XXII signs letter of intent with European manufacturer of its cigarettes
May 29, 2014
07:17 EDT XXII 22nd Century unit signs letter of intent for nicotine-free cigarettes in Europe
22nd Century announced that its subsidiary, Goodrich Tobacco, signed a letter of intent with Orion to contract manufacture the company’s proprietary tobacco products to be distributed in the E.U. Goodrich Tobacco will export its proprietary tobacco from the U.S. to Orion. Orion will manufacture the finished cigarettes under the brands owned by Goodrich Tobacco. Initially, Orion will manufacture one of Goodrich’s signature products, GOLD MAGIC. Previously, Goodrich entered into an exclusive distribution agreement with Wilshire Marketing BV for the GOLD MAGIC brand in Belgium, the Netherlands and Luxembourg, known as “Benelux.” Wilshire recently concluded packaging design and intends to begin distribution of GOLD MAGIC cigarettes this summer in Benelux.