XXII News & Events

22nd Century files $250M mixed securities shelf

Reports Q4 revenue $3.54M vs. $4.02M last year. "During 2025, we executed a strategic pivot toward higher-margin branded products, expanded partnerships with established retail chains, and developed a new tobacco harm reduction category, all of which we continue to build upon in 2026," said Larry Firestone, CEO. "Our strategy and business model now enable tobacco companies of any size to adopt a Partner VLN or licensing pathway with speed and scalability...We also made important progress in 2025 to strengthen our financial position as we shifted our focus from restructuring to growth. We exited the year debt-free, with a more efficient operating structure and sufficient capital to support our near-term growth objectives...As we move through 2026, we are executing with a clear strategic growth focus, supported by a strengthened financial and operational foundation. Our priorities include expanding VLN retail distribution and consumer awareness, scaling toward profitability, and maintaining active engagement with FDA regulators and public health stakeholders both domestically and internationally."

22nd Century announced continued early sales momentum for its VLN low nicotine cigarette products in the U.S. market. The company said, "In the fourth quarter of 2025, approximately 8,800 cartons of VLN low nicotine combustible cigarettes were distributed across approximately 1,700 new retail outlets nationwide. Initial sell-through data from participating retailers indicates encouraging early consumer adoption, with adult smokers now purchasing VLN products across all three brand presentations: 22nd Century VLN, Pinnacle VLN, and Smoker Friendly VLN. Smokers seeking greater control over nicotine intake are beginning to incorporate VLN products into their smoking journey, validating the Company's belief that a large, underserved segment of adult smokers is looking for meaningful alternatives. Expanding distribution across multiple classes of trade is central to unlocking this opportunity. By securing placement with large convenience store retailers, national and regional wholesalers, and independent chains, 22nd Century is broadening access, increasing visibility, and strengthening replenishment cycles. This diversified distribution strategy is designed to accelerate awareness, trial, and sustained adoption as retail points of distribution expand."

One analyst estimate $4.05M. The company expects net loss from continuing operations of approximately $2.8M, compared to net loss from continuing operations of $3.8M in the third quarter of 2025. "I am pleased with the steps taken during 2025 including exiting the unprofitable high volume revenues streams to improve our financial footing. We ended the year debt free, with an improved cost efficient operating model and we are well-funded for our near-term needs as we continue transitioning into growth." said Larry Firestone, CEO of 22nd Century Group. As we enter 2026, we do so with a clear strategic focus and a much stronger financial and operational foundation and will begin to see the groundwork laid after our fourth quarter launch of VLN and Partner VLN brands in the market which will begin to take shape in our financial results. Our priorities include expanding VLN product distribution and consumer awareness, continuing disciplined cost management and capital allocation, advancing toward profitability as higher-margin revenues scale. We remain aligned and actively engaged with the FDA and public-health stakeholders that drive health and wellness initiatives for smokers."