22nd Century reports Q3 cont-op EPS ($1.06) vs. ($848.84) last year

Reports Q3 continuing operations revenue $4.01M from $4.1M last year. “Q3 represents the launch point for a full pivot to a branded products strategy that will drive our future. Multiple brands of our VLN products are now available for purchase, our store count is increasing every month, and we are securing new distribution agreements to expand our reach. As the leader in the Tobacco Harm Reduction Movement, we believe that all tobacco companies should complement their full nicotine products with a set of low nicotine products within their brand families. Our technology roadmap makes this possible, with short time to market and at any scale required, through both Partner VLN(R) and licensing capabilities, allowing every tobacco company to become fully aligned with the FDA’s Low Nicotine Mandate instead of resisting. By doing so, tobacco companies can for the first time truly deliver on their claims of supporting tobacco harm reduction efforts. As important, smoking consumers can access a new way to change in their smoking habit with a form factor that they are accustomed to, the combustible cigarette, but without the highly addictive nicotine that drives addiction,” said Larry Firestone, CEO.