Youngevity
International (NASDAQ: YGYI), together with its wholly-owned subsidiary CLR
Roasters, today announced expansion of its operating partnership with H&H
Coffee Group Export. Under the exclusive arrangement, the parties will
cultivate hemp grow and the extraction of hemp derived cannabinoids into
hemp-based crude oil in Nicaragua’s Chagüitillo, Sebaco – Matagalpa region for
sales and distribution of hemp derived ingredients abroad. The program
will leverage YGYI’s Khrysos Industries’ intellectual property, which
manufactures Hyper Super Critical CO2 extraction systems, with CLR Roasters and
H&H’s expertise in agriculture and the creation of field to finish
products. “We have invested heavily in our Nicaragua based operations over the
last several years. We believe we are now beginning to recognize sustainable
returns on this investment,” Youngevity president and CFO Dave Briskie said in
the news release. “We have immense gratitude for the hard work and dedication
provided by Ernesto Aguila, the President of our Coffee operations, and with our
loyal partners Alain Piedra Hernandez and Marisol Siles of H&H. We strongly
believe that this new venture will further strengthen our partnerships in
Nicaragua and anticipate that this project will open up opportunities for other
countries in Central America.”
To view the full press release, visit http://ibn.fm/1SRM5
About Youngevity International Inc.
Youngevity International Inc. is a multi-channel lifestyle
company operating in three distinct business segments, including a commercial
coffee enterprise, a commercial hemp enterprise and a multi-vertical omni
direct selling enterprise. The company features a multi country 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: 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
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