Pyxus' Indirect Canadian Subsidiary, FIGR, Welcomes New President

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Dec 10, 2018, 06:30 ET

MORRISVILLE, N.C., Dec. 10, 2018 /PRNewswire/ -- Pyxus International, Inc. (NYSE: PYX) is pleased to announce its wholly owned indirect Canadian subsidiary, FIGR Inc., has hired Harvey Carroll as its new President. Carroll assumes the role effective immediately.

"Pyxus' investment in legal, adult-use recreational cannabis in Canada is a key component of the company's strategic growth plans," said Pieter Sikkel, Pyxus' president, CEO and chairman of the board. "Harvey's extensive experience in related industries will be of tremendous benefit, and his proven track record of growth and maximization will be invaluable as the FIGR team advances its corporate strategy."

Carroll brings more than 25 years of experience in the alcohol beverage, food, and media and communications industries to the FIGR leadership team. Most recently, he served as the CEO of Canadian operations for IPG Mediabrands, where he doubled the firm's staff to more than 500 employees and transformed the business into a true market leader, while significantly improving the agency's profitability. Prior to his time at IPG Mediabrands, he served as President of Grip Limited and Vice President of Marketing of Labatt Breweries, North America.

"What differentiates FIGR from other brands in the marketplace is what attracted me to the company. Its use of SENTRI track-and-trace technology offers consumers what they need: knowledge of and confidence in what they are consuming," Carroll said. "I am excited to elevate this technology, partnered with the company's agronomic expertise and 10-step growing process, to continually develop our innovation pipeline."

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.pyxusintl.com.

About FIGR, Inc.

FIGR is a vertically integrated legal cannabis company headquartered in Toronto, Ontario, that operates under one sole purpose: to put character into everything it does. FIGR cannabis is sourced from the company's two licensed subsidiaries—Canada's Island Garden, in Charlottetown, Prince Edward Island, and Goldleaf Pharm, in Simcoe, Ontario. FIGR is a wholly owned indirect subsidiary of Pyxus International, Inc. (NYSE: PYX). For more information, visit www.figr.com.

SOURCE Pyxus International, Inc.