MORRISVILLE, N.C., March 12, 2019 /PRNewswire/ -- Pyxus
International, Inc. (NYSE: PYX), a global value-added agricultural
company, is pleased to announce the opening of its affiliate,
Criticality, LLC's, industrial hemp extraction and purification
facility located in Wilson, North
Carolina. The 55,000 square foot state-of-the-art facility
was unveiled during a ribbon cutting ceremony and grand opening
event on March 12.
"Through our investment in Criticality—a North Carolina-based hemp processor—our goal
is to become a leader in the production of CBD and related consumer
products," said Pyxus President, CEO and Chairman Pieter Sikkel. "The opening of the facility is a
critical step in achieving that goal and is a glimpse of what's to
come in the future."
The facility is designed to follow good manufacturing practices
and operate in compliance with dietary supplement standards. The
hemp processed at the facility will be used to expertly craft and
responsibly produce "Korent," Criticality's line of cannabidiol oil
(CBD) products, as well as develop new products in its innovation
pipeline.
"As the industrial hemp industry continues to grow, Criticality
is committed to setting the standard in high-quality, traceable CBD
production," Sikkel said. "To accomplish this, Criticality pulls
from Pyxus' strong heritage in agronomy expertise, paired with our
track-and-trace platform, SENTRISM, to help capitalize
on this rapidly growing, high margin market."
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.
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.
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SOURCE Pyxus International, Inc.