22nd Century Group, Inc. (XXII) Q4 2022 Earnings Conference Call March 9, 2023 10:00 AM ET

Corporate Participants

Matt Kreps - Investor Relations

Jim Mish - Chief Executive Officer

John Miller - President, Tobacco Business

Hugh Kinsman - Chief Financial Officer

Conference Call Participants

Aaron Grey - Alliance Global Partners

Vivien Azer - TD Cowen

Alex Fuhrman - Craig-Hallum Capital Group

Brian Wright - ROTH MKM

Jim McIlree - Dawson James

Operator

Good day, ladies and gentlemen, and welcome to the 22nd Century Group's Fourth Quarter and Year-End Results Conference Call. At this time all lines are in a listen-only mode. Following the presentation, we will conduct a question-and-answer session. [Operator Instructions]. This call is being recorded on Thursday March 9, 2023.

I would now like to turn the conference over to Matt Kreps, Investor Relations for 22nd Century. Please go ahead.

Matt Kreps

Good morning, and welcome to 22nd Century's fourth quarter results conference call. Joining me today are Jim Mish, our CEO; Hugh Kinsman, our CFO; and John Miller, President of our Tobacco Business. Earlier today, we issued a press release announcing our results for the fourth quarter and full year 2022. The release, earnings presentation and 10-K are available in the Investors section of our website at xxiicentury.com, under the Events subheading. We'll start today's call with prepared remarks from Jim, John and Hugh before moving into a Q&A session with our Research Analysts.

Given the limited time for today's call, we will focus on commercial advancements driving revenue in our VLN tobacco and GVB hemp/cannabis business units. If you have questions that are not addressed on today's call, you are welcome to email Investor Relations using my contact information provided in today's release.

Few reminders about today's call. Some of the statements made today are forward-looking. Forward-looking statements are subject to risks, uncertainties and other factors that may cause actual results to differ materially from those contemplated by these statements. Additional information regarding these factors can be found in our annual, quarterly and other reports filed with the SEC.

Also during today's call, we may also discuss non-GAAP financial measures, including adjusted EBITDA, which we define as earnings before interest, taxes, depreciation and amortization as adjusted for certain noncash and nonoperating expenses. For more details on these measures, please refer to our press release issued earlier today.

And with that, I'll turn the call over to Jim beginning on slide three.