22nd Century Group Inc. is a US-based biotechnology firm that develops genetically engineered low-nicotine tobacco products aimed at reducing the health risks of traditional tobacco use. Founded in 1986 and currently led by CEO Michael Victus, the company capitalizes on its proprietary genetic technologies to secure licensing deals and strategic industry collaborations. With a market capitalization around $200 million and modest annual revenues, it has carved out a specialized niche in the tobacco and emerging cannabis sectors. The firm is actively expanding its product pipeline and pursuing regulatory and market opportunities to drive future growth.
No common-stock repurchase program; Item 5 (Issuer Purchases of Equity Securities) reported None. The only repurchase was the redemption at par of all outstanding Series A Convertible Preferred Stock issued in August 2025, in the amount of $9.65 million, funded with offering proceeds.
Currently, a significant portion of our revenues (and corresponding accounts receivable) from manufacturing tobacco products are derived from a small number of large customers, and we do not have agreements with such customers requiring them to purchase a minimum amount of products from us.