{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-021582","form_type":"8-K","ticker":"XXII","cik":"0001347858","company_name":"22nd Century Group, Inc.","filed_at":"2026-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:32.181132+00:00","generated_at":"2026-05-14T21:28:00.166963+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Q1 2026: net rev $4.1M (-31% YoY); zero debt; VLN now in 2,000+ stores","bullets":["Net revenues $4.1M, down 31.1% YoY from $5.96M; net loss from continuing ops $3.0M improved from $3.3M.","Cash and equivalents $9.5M; zero long-term debt after extinguishing senior secured debt in 2025.","VLN products in over 2,000 stores across 20 states; targeting 5,000 retail outlets by end of 2026.","Adjusted EBITDA loss $2.6M vs $2.3M YoY; operating loss $3.0M vs $2.6M.","Advanced PMTA submissions for 100mm format VLN and filtered cigars to expand product portfolio."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-021582","json":"https://secwatch.observer/filing/0001493152-26-021582.json","markdown":"https://secwatch.observer/filing/0001493152-26-021582.md","text":"https://secwatch.observer/filing/0001493152-26-021582.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1347858/000149315226021582/0001493152-26-021582-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1347858/000149315226021582/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-14T21:28:00.166963+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0011b7e9691c2aee105727ecd4a8aa20bf1a7e6e","claim":"22nd Century Group, Inc. reported the first quarter ended March 31, 2026 results: revenue $4.1 million, net income $3.3 million.","evidence_excerpt":"excluding discontinued operations related to the sale and exit of the Company’s hemp/cannabis business in late 2023, except as noted. ● Net revenues increased slightly to $4.1 million from $3.5 million. ● Gross profit (loss) improved to $(0.6) million, compared to $(0.8) million. ● Operating expenses were $2.4 million, increased from $2.0 million. ●","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1347858/000149315226021582/0001493152-26-021582-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2026"},{"label":"Revenue","value":"$4.1 million"},{"label":"Net income","value":"$3.3 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}