Nicoccino Holding AB Reports Earnings Results for the First Quarter Ended March 31, 2022

Nicoccino Holding AB is a Sweden-based company engaged in the manufacture of alternative nicotine products. Its offering comprises Niccocino, a tobacco-free nicotine product which can be secured under the lip or inside the cheek in order to provide nicotine effect. Niccocino is a thin leaf, containing 1 milligram (mg) of algae-derived nicotine, which dissolves in mouth. The Company is primarily engaged in production and online sales in the United Kingdom via its subsidiary, Niccocino Ltd, as well as via cooperation with wholesalers and retailers. It also has two Swedish subsidiaries: Nicoccino AB and FFT Consumer AB. The main shareholder of Nicoccino Holding AB is JP Morgan Bank.