22nd Century Group Further Reduces Debt by $1.0 Million Following Financing Transaction

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[{"type":"image","alt":"22nd Century Group, Inc.","displaySize":"","headline":null,"caption":"22nd Century Group, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":49,"url":"https://media.zenfs.com/en/globenewswire.com/1bea5c3c79110e918b41c982afc348cd"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/U47lMnIUnLY0CmcSoKscPA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTY5O2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/1bea5c3c79110e918b41c982afc348cd","width":300,"height":49}},"lazy":false},{"type":"text","content":"Year to Date Total Debt Reduction of approximately $3.8 Million","length":63,"tagName":"p"},{"type":"text","content":"MOCKSVILLE, N.C., May 07, 2025 (GLOBE NEWSWIRE) -- 22nd Century Group, Inc. (Nasdaq: XXII), a tobacco products company that is leading the fight against nicotine dependence and believes smokers should have a choice about their nicotine consumption, today announced that has repaid an additional $1 million in debt to its senior lender. The Company’s total debt principal outstanding now stands at approximately $3.9 million.","length":424,"tagName":"p"},{"type":"text","content":"“Our debt reduction progress has been outstanding and total debt principal is now less than $4 million, as compared with approximately $20 million of total debt obligations when I joined the Company in December 2023,” said Larry Firestone, CEO of 22nd Century Group. We are on our way to becoming debt free, which will allow us to focus our resources on growth opportunities we see across our contract manufacturing business, as well as reduced nicotine content and branded products.”","length":484,"tagName":"p"},{"type":"text","content":"22nd Century will report its complete first quarter results on May 13, 2025, with a conference call the same day.","length":113,"tagName":"p"},{"type":"text","content":"About 22nd Century Group, Inc.","length":30,"tagName":"p"},{"type":"text","content":"22nd Century Group is the pioneering nicotine harm reduction company in the tobacco industry enabling smokers to take control of their nicotine consumption.","length":156,"tagName":"p"},{"type":"text","content":"We created our flagship product, the VLN® cigarette, to give traditional cigarette smokers an authentic and familiar alternative that helps them take control of their nicotine consumption. VLN® cigarettes have 95% less nicotine ...

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