22nd Century CEO & Chairman Larry Firestone: Improved Gross Margin, ~5,000 Retail Outlets and >$50B Market Opportunity Highlight Mid-Year Stockholder Letter
22nd Century Group issued a mid-year shareholder letter highlighting accelerated growth in its low-nicotine tobacco business and improving gross margins. The company currently operates in about 2,000 retail outlets and targets approximately 5,000 by year-end, with same-store sales volume growing 10% monthly in non-promotion periods.
Key figures
- Active trial cases
- 5000
- Retail outlets target
- 5000
- Retail outlets current
- 2000
- Monthly volume growth rate
- 10%
AI analysis
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