QualityStocksNewsBreaks – Youngevity International, Inc. (NASDAQ: YGYI) Subsidiary Secures Finance and Supply Agreement for 2020 Growing Season

Youngevity International (NASDAQ: YGYI) today announced its wholly owned subsidiary, CLR Roasters, has entered into a finance and supply agreement for the 2020 growing season with H&H Export Y CIA, LTDA, funded by H&H Export’s $46,500,000 credit facility. The credit line, which has been established by a Nicaraguan special purpose agency, is for the purchase of up to 49.5 million pounds, or 495,000 Quintals, of green coffee. CLR Roasters provided further collateral totaling a value of $11.1 million to secure the financing arrangement. CLR Roasters intends to process the green coffee beans for the 2020 growing season at its new, state of the art production facility, and expects to have the processing plant fully online by July. “This is a big deal for CLR. We believe we are now well positioned to exceed last year’s record revenue and profit numbers. Having these significant financial resources should be a key component for driving our 2020 green coffee program,” CLR Roasters president Ernesto Aguila stated in the news release.

To view the full press release, visit http://ibn.fm/jOjV8

About Youngevity International

Youngevity International, Inc. (NASDAQ: YGYI), is a multi-channel lifestyle company operating in three distinct business segments including a commercial coffee enterprise, a commercial hemp enterprise, and a multi-vertical omni direct selling enterprise. The company features a multi country 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: health/nutrition, home/family, food/beverage (including coffee), spa/beauty, apparel/jewelry, as well as 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

About QualityStocksNewsBreaks

QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php