Youngevity International (NASDAQ: YGYI) today
announced its wholly owned subsidiary, CLR Roasters, has entered into a finance
and supply agreement for the 2020 growing season with H&H Export Y CIA,
LTDA, funded by H&H Export’s $46,500,000 credit facility. The credit line,
which has been established by a Nicaraguan special purpose agency, is for the
purchase of up to 49.5 million pounds, or 495,000 Quintals, of green coffee.
CLR Roasters provided further collateral totaling a value of $11.1 million to
secure the financing arrangement. CLR Roasters intends to process the green
coffee beans for the 2020 growing season at its new, state of the art
production facility, and expects to have the processing plant fully online by
July. “This is a big deal for CLR. We believe we are now well positioned to
exceed last year’s record revenue and profit numbers. Having these significant
financial resources should be a key component for driving our 2020 green coffee
program,” CLR Roasters president Ernesto Aguila stated in the news release.
To view the full press release, visit http://ibn.fm/jOjV8
About Youngevity International
Youngevity International, Inc. (NASDAQ: YGYI), 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, as well as 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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