YGYI - Youngevity Inks Hemp Deal Worth $60 Million Over 5 Years - What Investors Want To Consider
Youngevity (YGYI) announced today that its wholly owned subsidiary, Khrysos Industries, Inc., has entered into a 5-year Supply Contract with Magu Maiden Farms, LLC to provide extraction services and end-to-end processing of hemp biomass. Khrysos will produce isolate, water soluble isolate, distillate, and water-soluble distillate hemp-derived products. Extraction and post-processing fulfillment and revenues are anticipated to begin in the fourth quarter of 2019, with revenues forecasted at $60 million through 2024 based on current market conditions and assuming, among other things, our ability to secure buyers for the produced product and the supplier’s