Youngevity International (NASDAQ: YGYI), a leading
omni-direct lifestyle company, recently announced that its Khrysos Global
subsidiary secured a contract to produce 99% pure cannabidiol oil from hemp
with no tetrahydrocannabinol (THC). An article discussing the company reads,
“The one-year supply and processing agreement is expected to begin with
shipments this month and continue in equal amounts through March 2020,
amounting to what Khrysos President Dwayne Dundore described as 50 percent of
the company’s production capacity utilizing its supercritical CO2 technology (http://ibn.fm/FH1l7). Contracts
for the remainder of the company’s production capacity are expected to be
executed during ‘the next few months,’ he added. . . . ‘We are excited to reach
the revenue stage for the end-to-end processing component of our business
model,’ Dundore stated in the news release. ‘Due to customer demand, we are
implementing our plan of increasing our end-to-end processing capabilities by
10 times in Q3 of this year, providing estimated annual revenue potential in
excess of $220 million at current market prices.’”
To view the full article, visit http://ibn.fm/oDUZd
About Youngevity International Inc.
Youngevity International Inc. is a multichannel lifestyle
company operating in three distinct business segments — a commercial coffee
enterprise, a commercial hemp enterprise and an omni-direct selling platform.
The company features an international selling network and has assembled a
virtual main street of products and services under one corporate entity. YGYI
offers products from the six top-selling retail categories, including
health/nutrition, home/family, food/beverage (including coffee), spa/beauty,
apparel/jewelry and innovative services. For more information, visit the
company’s website at www.YGYI.com.
NOTE TO INVESTORS: The latest news and updates
relating to YGYI are available in the company’s newsroom at http://ibn.fm/YGYI
About MissionIRNewsBreaks
MissionIRNewsBreaks provide
a rapid summary of corporate news that catch the attention of MissionIR. MissionIRNewsBreaks are created by
our Team of professional journalists that keep a constant eye on the markets,
these posts are designed to inform you on the latest happenings of our clients
and other publicly traded companies on our radar. From earnings, acquisitions
and agreements to conference attendance and clinical study results, our news
breaks keep you up-to-date with the day’s top movers. MissionIR is primarily
focused on strategic communications. We have executed countless communications
programs to address the needs of companies ranging from start-ups to
established industry leaders, gaining valuable experience and the expertise
necessary to determine the most effective strategy for any given situation.
Please see full terms of use and disclaimers on the Mission
Investor Relations website applicable to all content provided by MIR, wherever
published or re-published: http://www.missionir.com/disclaimer.html
