22nd Century Expands Market Reach with New Agreement

22nd Century ( (XXII) ) has provided an announcement.

22nd Century Group, Inc. entered a five-year exclusive licensing and manufacturing agreement with Smoker Friendly International, LLC, covering 11 existing and eight new cigarette brands. This agreement strengthens their decade-long partnership and expands their market reach with premium and reduced nicotine content products, enhancing both companies’ growth opportunities and product offerings in the tobacco industry.

More about 22nd Century

22nd Century Group, Inc. is a pioneering company in the tobacco industry, focusing on nicotine harm reduction products. Their flagship product, the VLN® cigarette, contains 95% less nicotine than traditional cigarettes, allowing smokers to control their nicotine intake. The company operates a large manufacturing facility in North Carolina and holds a significant patent portfolio for reduced nicotine tobacco blends, positioning itself as a leader in low nicotine combustible cigarettes in the U.S. and international markets.

YTD Price Performance: 2.86%

Average Trading Volume: 81,831

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $3.19M

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