YGYI - NetworkNewsBreaks - Youngevity International Inc.'s (NASDAQ: YGYI) Khrysos Industries Enters $11 Million Supply Contract for CBD Isolate Powder
Leading omni-direct lifestyle company Youngevity International Inc. (NASDAQ: YGYI) today announced that it has executed a one-year supply and processing agreement to produce 99 percent pure CBD (no THC) isolate. The company expects to begin shipping under the contract this month and continue in equal amounts through March 2020. “The Khrysos Industries business model is multi-dimensional, and we are just now starting to fully leverage the capabilities of our extraction systems, end to end processing platform, and the capabilities of INX Labs,” YGYI President and CFO Dave Briskie said in the news release. “We anticipate gearing up our production capabilities across the platform as we move through 2019."
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About Youngevity International Inc.
Youngevity International Inc., an emerging conglomerate operating in three distinct business segments including a vertically integrated coffee enterprise, a vertically integrated hemp-based product development enterprise including end-to-end processing, and a direct-selling enterprise that consists of an expanding portfolio of consumer brands developed with its in-house product development team and distributed by traditional and nontraditional channels, including a multi-country, direct-selling network. For more information, visit the company’s website at www.YGYI.com
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