Company: XXII
Filing Date: 2025-01-07
Form Type: 8-K
Source: 0001493152-25-001239
Chunk: 0

Company: 22nd Century Group, Inc.
Filing Date: 2025-01-07
Form: 8-K
Item: Item 1.01
Chunk 0
---
Item
1.01 Entry into a Material Definitive Agreement.

On
January 1, 2025, 22nd Century Group, Inc. (the “ Company”) entered into a Master Services Agreement and Addendum #1 (collectively,
the “ Agreement’) with Smoker Friendly International, LLC (“ SF”). Pursuant to the Agreement, the Company will
be the exclusive licensee and manufacturer of SF’s cigarette brands for a period of five years. The Agreement includes 11 SF brands
currently sold in the Smoker Friendly network of retail stores and dealers in the United States, plus another eight new SF brands. The
Agreement also allows the parties to add other tobacco products to the Agreement via addendum including filtered cigars and reduced nicotine
content cigarettes. The Company will pay SF a royalty for each carton of cigarettes manufactured and sold to distributors.

The
Company and SF were previously parties to a Private Label Manufacturing Agreement that was set to expire.

The
foregoing summary of the terms of the Agreement is subject to, and qualified in its entirety by, the Agreement, which will be filed as
an exhibit to the Company’s Annual Report on Form 10-K.

Item
7.01 Regulation FD Disclosure.