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Share this article Share this article MORRISVILLE, N.C., Feb. 9, 2021 /PRNewswire/ -- Pyxus International, Inc. (OTC Pink: PYYX) ("Pyxus" or the "Company"), a global value-added agricultural company, today announced results for its fiscal quarter ended December 31, 2020. Quarter Highlights: Sales and other operating revenues increased $16.3 million or 4.5% to $379.6 million for the three months ended December 31, 2020 from $363.3 million for the three months ended December 31, 2019. Gross profit as a percent of sales increased to 16.5% for the three months ended December 31, 2020 from 15.2...

The FIGR Group is comprised of three companies. That includes two processing facilities — FIGR East in Charlottetown, also known as Canada's Island Garden, and FIGR Norfolk in Simcoe, Ont. — and Toronto-based FIGR Brands, which owns a majority stake in the two processing companies and provides head office services. All together FIGR employs about 200 people, approximately 144 of them at the Charlottetown site. According to FTI's filings, FIGR has been operating at a deficit since its launch. Debt at FIGR East in Charlottetown is about $93 million, much of it as a result of expansion of i...

MORRISVILLE –Pyxus International is getting out of the canabis business and will focus on its tobacco and e-liquid operations, the company announced Thursday evening. “Our strategic decision to exit cash flow negative cannabinoid operations will allow us to reduce corporate SG&A [selling, general and administrative expense] and sharpen our focus on growing our more profitable tobacco and e-liquid businesses such that these complementary businesses can fully leverage Pyxus’ 145-year heritage and existing relationships,” said Pieter Sikkel, the firm’s CEO. “”We maintain our belie...

Company to Host Call Today at 5:30 P.M. (ET)  MORRISVILLE, N.C., Jan. 21, 2021 /PRNewswire/ -- Pyxus International, Inc. ("Pyxus" or "the Company") (OTC Pink: PYYX), a global value-added agricultural company, announced today, after a strategic review by the Boards of Directors of Pyxus and certain subsidiaries, that it intends to divest its cannabis business in order to focus on its more profitable tobacco and e-liquid businesses. In addition, the Company has taken action to restructure its industrial hemp and CBD operations to minimize financial investment in that business. "Our strategic ...