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Source: WRAL TECHWIRE, 1/22/21
Pyxus International is getting out of the canabis business and will focus on its tobacco and e-liquid operations, the company announced Thursday evening. “Our strategic decision to exit cash flow negative cannabinoid operations will allow us to reduce corporate SG&A [selling, general and administrative expense] and sharpen our focus on growing our more profitable tobacco... For more of this story, click here.
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