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22nd Century sells hemp/cannabis business and tightens focus on VLN

US-based 22nd Century highlighted the expansion of its VLN brand very-low-nicotine cigarettes distribution and retail network as well as the sale of its hemp/cannabis business during the publication of its 2023 full-year results.

The company also said it had “substantially” reduced operating costs through efficiency initiatives and the sale of the hemp/cannabis business, which also left it free to focus on its tobacco division.

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Antonia Di Lorenzo

Assistant news editor
Antonia is a member of the editorial team and holds a masters degree in Law from the University of Naples Federico II, Italy. She moved in 2013 to London, where she completed a postgraduate course at the London School of Journalism. In the UK, she worked as a news reporter for a financial newswire and a magazine before moving to Barcelona in 2019.

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