The partnership with NC State marks Pyxus' second
research agreement to develop better data and insights for hemp
farmers
MORRISVILLE, N.C., Nov. 5, 2019 /CNW/ -- Pyxus International,
Inc. (NYSE: PYX), a global value-added agricultural company, has
signed an agreement with NC State University's College of
Agriculture and Life Sciences (CALS) to fund research designed to
determine the impacts of using differing fertility rates on hemp
plants grown in a greenhouse environment.
The research will identify and quantify if the hemp plant's
overall growth, as well as its cannabinoid and CBD quantity and
quality, are impacted by varying fertility rates. Information
gathered from the trials will be used to address knowledge gaps in
hemp production in order to help farmers optimize their operations
and grow the highest-quality hemp crops.
"It is our intention that findings from this research will help
to establish best practices in hemp cultivation. These best
practices can then be transferred to hemp farmers, and in turn,
will lead to a reliable, high-quality source of CBD, which can be
incorporated in products like our affiliate Criticality's Korent
and Korent Select brands," said Bryan
Mazur, Executive Vice President of Global Specialty Products
at Pyxus International.
Pyxus' agreement with NC State is
the second research partnership the company has announced in 2019.
In August, Pyxus and Cornell
University's College of Agriculture and Life Sciences
entered into an agreement that will also result in hemp cultivation
data.
"In a rapidly growing industry, these partnerships will provide
valuable data and insight to farmers, as well as consumers looking
to understand hemp and CBD," said Mazur. "We value the work
NC State's talented researchers have
already accomplished in this space and we are excited to work with
them to further advance the industry for farmers and consumers in
our home state and around the world."
"The interest in hemp production is vast, and although we've
made progress, there's still a lot we do not know about the most
efficient and profitable ways to grow hemp," said Brian Whipker, professor and Extension
specialist in commercial floriculture production for NC State. "Pyxus' funding will help continue to
advance our research to identify the fundamental agronomic science
necessary to empower hemp growers."
Aspects of the research generated in collaboration with
NC State will help to populate
open-source best practices for hemp cultivation. The project is
expected to continue through 2022.
About Pyxus International Inc.
Pyxus International
Inc. (NYSE:PYX) is a global agricultural company with 145 years'
experience delivering value-added products and services to
businesses and customers. Driven by a united purpose—to transform
people's lives, so that together we can grow a better world—Pyxus
International, its subsidiaries and affiliates, are trusted
providers of responsibly sourced, independently verified,
sustainable and traceable products and ingredients. For more
information, visit www.pyxus.com.
About NC State's College of
Agriculture and Life Sciences
NC State University's College
of Agriculture and Life Sciences (CALS) lives the land-grant
mission through our 12 academic departments, research and
extension services. What we think and do helps transform challenges
into agriculture and life sciences opportunities that create
economic, intellectual and societal prosperity across the state and
around the world.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains "forward-looking
statements" as defined in the Private Securities Litigation Reform
Act of 1995. These statements are based on current expectations of
future events. Such statements include, but are not limited to,
statements about future financial and operating results, plans,
objectives, expectations and intentions and other statements that
are not historical facts. Such statements are based on the current
beliefs and expectations of management and are subject to
significant risks and uncertainties. If underlying assumptions
prove inaccurate or known or unknown risks or uncertainties
materialize, actual results may differ materially from those
currently anticipated expected or projected. The following factors,
among others, could cause actual results to differ from those
expressed or implied by the forward-looking statements: changes in
laws and regulations or the interpretation of laws and regulations,
continued compliance with applicable regulatory requirements, and
uncertainties with respect to the timing and outcome of any of the
contemplated research. Additional factors with respect to risks and
uncertainties with respect to an investment in the common stock of
Pyxus International, Inc. can be found in its Annual Report on Form
10-K for the period ended March 31,
2019, and its other filings with the Securities and Exchange
Commission (the "SEC") which are available at the SEC's Internet
site (http://www.sec.gov).
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SOURCE Pyxus International, Inc.