22nd Century Group reported second quarter 2026 financial results showing net revenues of $2.9 million, a decrease from $4.1 million in the prior quarter. The company posted an operating loss of $3.3 million and a net loss of $3.3 million, compared to losses of $3.0 million in both metrics for Q1 2026. Adjusted EBITDA widened to a loss of $3.5 million from $2.6 million previously. The firm ended the quarter with $6.1 million in cash and no outstanding debt. Commercially, VLN cigarette revenues rose slightly to $0.03 million as the company expanded retail distribution into approximately 150 additional stores in New York and New Jersey, launched Pinnacle Pure products, and entered California through 60 locations. The tobacco harm reduction company develops low-nicotine tobacco technology and manufactures FDA-authorized reduced nicotine combustible cigarettes.

On July 1, 2026, 22nd Century Group, Inc. received a 180-day termination notice from Smoker Friendly International, LLC under a Master Services Agreement dated January 1, 2025. The Company will cease manufacturing cigarette and cigar products for SF upon the expiration of the 180-day period, with no early termination penalties incurred. 22nd Century Group, Inc. operates in the consumer goods industry and manufactures tobacco products.

22nd Century Group, Inc. announced a 1-for-20 reverse stock split effective June 12, 2026, to restore NASDAQ Capital Market listing compliance. The company also commenced a warrant inducement offering on June 8, 2026, to holders of 5,345,591 existing warrants, offering new inducement warrants to purchase common stock at a reduced exercise price of $0.4626. The company received approximately $462,800 in gross cash proceeds and $2,010,000 in Series B Preferred Stock redemptions. 22nd Century Group, Inc. is a company in the consumer goods industry that produces and markets healthy lifestyle products.