22nd Century Secures $9.5 Million Cash Proceeds from Settlement of Insurance Claim

Non-dilutive Cash Puts Growth Capital and Runway to Breakeven on the Balance Sheet

Company is Positioned to Drive to Profitability in 2026

MOCKSVILLE, N.C., Sept. 24, 2025 (GLOBE NEWSWIRE) -- 22nd Century Group, Inc. (Nasdaq: XXII), the only tobacco products company that has for 27 years led and continues to lead the fight against the harms of smoking driven by nicotine addiction, today announced that it has reached an agreement to settle all claims for business interruption related to the Grass Valley incident that occurred in November 2022 for a one-time payment of $9.5 million in cash from its insurers. The outstanding settlement payment is required to be paid by the insurers within 45 days of the effective date of the settlement agreement.

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