Is 22nd Century Group struggling financially?

Yes, by its own account. 22nd Century Group told the SEC on 7 May 2026, in Form 10-Q, that there is substantial doubt about its ability to continue as a going concern.

Going concern disclosed May 2026

30/100

Fragile

Sector: Industrial/Cyclical
Market cap: $2.7M
Source filing: 10-Q 7 May 2026
Balance sheet: 30 Jun 2026

Cash runway

7months

If the burn speeds up

Empty by Jan 2027
11months

If it eases off

Empty by May 2027

Both rows are the same reported burn flexed 15% either way, and neither assumes the company raises a cent.

Out of cashTwo years or more

The runway math

Cash and short-term investments

$6.1M

Cash burned over the last 12 months

$7.8M

What 22nd Century Group told the SEC

…Company had cash and cash equivalents of $ 9,545 . Given the Company’s projected operating requirements and its existing cash and cash equivalents, there is substantial doubt about the Company’s ability to continue as a going concern through one year following the date that the Condensed Consolidated Financial Statements are issued. In response to these conditions, management continues to evaluate different…

22nd Century Group, Inc., Form 10-Q, filed 7 May 2026.

Read the filing on SEC.gov

What this means

Not a bankruptcy filing, and not a prediction.
It is the company’s own statement, agreed with its auditor, that the doubt is material enough to disclose.
The runway is arithmetic on two reported numbers, not a forecast. Companies carry this language for years, raise money and keep going.

What else the numbers show

267.8% share-count increase The company issued stock. Each share now owns 72.8% less of the business than a year ago, before any change in the price.
Cash burn is narrowing It is spending 68% less cash per year than it was, so the runway above is lengthening rather than shortening.

Cash runway

The runway math

What 22nd Century Group told the SEC

What this means

What else the numbers show

Other Industrial/Cyclical companies that filed the doubt