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Release: Criticality forms global alliance.

February 9, 2018

 

We're pleased to announce that Alliance One International has acquired a stake in our manufacturing arm, Criticality USA!!! Onward and upward!

"In December 2017, our subsidiary Pure-Ag NC, LLC, acquired a 40% equity position in North Carolina-based Criticality, LLC ("Criticality"), with triggers that allow for consolidation up to 50% on or after March 31, 2020. Criticality utilizes the strength of our farmer network to grow industrial hemp in North Carolina under the state's pilot program, which is then used for cannabidiol hemp oil ("CBD") extraction in Criticality's facility in North Carolina. Our five year goal is to become a leader in CBD production and consumer products."

http://phx.corporate-ir.net/phoenix.zhtml?c=96341&p=irol-newsArticle&ID=2331502

 

 

 

 

 

 

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