---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-074782"
form_type: "8-K"
ticker: "XXII"
cik: "0001347858"
company_name: "22nd Century Group, Inc."
filed_at: "2024-06-25T23:59:59+00:00"
generated_at: "2026-06-01T02:08:46.304156+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# 22nd Century reduces secured debt by $1.5M via GVB payment; total now $8.3M

## Summary
- GVB Biopharma paid $1.5M directly to lender JGB, cutting total secured principal to $8.3M.
- Remaining $500,000 due under the GVB note extended to December 31, 2024.
- CEO Larry Firestone noted debt reduced from $15.8M (Dec 2023) to $8.3M, lowering interest expense.
- The promissory note is secured by assets GVB acquired in its Dec 2023 purchase of 22nd Century's hemp/cannabis assets.

## SEC filing metadata
- accession: 0001104659-24-074782
- form_type: 8-K
- ticker: XXII
- cik: 0001347858
- company_name: 22nd Century Group, Inc.
- filed_at: 2024-06-25T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1347858/000110465924074782/0001104659-24-074782-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1347858/000110465924074782/tm2418200d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-074782
- JSON: https://secwatch.observer/filing/0001104659-24-074782.json
- Plain text: https://secwatch.observer/filing/0001104659-24-074782.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.