22nd Century Group Inc（XXII）のニュースとイベントXXII22nd Century Group Inc

22nd Century Trading Halted, News Pending

22nd Century trading halted, news pending

22nd Century Expands Pinnacle Brand to 13 States

22nd Century announced the expansion of its Pinnacle brand into 13 newly authorized states, expected to drive incremental distribution at the company's current retail partners in 360 additional stores across the United States. State authorization is required before tobacco products may be sold in a given state, and the newly authorized states clear the way for the company's low nicotine and tobacco-and-water cigarettes to ship to current retail partners nationwide. The expansion builds on the Pinnacle platform's recent addition of new SKU's.

Company Expects Q3 Net Loss of $2.6M

The Company expects Q3 gross profit of approximately $0.4M, compared to a loss of $(0.3M) in Q2. The company expects Q3 operating expenses of $3M, consistent with Q2. The company expects Q3 operating loss of $2.6M, compared to $3.3M in Q2. The company expects Q3 net loss of $2.6M, compared to net loss of $3.3M in Q2. The company expects Q3 adjusted EBITDA loss of $2.2M, compared to a loss of $3.5M in Q2. Common shares outstanding as of October 22 are 3,416,441 and no warrants remain outstanding. Cash and equivalents were $3.9M at quarter end. "The third quarter marked another period of disciplined execution as we continued to increase consumer awareness and strengthen the commercial foundation for our Pinnacle VLN and 22nd Century VLN low nicotine cigarettes," said Larry Firestone, CEO. "At retail, the growth in our same-store sales reports for Q3 2026 compared to Q2 2026 for the Pinnacle brand, both Pinnacle VLN and Pinnacle Pure cigarette products reinforced our belief that the market is looking for alternatives that change their smoking practice. Today's consumers are demonstrating through their early adoption of our VLN low nicotine cigarettes that a path to a low nicotine category in the market is being developed. It is our anticipation that multiple brands will adopt and carry a VLN branded set of sku's in the future to pair with their standard brands. We believe that the future of smoking will include a low nicotine cigarette category of which we are the first and only player at the moment. The future of smoking is here. It's VLN."