MORRISVILLE, N.C., March twelve, 2019 /PRNewswire/ — Pyxus Worldwide, Inc. (NYSE: PYX), a entire world value-included agricultural company, is pleased to announce the opening of its affiliate, Criticality, LLC’s, industrial hemp extraction and purification facility situated in Wilson, North Carolina. The 55,000 sq. foot state-of-the-artwork facility was unveiled throughout a ribbon slicing ceremony and grand opening celebration on March 12.
“Through our funding in Criticality—a North Carolina-based hemp processor—our objective is to change out to be a pacesetter within just the producing of CBD and linked shopper goods,” mentioned Pyxus President, CEO and Chairman Pieter Sikkel. “The opening of the facility is a essential action in attaining that aim and is a glimpse of what is to occur in the long run.”
The facility is developed to comply with great producing methods and functionality in compliance with nutritional enhance necessities. The hemp processed on the facility will very likely be applied to expertly craft and responsibly produce “Korent,” Criticality’s line of cannabidiol oil (CBD) merchandise, in addition to acquire new goods in its innovation pipeline.
“As the industrial hemp field carries on to develop, Criticality is fully commited to environment the conventional in higher-high-quality, traceable CBD generation,” Sikkel mentioned. “To achieve this, Criticality pulls from Pyxus’ strong heritage in agronomy working experience, paired with our keep track of-and-trace system, SENTRISM, to help capitalize on this speedily growing, excessive margin current market.”
About Pyxus Worldwide, Inc.
Pyxus Worldwide Inc. (NYSE: PYX) is a planet agricultural business with one hundred forty five years’ skills delivering price-additional solutions and goods to corporations and prospective buyers. Driven by a united objective—to rework individuals’s lives, in get that collectively we are ready to create a higher world—Pyxus International, its subsidiaries and associates, are reliable suppliers of responsibly sourced, independently confirmed, sustainable and traceable goods and substances. For additional details, go to www.pyxusintl.com.
Criticality is an constructed-in North Carolina-dependent agricultural hemp company that will take a science-based mostly method to the extraction, refinement and formulation of significant-high quality, distinct industrial hemp derived goods. Criticality companions with Pyxus International, Inc. (NYSE: PYX), a supplier of responsibly produced, independently verified, sustainable and traceable agricultural products, substances and vendors, to provide, system of and generate industrial hemp and hemp items below North Carolina’s Industrial Hemp Pilot Program.
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