Pyxus International to Focus on Tobacco and E-liquid Divisions
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 ...
Source: prnewswire.com