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News analysis

22nd Century adjusts its 2023 revenue outlook after a rocky second quarter

Written by || 16th August 2023 || News analysis | Financial results | Major brands | Arizona Asia California Europe Florida Georgia US Indiana Japan Kentucky Michigan New York North America North Carolina Ohio Rhode Island South Carolina South Korea Switzerland Texas United States Wisconsin

22nd Century will focus on streamlining operating costs and making the marketing and sales push for its VLN very-low-nicotine cigarette products more cost efficient to address issues that have forced it to revise full-year profit guidance.

The company held a cagey second-quarter results release and conference call, after a rocky quarter that included an investor lawsuit and the resignation of its CEO.

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