WILSON, N.C., March 12, 2019 /PRNewswire/ -- Criticality,
LLC, an integrated agricultural hemp company, welcomed more than
100 government officials, industry and agricultural leaders, and
media to the grand opening and ribbon cutting ceremony of its new,
55,000-square-foot facility on March
12. Following the ceremony, attendees received a first-hand
look of the state-of-the-art operation. The facility, located in
Wilson, North Carolina, will be
used for the extraction and processing of industrial hemp—much of
which is grown locally—under the state's industrial hemp pilot
program.
During the ceremony, Criticality CEO Brian Moyer emphasized the importance of the
company's science-based approach to the extraction, refinement and
formulation of high-quality, transparently-sourced industrial
hemp-derived products.
"This facility was designed to follow good manufacturing
practices and is designed to operate in compliance with dietary
supplement standards," said Moyer. "This is critical as we develop
expertly-crafted and responsibly-produced CBD products—both
products we have on the market currently and those being developed
in our innovation pipeline—that provide consumers with a natural
path to improved well-being."
Moyer, along with several guest speakers including the
City of Wilson Mayor Bruce Rose and the Wilson Chamber of Commerce President
Ryan Simons and Chair Anita Jones, discussed the positive economic
impact the facility is expected to have on the community.
"We anticipate the facility's opening will generate nearly 90
well-paying jobs within the first five years of operation. We
expect these positions will offer employee benefit options and
salaries averaging $44,000-plus
annually," said Moyer.
According to the U.S. Census Bureau, the median household income
in Wilson County, N.C. is
$42,095.
"Additionally, Criticality is committed to providing support to
the hemp farmers we work with—many located in Eastern North
Carolina—to cultivate and harvest the crop. We help them to address
challenges that are unique to hemp, in turn, supporting a crop that
is marketable on a larger scale," added Moyer.
The cannabidiol (CBD) oil extracted at the facility will be
incorporated into the company's CBD products. Criticality's product
line "Korent" features both CBD oils and THC-free CBD e-liquids in
various flavors and concentrations. Korent products are available
for sale at select retailers, as well as online at
korenthemp.com.
About Criticality
Criticality is an integrated
North Carolina-based agricultural
hemp company that takes a science-based approach to the extraction,
refinement and formulation of high-quality, transparent industrial
hemp derived products. Criticality partners with Pyxus
International, Inc. (NYSE: PYX), a provider of responsibly
produced, independently verified, sustainable and traceable
agricultural products, ingredients and services, to source, process
and produce industrial hemp and hemp products under North Carolina's Industrial Hemp Pilot
Program.
About Pyxus International, Inc.
Pyxus International
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.pyxusintl.com.
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SOURCE Criticality