22nd Century reports Q1 cont-op EPS ($5.07) vs. ($634.25) last year

Reports Q1 revenue $4.1M vs. $.5M last year. “Following the initial Pinnacle VLN distribution in Q4 2025, smokers began to gravitate to and are purchasing VLN cigarettes in a growing number of geographies and stores,” said CEO Larry Firestone. “Having 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 products…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 branded products to their line-ups…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…By combining our proprietary plant biotechnology, FDA-authorized claims, expanded retail distribution, broader product categories and readily available licensing, 22nd Century (XXII) intends to lead the transition away from highly addictive tobacco products and support adult smokers and tobacco users seeking meaningful change”.