October 21, 2016 11:20 AM ET


Company Overview of Goodrich Tobacco Company, LLC

Company Overview

Goodrich Tobacco Company, LLC manufactures cigarettes. The company distributes RED SUN and MAGIC proprietary cigarettes. The company was formerly known as Xodus, LLC. Goodrich Tobacco Company, LLC is based in Williamsville, New York. Goodrich Tobacco Company, LLC operates as a subsidiary of 22nd Century Group, Inc.

8201 Main Street

Suite 6

Williamsville, NY 14221

United States

Key Executives for Goodrich Tobacco Company, LLC

Age: 48
Compensation as of Fiscal Year 2016.

Goodrich Tobacco Company, LLC Key Developments

Goodrich Tobacco Company Files Modified Risk Tobacco Product Application with the FDA for Lowest Nicotine Tobacco Cigarettes

22nd Century Group Inc. announced that on December 31, 2015, the Company's wholly owned subsidiary, Goodrich Tobacco Company, submitted a Modified Risk Tobacco Product (MRTP) application to the U.S. Food and Drug Administration (FDA) seeking a reduced exposure order so that 22nd Century's "BRAND A" Very Low Nicotine (VLN) cigarettes may be introduced into commerce in the United States. The application to the FDA requests that BRAND A packaging and marketing be allowed to disclose to consumers that the Company's proprietary Very Low Nicotine cigarettes reduce smokers' exposure to nicotine. BRAND A cigarettes contain less than 0.6 mg nicotine per cigarette and less than 0.05 mg nicotine yield per cigarette. In each case, this represents a reduction of at least 95% less nicotine relative to "Big Tobacco" cigarette brands, including Marlboro, Camel, Newport, and American Spirit. With more than 200 patents relating to the genes in the tobacco plant responsible for nicotine production, 22nd Century is the only company in the world capable of producing virtually nicotine-free tobacco. Without any artificial extraction or chemical processes, 22nd Century's BRAND A cigarettes are made with the Company's proprietary VLN tobacco that is grown on independently-owned farms in the United States. The finished cigarettes have the taste and sensory characteristics of conventional cigarettes, but contain only trace amounts of nicotine so that smokers' exposure to nicotine is drastically reduced. Under Section 911 of the federal Food, Drug, and Cosmetic Act, a tobacco product may not be introduced for commerce in the United States if the label or advertising represents that the tobacco product contains a reduced level of a substance or a reduced exposure to a substance unless given specific approval to do so by the FDA.

Goodrich Tobacco Company Receives Order for Nearly 5 Million SPECTRUM U.S. Government Research Cigarettes

22nd Century Group Inc. announced that its wholly-owned subsidiary, Goodrich Tobacco Company received a purchase order for 4.95 million SPECTRUMU.S. government research cigarettes. 22nd Century developed SPECTRUMin partnership with independent researchers and officials from the National Institute on Drug Abuse (NIDA), the U.S. Food and Drug Administration (FDA), the National Cancer Institute (NCI) and the Centers for Disease Control and Prevention (CDC). The main SPECTRUM product line, uniquely produced by 22nd Century, consists of a series of cigarette styles that vary nicotine yields over a 50-fold range – from very low (97% less nicotine than conventional brands) to relatively high nicotine yields. SPECTRUM features 24 styles, in both regular and menthol versions, with 8 levels of nicotine in its tobacco. Including this order, Goodrich Tobacco has received orders for more than 22 million SPECTRUM cigarettes. SPECTRUM cigarettes are not sold commercially; they are produced by 22nd Century from its proprietary and patented technology for exclusive use in independent clinical research. Ongoing clinical research conducted with SPECTRUM cigarettes includes: (i) exposure studies comparing how different nicotine levels in cigarettes affect smoking behavior and exposure to smoke compounds, (ii) smoking cessation studies, and (iii) studies to determine whether there is a threshold nicotine level in cigarettes which does not produce dependence. Without SPECTRUM these clinical studies would be very difficult, if not impossible, to conduct. Notably, 22nd Century is the only company in the world capable of producing the Very Low Nicotine SPECTRUM brand styles. Using the results from independent clinical research studies with Very Low Nicotine cigarettes, 22nd Century intends to become the first company in the world authorized by the FDA to market reduced exposure combustible cigarettes.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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