YGYI - NetworkNewsBreaks - 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://nnw.fm/CktQ0). 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.’”
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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.
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