Pyxus’ Industrial Hemp JV Launches Line of CBD Products

Pyxus International, Inc. (NYSE:PYX) today announced that its joint venture, Criticality, an integrated North Carolina-based industrial hemp company operating under North Carolina’s industrial hemp pilot program, has launched “Korent,” its new line of cannabidiol (CBD) oil products.

Korent’s full-spectrum oil drops are available in Vanilla Mint and Grape flavors, in multiple sizes and concentrations. Flavors were custom designed for hemp products in partnership with Purilum, LLC, a leading flavor manufacturer and Pyxus-affiliated company.

“Criticality’s science-based approach to the extraction, refinement and formulation of high-quality CBD products makes it well positioned in the market and presents a huge growth opportunity for both Criticality and Pyxus,” said Pieter Sikkel, Pyxus’ president, CEO and chairman of the board.

Criticality specializes in environmentally-friendly, all-natural, solvent-free supercritical fluid extraction and purification. It recently announced the development of a CBD production facility in Wilson, North Carolina. The 55,000-square foot facility will be one of the largest facilities of its kind in the state. Construction is expected to be finalized by the end of the 2018.