North Carolina Gets Industrial Hemp Processing Facility

Pyxus International (NYSE: PYX) has opened a new industrial hemp extraction and purification facility in North Carolina.

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Managed and operated by the company’s affiliate Criticality, the 55,000-sq.-ft. facility is located in Wilson.

The facility will process hemp that will be used to craft and produce Korent – Criticality’s line of cannabidiol oil (CBD) products – as well as to develop new products.

“Through our investment in Criticality—a North Carolina-based hemp processor—our goal is to become a leader in the production of CBD and related consumer products,” Pyxus President, CEO and Chairman Pieter Sikkel said in a statement. “The opening of the facility is a critical step in achieving that goal and is a glimpse of what’s to come in the future.”

Criticality is a North Carolina-based agricultural hemp company engaged in the extraction, refinement and formulation of industrial hemp derived products. The company has a partnership with Pyxus International.

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