other material
confidence high
sentiment positive
materiality 0.65
22nd Century Group signs exclusive 5-year license and manufacturing deal with Smoker Friendly covering 19 brands
22nd Century Group, Inc.
- Exclusive license and manufacturing agreement for 5 years, covering 11 existing SF brands and 8 new premium brands.
- Agreement allows future addition of filtered cigars and reduced nicotine content cigarettes.
- 22nd Century will pay a royalty per carton; no other financial terms disclosed.
- Builds on over a decade of business relationship; secures substantial contract manufacturing volume.
- Expects to expand with filtered cigar business and VLN reduced nicotine brand.