secwatch.observer — SEC 8-K summary
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Issuer:     22nd Century Group, Inc. (XXII)
CIK:        0001347858
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001493152-26-021582
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Q1 2026: net rev $4.1M (-31% YoY); zero debt; VLN now in 2,000+ stores
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1347858/000149315226021582/0001493152-26-021582-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1347858/000149315226021582/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-021582

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer