Youngevity (YGYI) announced on November 12th that its wholly owned subsidiary CLR Roasters has obtained exclusive national and regional rights to grow and process hemp in Nicaragua. About a year ago, I speculated that Youngevity might well replicate its successful coffee business in Nicaragua to hemp. The costs of labor and land in Nicaragua create more leverage in coffee, and that same leverage can now apply to hemp.
CLR Roasters has a long-standing partnership with H&H Coffee Group for the supply and processing of coffee. That relationship can now expand to hemp. This