Pyxus International changes its tune with a shift to cannabis from tobacco
Bob Byrne, contributor for Proactive Investors, tells Christine Corrado that Pyxus International Inc. (NYSE: PYX), which recently changed its name from Alliance One International, is diving into the cannabis industry and joining the ranks of the few other US-listed cannabis companies.
The North Carolina company offers products in the leaf tobacco, e-Liquids, industrial hemp and legal cannabis industries.
Byrne says one reason why he’s focused on the company is because there are few cannabis stocks listed on major US exchanges, a lot of demand for these types of cannabis companies, but very little supply. Byrne says he believes Pyxus will have “a natural demand to it.”
Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/stocktube/10495/pyxus-international-changes-its-tune-with-a-shift-to-cannabis-from-tobacco-10495.html
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