22nd Century Announces 1-for-15 Reverse Stock Split, Reaffirms $105-110 Mln FY23 Net Sales Outlook

• 22nd Century Group announces 1-for-15 reverse stock split. • Reverse stock split to regain Nasdaq compliance. • Company reaffirms full-year net sales outlook of $105-$110 million. • Reverse stock split to be effective July 5, 2023. • Aimed to improve the company's financial performance. • Reduce the number of shares outstanding to increase stock value.