Youngevity International (NASDAQ: YGYI), a leading
multi-channel lifestyle company operating in three distinct business segments
including a commercial coffee enterprise and a commercial hemp enterprise,
together with its wholly owned subsidiary, Khrysos Industries, Inc., today announced
that its tolling operation within its 82,000 square foot facility in Orlando,
Florida has filled 42% of its available capacity generating $1.2 million of
revenue for February tolling production. According to the update, Khrysos
Industries tolling operation represents one revenue segment of Youngevity’s
hemp enterprise. “Our current capacity for our tolling operations, at current
prices, provides us the opportunity to generated monthly revenue of
approximately $3 million per month,” YGYI President and CFO Dave Briskie said
in the news release. “Currently, we are seeing strong demand for tolling of
crude oil and we anticipate that this will continue throughout 2020. We remain
committed to our hemp enterprise and its fully vertical capabilities in ingredient
production, tolling, extraction and processing equipment sales, and finished
goods and packaging.”
To view the full press release, visit http://ibn.fm/NadM7
About Youngevity International, Inc.
YGYI, Inc. (NASDAQ: YGYI), is a leading omni-direct
lifestyle company offering a hybrid of the direct selling business model, that
also offers e-commerce and the power of social selling. Assembling a virtual
Main Street of products and services under one corporate entity, YGYI offers
products from the eight top-selling retail categories: health/nutrition,
home/family, food/beverage (including coffee), spa/beauty, fashion, essential
oils, photo, as well as innovative services. The Company was formed in the
course of the summer 2011 merger of Youngevity Essential Life Sciences with
Javalution(R) Coffee Company (now part of the company’s food and beverage
division). The resulting company became Youngevity International, Inc. in July
2013. 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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