22nd Century settles insurance claim for $9.5M cash; company now debt-free

22nd Century Group, Inc.

Settlement resolves all business-interruption claims from Nov 2022 Grass Valley fire; insurer pays $9.5M within 45 days.
Company is now debt-free, shifting from survival capital to growth capital.
Management expects to drive to profitability in 2026; VLN product distribution expansion ongoing.
Cash proceeds are non-dilutive, strengthening balance sheet without new equity issuance.

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