{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-23-014685","form_type":"8-K","ticker":"XXII","cik":"0001347858","company_name":"22nd Century Group, Inc.","filed_at":"2023-08-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.676501+00:00","generated_at":"2026-06-11T10:23:49.801873+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"22nd Century Q2 revenue $23.4M (+62% YoY), net loss $19.4M; cuts FY outlook to $80-90M, CEO resigns","bullets":["Net revenues $23.4M (+62% YoY); gross loss of $2.3M driven by plant fire and product mix.","Net loss $19.4M; adjusted EBITDA loss $16.0M vs loss $7.1M in prior year.","Cuts 2023 revenue outlook to $80-90M from $105-110M due to VLN rollout timeline changes and internal production transition.","CEO James Mish resigns; John Miller appointed interim CEO; cost reduction program targeting $15M+ annualized savings.","Raised $19.9M in equity in June/July; regained Nasdaq compliance."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-23-014685","json":"https://secwatch.observer/filing/0001558370-23-014685.json","markdown":"https://secwatch.observer/filing/0001558370-23-014685.md","text":"https://secwatch.observer/filing/0001558370-23-014685.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1347858/000155837023014685/0001558370-23-014685-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1347858/000155837023014685/xxii-20230814x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T10:23:49.801873+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":"5ef659a1fbc5e63eb1203eba39d77d70f3d82a87","claim":"22nd Century Group, Inc. reported Second quarter ended June 30, 2023 results: revenue $23.4 Million. Guidance lowered.","evidence_excerpt":"Second Quarter 2023 Net Revenues Increased 62% to $23.4 Million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1347858/000155837023014685/0001558370-23-014685-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Second quarter ended June 30, 2023"},{"label":"Revenue","value":"$23.4 Million"},{"label":"Guidance","value":"lowered"},{"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"}