22nd Century Group Beheer

Beheer criteriumcontroles 1/4

22nd Century Group's CEO is Larry Firestone, appointed in Dec 2023, has a tenure of less than a year. total yearly compensation is $392.30K, comprised of 8.3% salary and 91.7% bonuses, including company stock and options. directly owns 0.18% of the company’s shares, worth $8.04K. The average tenure of the management team and the board of directors is 0.8 years and 1.8 years respectively.

Belangrijke informatie

Larry Firestone

Algemeen directeur

US$392.3k

Totale compensatie

Percentage CEO-salaris	8.3%
Dienstverband CEO	less than a year
Eigendom CEO	0.2%
Management gemiddelde ambtstermijn	less than a year
Gemiddelde ambtstermijn bestuur	1.8yrs

Recente managementupdates

Recent updates

Market Participants Recognise 22nd Century Group, Inc.'s (NASDAQ:XXII) Revenues Pushing Shares 1,233% Higher

Apr 02

Time To Worry? Analysts Just Downgraded Their 22nd Century Group, Inc. (NASDAQ:XXII) Outlook

Aug 20

With 22nd Century Group, Inc. (NASDAQ:XXII) It Looks Like You'll Get What You Pay For

Jun 14

Does 22nd Century Group (NASDAQ:XXII) Have A Healthy Balance Sheet?

Jan 13

22nd Century adds Creager as distribution partner for its VLN cigarettes in Colorado

Oct 03

Analyse CEO-vergoeding

Hoe is Larry Firestone's beloning veranderd ten opzichte van 22nd Century Group's winst?
Datum	Totale vergoeding	Salaris	Bedrijfswinsten
Jun 30 2024	n/a	n/a	-US$51m
Mar 31 2024	n/a	n/a	-US$63m
Dec 31 2023	US$392k	US$33k	-US$65m

Compensatie versus markt: Larry's total compensation ($USD392.30K) is below average for companies of similar size in the US market ($USD655.02K).

Compensatie versus inkomsten: Insufficient data to compare Larry's compensation with company performance.

CEO

Larry Firestone (66 yo)

less than a year

Tenure

US$392,304

Compensatie

Mr. Lawrence D. Firestone, also known as Larry, is Chairman of 22nd Century Group, Inc. since December 1, 2023 and serves as its Chief Executive Officer since December 1, 2023. He serves as President of 22...

Leiderschapsteam

Naam	Positie	Tenure	Compensatie	Eigendom
Lawrence Firestone	President	less than a year	US$392.30k	0.18% $ 8.0k
Daniel Otto	CFO & Principal Accounting Officer	less than a year	geen gegevens	0.00044% $ 19.2
Scott Marion	Vice President of Operations	1.8yrs	geen gegevens	geen gegevens
Jonathan Staffeldt	General Counsel & Secretary	less than a year	geen gegevens	0.0028% $ 120.7
Robert Manfredonia	Executive VP of Sales and Marketing	less than a year	geen gegevens	geen gegevens
Matthew Kreps	Investor Relations	no data	geen gegevens	geen gegevens
James Morrison	Technical Advisor & Regulatory Affairs Consultant	17.8yrs	geen gegevens	geen gegevens

0.8yrs

Gemiddelde duur

50.5yo

Gemiddelde leeftijd

Ervaren management: XXII's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.

Bestuursleden

Naam	Positie	Tenure	Compensatie	Eigendom
Lawrence Firestone	President	less than a year	US$392.30k	0.18% $ 8.0k
Lucille Salhany	Independent Director	2.2yrs	US$175.16k	0.0022% $ 96.3
Andrew Arno	Lead Independent Director	1.3yrs	US$19.10k	0.021% $ 926.5
Anthony Johnson	Member of Scientific Advisory Board & Independent Director	3.3yrs	US$187.66k	0.0031% $ 135.9
James Mish	Corporate President & Member of Scientific Advisory Board	no data	US$969.13k	0% $ 0
Michael Koganov	Chairman of Scientific Advisory Board	no data	US$187.66k	0% $ 0

1.8yrs

Gemiddelde duur

65.5yo

Gemiddelde leeftijd

Ervaren bestuur: XXII's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.

22nd Century Group Beheer

Beheer criteriumcontroles 1/4

Belangrijke informatie

Recente managementupdates

22Nd Century Group, Inc. Appoints Robert Manfredonia as Executive Vice President of Sales and Marketing, Effective from August 1, 2024

High number of new and inexperienced directors

22nd Century Group, Inc., Annual General Meeting, Jun 28, 2024

22Nd Century Group, Inc. Announces Termination of Peter Ferola as the Chief Legal Officer and Corporate Secretary

High number of new directors

22Nd Century Group, Inc. Appoints Lawrence (Larry) Firestone as Chief Executive Officer

Recent updates

22nd Century Group, Inc. announced that it expects to receive $3.039363 million in funding

22nd Century Regains Compliance with Nasdaq Stockholders’ Equity Requirement

New major risk - Share price stability

22nd Century Group, Inc. announced that it expects to receive $1.6815 million in funding

Second quarter 2024 earnings released: US$0.36 loss per share (vs US$22.45 loss in 2Q 2023)

22nd Century Group, Inc. to Report Q2, 2024 Results on Aug 13, 2024

22nd Century Group, Inc. has filed a Follow-on Equity Offering in the amount of $75 million.

22Nd Century Group, Inc. Appoints Robert Manfredonia as Executive Vice President of Sales and Marketing, Effective from August 1, 2024

22nd Century Group, Inc. Receives Non-Compliance Letter from Nasdaq Regarding Minimum Bid Price Requirement

High number of new and inexperienced directors

New major risk - Revenue and earnings growth

First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

22nd Century Group, Inc. to Report Q1, 2024 Results on May 15, 2024

22nd Century Group, Inc., Annual General Meeting, Jun 28, 2024

22nd Century Group, Inc. announced that it has received $4.2 million in funding

22nd Century Group, Inc. has filed a Follow-on Equity Offering in the amount of $4.237199 million.

22nd Century Group Receives Deficiency Letter from Nasdaq Regarding Non-Compliance with Nasdaq's Listing Rule 5550(b)(1)

Market Participants Recognise 22nd Century Group, Inc.'s (NASDAQ:XXII) Revenues Pushing Shares 1,233% Higher

New major risk - Share price stability

No longer forecast to breakeven

Full year 2023 earnings released: US$3.12 loss per share (vs US$4.65 loss in FY 2022)

22nd Century Group, Inc. to Report Q4, 2023 Results on Mar 28, 2024

22Nd Century Group, Inc. Announces Termination of Peter Ferola as the Chief Legal Officer and Corporate Secretary

High number of new directors

22Nd Century Group, Inc. Appoints Lawrence (Larry) Firestone as Chief Executive Officer

Specialty Acquisition Corporation entered into a equity purchase agreement to acquire Substantially all of GVB hemp/cannabis business from 22nd Century Group, Inc. (NasdaqCM:XXII) and ESI Holdings, LLC for $2.3 million.

Consensus EPS estimates fall by 67%

New major risk - Market cap size

22nd Century Group Receives Non-Compliance Letter from Nasdaq

22nd Century Group, Inc. Continues VLN Expansion, Now Retailing in More Than 5,100 Stores

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

New major risk - Shareholder dilution

22Nd Century Group, Inc. Adds 1,200 Drug Store Locations Selling VLN in Five States

Consensus revenue estimates fall by 11%

Time To Worry? Analysts Just Downgraded Their 22nd Century Group, Inc. (NASDAQ:XXII) Outlook

Price target decreased by 27% to US$31.19

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

22nd Century Group, Inc. to Report Q2, 2023 Results on Aug 14, 2023

Pomerantz LLP Announces Pendency of Class Action and Proposed Settlement Involving Purchasers of 22nd Century Group, Inc. Common Stock

High number of new directors

22Nd Century Group, Inc. Announces Chief Executive Officer Changes

22nd Century Group Regains Compliance with Nasdaq Listing Standards

22Nd Century Group, Inc. Announces Its Vln(R) Reduced Nicotine Content C-Stores

New minor risk - Share price stability

22nd Century Announces 1-For-15 Reverse Stock Split to Regain Compliance with the Minimum Bid Price Requirement

New minor risk - Market cap size

22nd Century Group, Inc. Announces Production of VLN(R) Homogenized Tobacco Leaf Sheet

22nd Century Group, Inc. Announces VLN(R) Products Launch in Nevada to Help Smokers Smoke Less

With 22nd Century Group, Inc. (NASDAQ:XXII) It Looks Like You'll Get What You Pay For

22Nd Century Group, Inc. Launches Vln At #1 U.S. C-Store Chain in Texas, California and Florida

Consensus revenue estimates increase by 10%, EPS downgraded

22nd Century Group, Inc. Provides Revenue Guidance for the Full Year 2023

Price target decreased by 11% to US$4.00

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

22nd Century Group, Inc. to Report Q1, 2023 Results on May 09, 2023

Consensus EPS estimates fall by 16%

Full year 2022 earnings: EPS and revenues miss analyst expectations

22nd Century Group, Inc. (NasdaqCM:XXII) acquired Rx Pharmatech Ltd for $0.65 million.

Does 22nd Century Group (NASDAQ:XXII) Have A Healthy Balance Sheet?

Forecast to breakeven in 2025

Key Executive notifies of intention to sell stock

22Nd Century Group, Inc. Appoints John J. Miller as an Executive Officer and President of Tobacco

High number of new directors

Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint

High number of new directors

22nd Century Group, Inc. to Report Q3, 2022 Results on Nov 08, 2022

22nd Century adds Creager as distribution partner for its VLN cigarettes in Colorado

High number of new directors

22Nd Century Group Appoints Lucille S. Salhany to Its Board