- Youngevity
International named among ‘Top 100 Global Direct Selling Companies’
- Khrysos
Industries, one of Youngevity’s subsidiaries, recently acquired 45 acres
of land geared for research and development, as well as hemp plant genetic
research
- CLR
Roasters, another of Youngevity’s subsidiaries, has experienced burgeoning
success within the coffee and espresso market
Youngevity International Inc. (NASDAQ: YGYI), a leading
omni-direct lifestyle company, expects to see continued growth in 2019 as a
result of its powerhouse subsidiaries, which are increasing their industry
presence through retail expansion and land acquisition.
The company, which has been named among the ‘Top 100 Global
Direct Selling Companies’, holds a diversified portfolio of goods and services
in a variety of markets. Specifically, Youngevity offers products in the top
eight most profitable retail categories of health and nutrition, home and
family, food and beverage (including coffee), spa and beauty, fashion, essential
oils, photo and innovative services. Additionally, the company is seeking
inroads to the newly profitable cannabis market. Through all of its endeavors,
Youngevity assists individuals in embracing a healthy and empowered lifestyle.
One of Youngevity’s wholly owned subsidiaries, Khrysos
Industries, is looking to substantially expand through its acquisition of a
45-acre tract of land. Plans for this tract include a research and development
facility focused on hemp plant genetic research, a five-acre greenhouse and 20
acres of farmable land. These investments are intended to increase specific
yields of certain cannabinoids, which will foster the production of tissue
culturing and quality hemp seed production. In a news release, Dwayne Dundore,
president of Khyrsos Industries, described (http://ibn.fm/tFlmq) the increasing industry demand for
producing “non-THC oil into isolate and distillate.” He noted that Khyrsos’
land acquisition will “begin to address the growing shortage of quality tissue
culturing and seed availability within the hemp industry.”
Another of Youngevity’s wholly owned subsidiaries, CLR
Roasters, has seen rising success within the coffee and espresso market through
several of its key brands. One such recently acquired brand, Cafe Cachita
espresso, is now being distributed in multiple Southeastern grocers, including
all Winn Dixie, Bi-Lo, Fresco Y Mas and Harvey stores. Spreading its retail
footprint across the southern United States, Cafe Cachita will now be available
in Florida, Georgia, Alabama, Louisiana, Mississippi and North and South
Carolina.
Another one of CLR Roaster’s prominent brands, Cafe La Rica,
has begun occupying 209 Save Mart locations on the West Coast. The company’s
flagship brand was named the “Official Cafecito” of Major League Baseball’s
Miami Marlins in 2017, and, since then, it has enjoyed continued retail
popularity.
Company leaders are excited to see YGYI’s multi-brand
strategy paying off in increased revenues and industry presence. In a news
release (http://ibn.fm/qEszY),
Ernesto Aguila, president of CLR and founder of the Cafe La Rica brand, noted,
“We are quite enthusiastic to see the growth of our company owned brands early
success this year. The expansion of Cafe La Rica, Cafe Cachita, and Josie’s
Java House is a major focus for our company this year.” Youngevity’s president
and CFO, Dave Briskie, added (http://ibn.fm/p4HzN),
“Our strategy of adding Cafe Cachita to our brand portfolio is designed to
command more shelf space in the espresso category at retail. We appreciate the
early success.”
For more information, visit the company’s website at www.Youngevity.com
NOTE TO INVESTORS: The latest news and updates relating to YGYI are available in the company’s newsroom at http://ibn.fm/YGYI
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