U.S. Tobacco Supplier Pyxus Has Filed For Bankruptcy & Is Selling Off Canadian Cannabis Subsidiaries

MJ Biz reports…

U.S. tobacco company Pyxus International has sold off its Canadian cannabis subsidiaries, according to a media report and court filings.

North Carolina-based Pyxus announced in January that it was divesting its Canadian assets, which included Figr Brands, Canada’s Island Garden, and Figr Norfolk, after filing for bankruptcy protection in June 2020.

Figr Brands and Canada’s Island Garden are being acquired by a group of Prince Edward Island investors, according to a Wednesday report in Atlantic Canada media outlet SaltWire Network.

Read their full report


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