Pyxus International to Focus on Tobacco and E-liquid Divisions
In addition, the Company has taken action to restructure its industrial hemp and CBD operations to minimize financial investment in that business.
- In addition, the Company has taken action to restructure its industrial hemp and CBD operations to minimize financial investment in that business.
- "Our strategic decision to exit cash flow negative cannabinoid operations will allow us to reduce corporate SG&A 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, President and CEO of Pyxus International.
- "We maintain our belief that there is value in FIGR and its growth can be accelerated with the right capital structure and partner.
- These statements also may be identified by the fact that they do not relate strictly to historical or current facts.