22nd Century Group, Inc. receives $9.5 million in cash from settlement with insurer for business interruption related to Grass Valley incident in November 2022. CEO Larry Firestone emphasizes transition to growth phase with focus on expanding position in tobacco harm reduction movement. Flagship VLN® and Partner VLN® cigarettes contain 95% less nicotine, complying with FDA’s proposed Tobacco Product Standard for Nicotine Yield. VLN® cigarettes provide smokers with reduced nicotine consumption alternative. VLN® is the only low nicotine combustible cigarette authorized by FDA in the U.S. Company’s goal is to lead tobacco harm reduction movement by enabling smokers to control nicotine consumption.

Read more at GlobeNewswire: 22nd Century Announces Receipt of $9.5 Million from