{"id":959449,"date":"2026-05-07T06:03:26","date_gmt":"2026-05-07T10:03:26","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/22nd-century-group-reports-first-quarter-2026-financial-results\/"},"modified":"2026-05-07T06:03:26","modified_gmt":"2026-05-07T10:03:26","slug":"22nd-century-group-reports-first-quarter-2026-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/22nd-century-group-reports-first-quarter-2026-financial-results\/","title":{"rendered":"22nd Century Group Reports First Quarter 2026 Financial Results"},"content":{"rendered":"
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\n Continues VLN<\/i>
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\n Commercial Expansion with New Stores Selling Proprietary Branded VLN<\/i>
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\n Products<\/i>\n <\/p>\n

\n Expanded PMTA Portfolio and Licensing Strategy Designed to Unlock Further Retail Penetration Opportunities<\/i>\n <\/p>\n

\n MOCKSVILLE, N.C., May 07, 2026 (GLOBE NEWSWIRE) — <\/b>22nd Century Group, Inc. (Nasdaq: XXII), the only tobacco products company focused on reducing the harms of smoking through nicotine reduction, today announced results for the first quarter ended March 31, 2026, and provided an update on recent business highlights.<\/p>\n

The Company\u2019s proprietary reduced nicotine technology is designed to serve adult smokers who want to change their smoking habits by significantly reducing nicotine consumption. 22nd Century is focusing on smoker health and wellness by giving smokers an opportunity to control their tobacco consumption, rather than switching them to another highly addictive product like a vape or nicotine pouch.<\/p>\n

\u201cFollowing the initial Pinnacle VLN\u00ae<\/sup> distribution in the fourth quarter 2025, smokers began to gravitate to and are purchasing VLN\u00ae<\/sup> cigarettes in a growing number of geographies and stores,\u201d said Larry Firestone, Chief Executive Officer of 22nd Century Group. \u201cHaving accumulated a base of state authorizations across our portfolio of brands, we continue to focus on expanding our distribution and introducing smoking consumers to our VLN\u00ae<\/sup> products.<\/p>\n

\u201cAs we capture sustained adult smoker adoption of VLN\u00ae<\/sup> products, we expect to expand both our retail and category footprint. We are targeting to grow to more than 5,000 retail outlets by the end of 2026 by adding new retail partners across all classes of trade. Supporting this effort, we have significantly advanced further sales efforts with additional retail partners seeking to add VLN\u00ae<\/sup> branded products to their line-ups.<\/p>\n

\u201cWe believe we are the single commercial tobacco Company that is an ally of the FDA in their efforts to formally establish a low nicotine standard. Our technology and product roadmap is set to build out a robust portfolio of new tobacco products. These products will span multiple categories, creating a flexible and scalable platform that can accommodate evolving market preferences and continue to drive the low nicotine initiative in the regulatory environment. Our business model is set so that all current and any newly authorized combustible tobacco products in this expanded portfolio once authorized will be available for licensing, providing other tobacco companies with compliant, ready-to-market product pathways. This further reinforces 22nd Century\u2019s position as the leader in regulatory-driven innovation within the combustible tobacco segment. This includes the development of our 100mm form factor product and the application of our proprietary low nicotine tobacco to categories such as filtered cigars, pouches and moist snuff.\u201d<\/p>\n

\u201cBy combining our proprietary plant biotechnology, FDA-authorized claims, expanded retail distribution, broader product categories and readily available licensing, 22nd Century intends to lead the transition away from highly addictive tobacco products and support adult smokers and tobacco users seeking meaningful change,\u201d concluded Firestone.<\/p>\n

\n First Quarter 2026 Financial Results <\/b>(compared to Fourth Quarter 2025, except as noted)<\/p>\n

All figures reported below reflect continuing operations, excluding discontinued operations related to the sale and exit of the Company\u2019s hemp\/cannabis business in late 2023, except as noted.<\/p>\n