22nd Century Group shares surge 56.11% intraday after expanding VLN® low-nicotine cigarette partnerships and meeting FDA's proposed nicotine limit.

22nd Century Group, Inc. surged 56.11% intraday after announcing an expansion of its VLN® reduced-nicotine cigarette partnership with Smoker Friendly and Pinnacle brands, increasing product availability. The VLN® cigarettes contain 0.5mg/g of nicotine, 95% less than conventional cigarettes, and are the only FDA-authorized combustible tobacco product that meets the proposed 2025 nicotine limit of 0.7mg/g. The FDA's proposed nicotine restriction policy aims to reduce smoking-related harm, creating market opportunities for the company.