The 180-day wind-down provides a transition period, but investors should watch for updates on replacement manufacturing contracts or cost reduction measures. The company now faces a significant revenue gap starting in January 2027 with no disclosed mitigation plan.
Price Chart
Executive Summary
22nd Century Group received a 180-day termination notice from Smoker Friendly International, LLC for their Master Services Agreement. The termination is for convenience with no penalties, meaning the company will lose its cigarette and cigar manufacturing revenue from this customer starting in early January 2027. For a company with only a $2M market cap, losing a material manufacturing agreement is a significant negative event.
Key Facts
- Termination notice received July 1, 2026 from Smoker Friendly International, LLC
- Master Services Agreement dated January 1, 2025 is being terminated
- 180-day termination period — manufacturing for SF ends approximately January 2027
- Termination is for convenience — no early termination penalties incurred
- Company will no longer manufacture cigarette and cigar products for Smoker Friendly
- Market cap is approximately $2M — loss of this agreement is highly material
Financial Impact
Loss of cigarette and cigar manufacturing revenue from Smoker Friendly; specific revenue contribution not disclosed in filing but material given $2M market cap
Risk Factors
- No disclosed replacement customer or revenue source for lost manufacturing business
- Potential further customer losses if Smoker Friendly's departure signals broader partner dissatisfaction
- Nasdaq listing vulnerability — revenue decline could worsen already precarious financial position for a $2M market cap company
- Unable to assess full revenue impact as filing does not disclose dollar amount of the agreement
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-031964 |
| Document: 0001493152-26-031964-index-headers.html | 0001493152-26-031964 |
| Document: 0001493152-26-031964-index.html | 0001493152-26-031964 |
| Document: 0001493152-26-031964.txt | 0001493152-26-031964 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 424B5 | $0.1935 | awaiting T+60 | — | $0.1094 (+43.46%) |
Oct 23, 2026 3d ago | 8-K | $0.1940 | awaiting T+60 | — | $0.1094 (+43.61%) |
Oct 22, 2026 5d ago | 8-K | $0.2157 | awaiting T+60 | — | $0.1094 (−49.28%) |
Oct 22, 2026 5d ago | Press Release | $0.2157 | awaiting T+60 | — | $0.1094 (−49.28%) |
Sep 1, 2026 8w ago | 8-K | $2.61 | awaiting T+60 | — | $0.1094 (−95.81%) |
Aug 13, 2026 10w ago | 8-K | $4.11 | awaiting T+60 | — | $0.1094 (+97.34%) |
Aug 13, 2026 10w ago | Press Release | $4.11 | awaiting T+60 | — | $0.1094 (+97.34%) |
Jul 2, 2026 16w ago | 8-K | $4.01 $0.8018 | ▲ +80.00% | ▲ +81.72% | $0.1094 (+97.27%) |
Jun 25, 2026 17w ago | EFFECT | $4.85 $1.79 | ▲ +63.09% | ▲ +66.95% | $0.1094 (+97.74%) |
Jun 9, 2026 20w ago | 8-K | $0.3650 $0.1140 | ▲ +68.77% | ▲ +73.67% | $0.1094 (+70.03%) |
US Market Status
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