Thursday, April 25, 2019

MissionIRNewsBreaks – Youngevity International Inc. (NASDAQ: YGYI) Subsidiary Secures Notable CBD Supply Contract


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.

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