Pyxus International (NYSE:PYX) announced that its wholly-owned indirect subsidiary Figr Brands has launched a line of tetrahydrocannabinol (THC) vape products in the Canadian marketplace.
As quoted in the press release:
The line includes a vaping device and pods designed exclusively for the device.
The launch of the product line follows the phase two implementation of Canada’s recreational cannabis legalization process, frequently referenced as Cannabis 2.0.
“The Canadian government’s green light for derivative cannabis products, including vape, presents the opportunity for Figr to progress its product diversification in order to meet the growing demand for high-quality, adult-use cannabis products,” said Pyxus President, CEO and Chairman Pieter Sikkel. “The launch of Figr’s new products is particularly timely, as the company continues to expand its footprint across Canada.”