in the $800 billion tobacco and hemp/cannabis sectors. An interactive Q&A will follow the presentation. Access to the webcast is available on the company’s investor relations page.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.75%
Tags
conferences
Rhea-AI Summary

22nd Century Group is focused on tobacco harm reduction and hemp/cannabis research. The company reported a 343% stock increase to $3.82 as of February 23, 2021, highlighting its MRTP application for VLN® reduced nicotine cigarettes, which if approved, could position it as the only company with a MRTP designation for combustible cigarettes. The company is also advancing its cannabis strategy by developing new hemp varieties through molecular breeding technology, capitalizing on a projected $39.1 billion North American cannabis market by 2025.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.71%
Tags
none
-
Rhea-AI Summary

22nd Century Group (NYSE American: XXII) announced a breakthrough in plant biotechnology allowing rapid identification of valuable traits in hemp/cannabis. Collaborating with KeyGene, the new platform accelerates development time and enhances breeding techniques, aiming for exponential revenue growth by licensing to partners. The platform can identify genetic markers with over 99.6% accuracy, targeting therapeutic cannabinoids like CBD. The company's strategy shift focuses on upstream segments of the cannabinoid value chain.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.43%
Tags
none
-
Rhea-AI Summary

22nd Century Group, Inc. (NYSE American: XXII) announced its headquarters relocation to the Larkinville District in Buffalo, NY. The move, set for March 2021, aims to enhance organizational efficiency and talent retention. The company is also awaiting FDA authorization for its Modified Risk Tobacco application for VLN® cigarettes, which contain 95% less nicotine than regular cigarettes. The anticipated growth in hemp/cannabis markets and a new franchise will require the expanded headquarters, indicating a potentially pivotal year for the company.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.19%
Tags
none
Rhea-AI Summary

22nd Century Group advocates for FDA regulation of nicotine levels in cigarettes to reduce addiction and save lives. CEO James A. Mish emphasizes that lowering nicotine can lead to over 8 million fewer deaths by century’s end. The proposal aligns with the FDA's prior plans to combat smoking-related diseases, which result in over 480,000 deaths annually in the U.S., costing $300 billion in healthcare. The company urges Congress to support this vital public health initiative.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.27%
Tags
none

FAQ

What is the current stock price of 22Nd Century (XXII)?

The current stock price of 22Nd Century (XXII) is $1.05 as of April 4, 2025.

What is the market cap of 22Nd Century (XXII)?

The market cap of 22Nd Century (XXII) is approximately 2.6M.

What is the primary mission of 22nd Century Group Inc.?

The company is dedicated to reducing the harm caused by smoking by developing tobacco products with significantly reduced nicotine levels through advanced plant biotechnology.

How does 22nd Century achieve nicotine reduction in its products?

22nd Century uses proprietary genetic engineering and plant breeding techniques to precisely regulate nicotine biosynthesis, enabling the production of reduced nicotine tobacco products without compromising flavor.

What distinguishes 22nd Century's VLN cigarettes in the market?

VLN cigarettes are notable for containing up to 95% less nicotine than conventional cigarettes and for being the first combustible cigarette to receive FDA Modified Risk Tobacco Product authorization.

What are the key revenue streams for 22nd Century?

The company primarily generates revenue from its tobacco segment through the commercialization of reduced nicotine products and by leveraging its contract manufacturing operations.

How does the company ensure product quality and scalability?

22nd Century operates a state-of-the-art manufacturing facility with significant production capacity and maintains stringent quality controls throughout its vertically integrated supply chain.

What role do the subsidiaries play in the overall business model?

Subsidiaries like Goodrich Tobacco and Hercules Pharmaceuticals focus on premium cigarettes, potentially reduced risk products, and other tobacco-related manufacturing, thereby broadening the company's market reach and operational efficiency.

Does the company have any involvement in cannabis technology?

Yes, aside from its work with tobacco, 22nd Century’s technology also enables the adjustment of cannabinoid levels in cannabis, illustrating its broader expertise in plant biotechnology.

How does 22nd Century manage its research and development initiatives?

The company invests in comprehensive R&D and collaborates with research institutions to continue innovating its plant biotechnology platforms, ensuring that its products are both scientifically validated and industry compliant.
22Nd Century

NYSE:XXII

XXII Rankings

XXII Stock Data

2.59M
2.09M
41.08%
10.28%
13.02%
Tobacco
Cigarettes
Link
United States
WILLIAMSVILLE