Investor Presentation

GVB ACQUISTION PRELIMINARY PURCHASE PRICE ALLOCATION* Dollar amounts in millions Current assets, excluding inventory Inventory Other assets Property, plant & equipment and ROU lease asset Goodwill and intangibles* Accounts payable and accrued expenses Leases and other liabilities Bridge loan Fair value of net assets acquired Acquisition Date May 13, 2022 $ 3.4 $5.3 $ 1.1 $8.9 $44.2 ($ 3.9) ($ 1.3) ($ 4.3) $53.4 22nd Century Group, Inc. * Reflects provisionally estimated fair values for the assets purchased, liabilities assumed and purchase consideration as of the date of the acquisition. The determination of estimated fair value required management to make significant estimates and assumptions. The amounts reported are considered provisional as the Company is completing the valuations that are required to allocate the purchase price in areas such as property and equipment, intangible assets, deferred taxes and goodwill. As a result, the allocation of the provisional purchase price may change in the future, which could be material. 23

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