From Pieter Sikkel, President,
CEO & Chairman, Pyxus International, Inc.
MORRISVILLE, N.C., Sept. 25, 2019 /CNW/ -- "We are encouraged by
today's historic vote in the U.S. House of Representatives on H.B.
1595, the SAFE Banking Act, particularly as it relates to the hemp
and CBD industries. The bill, if enacted, would provide protections
for banks conducting business with hemp- and CBD- related
"The bill would open doors to tremendous opportunities for these
nascent industries – from the farmer to the processor to the
retailer -- that have, to date, encountered reluctance from
financial institutions to engage in financial transactions despite
the passage of the 2018 Farm Bill.
"We are grateful for the broad, bi-partisan support from the
House and urge lawmakers to vote in favor of the SAFE Banking Act
as the bill progresses through the Senate."
About Pyxus International, Inc.
Inc. (NYSE: PYX) is a global agricultural company with 145 years'
experience delivering value-added products and services to
businesses and customers. Driven by a united purpose—to transform
people's lives, so that together we can grow a better world—Pyxus
International, its subsidiaries and affiliates, are trusted
providers of responsibly sourced, independently verified,
sustainable and traceable products and ingredients. For more
information, visit www.pyxus.com.
SOURCE Pyxus International, Inc.