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22nd Century Group Shares Are Trading Higher Friday: What's Going On?

BY Benzinga | CORPORATE | 09/19/25 11:33 AM EDT

22nd Century Group, Inc. (XXII) shares are trading higher Friday after the company announced it repaid the remaining $3.9 million of its senior unsecured notes.

What To Know: The company said repayment of the debt lowers ongoing cash needs and operating costs by eliminating cash interest and amortization expense.

The company said its balance sheet now reflects working capital to support the purchase of a low nicotine leaf crop, which will allow for production of more than one million cartons of VLN combustible products.

CEO Larry Firestone said the company plans to focus resources on growth, margin expansion from branded products, and further adoption of partner VLN offerings.

Management said a portion of capital will be used to expand very low nicotine tobacco leaf inventory in the fourth quarter of 2025.

Related Link: FDA Expands Incyte’s Opzelura Approval To Treat Atopic Dermatitis In Children

XXII Price Action: At the time of writing, 22nd Century Group (XXII) shares are trading 4.55% higher at $1.84, according to data from Benzinga Pro.

This illustration was generated using artificial intelligence via Midjourney.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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