Leading omni-direct lifestyle company Youngevity
International (NASDAQ: YGYI) announced on Thursday that its wholly-owned
subsidiary, Khrysos Industries, has closed on a 45-acre area of land in Central
Florida. The multi-purpose site will hold a 5-acre greenhouse, a research and
development (“R&D”) facility committed to hemp plant genetic research, a
post processing tolling facility, and 20 acres of farmable land for future use.
In addition, the company has leased an 8,800 square foot facility in Central Florida
to serve as the assembly, manufacturing, and production facility for Khrysos’
one-ton Hyper Supercritical extraction systems. “This is an exciting time for
Khrysos Industries as we focus on capitalizing on the shortage of production of
non-THC oil into isolate and distillate and begin to address the growing
shortage of quality tissue culturing and seed availability within the hemp
industry. The pre-fabricated buildings are scheduled to be delivered to the
site in the middle of March and the 5-acre greenhouse will begin to be
assembled in early April. We anticipate pre-production processing beginning on
a small scale in early April and ramping up to full production with our
end-to-end system in early July,” Khyrsos Industries president Dwayne Dundore stated
in the news release. “We anticipate that our genetics research facility and our
greenhouse production capabilities will be at full-scale in the production of
tissue culturing and quality hemp seeds as we move into the 2020 growing
season.”
To view the full press release, visit http://ibn.fm/fNHRP
About Youngevity International, Inc.
Youngevity International, Inc. 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, Youngevity
offers proven 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. The company was formed during
the summer 2011 merger of Youngevity Essential Life Sciences with Javalution
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.
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