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://ibn.fm/FH1l7). 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.’”
To view the full article, visit http://ibn.fm/qch6Q
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.
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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