Youngevity International (NASDAQ: YGYI) today
announced that its wholly-owned subsidiaries, CLR Roasters LLC and Khrysos
Industries, Inc., along with its Nicaraguan Partners, have officially broken
ground on the hemp grow and oil extraction joint venture project on Chaguitillo
Farms in Sebaco-Matagalpa, Nicaragua. The first phase of the development
project includes plans to run electricity that will power the 15,000 AMP
electrical service that is necessary to power the project. Per the news
release, the official electrical permits have been approved. As an update to
stakeholders and the community, the joint venture also released a rendering of
the project (http://ibn.fm/6aQ6M).
“It is impressive to see how quickly this project is getting off the ground and
we are grateful for the collaboration between our hemp enterprise, our coffee
enterprise and our strategic business partners in Nicaragua. We are proud to
share our first of what will be many updates to all stakeholders,” Youngevity president
and CFO Dave Briskie stated in the news release.
To view the full press release, visit http://ibn.fm/X6uS9
About Youngevity International
Youngevity International 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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