3Q22 Investor Update

THIRD QUARTER 2022 FINANCIAL HIGHLIGHTS 3Q 2022 3Q 2021 Net Revenues $19.4M $7.8M Gross Profit 1. Gross profit margin is calculated by dividing gross profit by net revenues. $619K $292K Gross Profit Margin¹ 3.2% 3.7% Ž Operating Loss +148% QoQ Net Revenues: $7.8M due to acquisition of GVB - first full quarter of GVB revenue +112% increase QoQ gross profit 22ND CENTURY GROUP $(15.3)M $(7.6)M 18

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