22nd Century Group, Inc. (XXII)

Nasdaq · Cigarettes

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Corporate structure

12 entities across 4 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-03-26 — see the exhibit.

Which other public companies file entities in the same places:

Delaware6 Nevada4 North Carolina1 Canada1

Subsidiaries of 22nd Century Group, Inc. as disclosed in its SEC filing
Entity	Jurisdiction	Note
nd Century Limited, LLC	Delaware
Goodrich Tobacco Company, LLC	Delaware
Heracles Pharmaceuticals, LLC	Delaware
NASCO Products, LLC	North Carolina
Botanical Genetics, LLC	Delaware
nd Century Group Canada, Inc.	Canada
nd Century Holdings, LLC	Delaware
Golden Acquisition Sub, LLC	Delaware
ESI Holdings, LLC	Nevada
PTB Investment Holdings, LLC	Nevada
BridgeWay Distribution, LLC	Nevada
Nasco Exports, LLC	Nevada

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

4 / 7

FAILReturn on assets positiveROA -18.7%
FAILOperating cash flow positiveOCF -8M
PASSReturn on assets improving-70.0% → -18.7%
FAILCash flow exceeds earningsOCF -8M vs NI -5M
PASSLong-term debt ratio falling23.8% → 2.6% of assets
PASSCurrent ratio improving1.16 → 2.42
PASSNo share dilution1M → 184067 shares
FAILGross margin improvingno gross profit reported
FAILAsset turnover improvingno data

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$28.1M	−$19.7M	−$15.7M	—	138,813,000
FY2021	$30.9M	−$32.6M	−$23.6M	—	156,208,000
FY2022	$62.1M	−$59.8M	−$55.4M	—	192,837,000
FY2023	$32.2M	−$140.8M	−$59.6M	—	20,711,000
FY2024	—	−$15.2M	−$14.5M	—	1,389,983
FY2025	—	−$5.1M	−$7.8M	—	184,067

Identity

CIK: 0001347858
LEI: 5493000LGPXTLG1UMJ56
SIC: 2111 · Cigarettes
Incorporated: FL
Headquarters: WILLIAMSVILLE, IN

Ownership

Institutional: 9.3%
Institutions: 19
Insiders: 25.9%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Related companies

Companies filing in the same SEC industry group.

Philip Morris International Inc.PM Turning Point Brands, Inc.TPB

Questions about 22nd Century Group, Inc.

How many subsidiaries does 22nd Century Group, Inc. file with the SEC?: 12, listed in its most recent exhibit 21. They are incorporated across 4 jurisdictions (Delaware, North Carolina, Canada, Nevada). That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is 22nd Century Group, Inc. financially healthy?: 22nd Century Group, Inc. scores 4 out of 7 on the Piotroski F-score. Only 7 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.

Corporate structure

12 entities across 4 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-03-26 — see the exhibit.

Which other public companies file entities in the same places:

Delaware6 Nevada4 North Carolina1 Canada1

Entity

Jurisdiction

Note

nd Century Limited, LLC

Delaware

Goodrich Tobacco Company, LLC

Delaware

Heracles Pharmaceuticals, LLC

Delaware

NASCO Products, LLC

North Carolina

Botanical Genetics, LLC

Delaware

nd Century Group Canada, Inc.

Canada

nd Century Holdings, LLC

Delaware

Golden Acquisition Sub, LLC

Delaware

ESI Holdings, LLC

Nevada

PTB Investment Holdings, LLC

Nevada

BridgeWay Distribution, LLC

Nevada

Nasco Exports, LLC

Nevada

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

4 / 7

FAILReturn on assets positiveROA -18.7%
FAILOperating cash flow positiveOCF -8M
PASSReturn on assets improving-70.0% → -18.7%
FAILCash flow exceeds earningsOCF -8M vs NI -5M
PASSLong-term debt ratio falling23.8% → 2.6% of assets
PASSCurrent ratio improving1.16 → 2.42
PASSNo share dilution1M → 184067 shares
FAILGross margin improvingno gross profit reported
FAILAsset turnover improvingno data

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$28.1M	−$19.7M	−$15.7M	—	138,813,000
FY2021	$30.9M	−$32.6M	−$23.6M	—	156,208,000
FY2022	$62.1M	−$59.8M	−$55.4M	—	192,837,000
FY2023	$32.2M	−$140.8M	−$59.6M	—	20,711,000
FY2024	—	−$15.2M	−$14.5M	—	1,389,983
FY2025	—	−$5.1M	−$7.8M	—	184,067

Questions about 22nd Century Group, Inc.

How many subsidiaries does 22nd Century Group, Inc. file with the SEC?

12, listed in its most recent exhibit 21. They are incorporated across 4 jurisdictions (Delaware, North Carolina, Canada, Nevada). That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is 22nd Century Group, Inc. financially healthy?

22nd Century Group, Inc. scores 4 out of 7 on the Piotroski F-score. Only 7 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.