22nd Century Group, Inc (XXII) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the 22nd Century Group's second quarter 2026 conference call and webcast. At this time, all participants have been placed in a listen-only mode. It is now my pleasure to turn the call over to Daniel and welcome to 22nd Century Group's second quarter 2026 earnings conference call. Thank you for joining us. With me on the call today is Larry Firestone that could cause actual results to differ materially from those described in these statements. Please refer to the company's earnings release and SEC filings, including our most recent annual report on Form 10-K for discussion of these risks and other factors. In addition, during today's call, management may refer to certain non-GAAP financial measures. Reconciliations of those measures to the most directly comparable GAAP measures are included in the company's earnings release. With that, I'll now turn the call over to Larry. Thanks, Dan, and good morning, everyone. Thank you for joining us today and for your continued interest in 22nd Century Group. The second quarter was an important period for our company. We continued executing a strategy that is reshaping 22nd Century into a stronger, more focused, and ultimately more profitable business. That strategy is centered on building a scaled generate acceptable economics. 22nd Century is the leader in low nicotine tobacco and low nicotine combustible cigarettes, designed with authentic tobacco to help smokers reduce their nicotine consumption. We're seeing smokers choose our VLN products as an alternative to full strength combustible cigarettes, and we believe this category has meaningful room to grow. More broadly, our direction is clear. We are prioritizing profitable growth over uneconomic volume. We are investing behind brand stronger earnings profile over t...