Khrysos Industries, Inc. a wholly owned subsidiary of Youngevity International, Inc. (NASDAQ: YGYI) Enters Into a 5 Year Supply Contract to purchase Hemp Plant Biomass for Extraction Processing and Post Production of Hemp Derived Products.
YGYI Inc. announced today that it has entered into a 5 year Supply Contract with DJB Industries Inc. to provide extraction services and end-to-end processing to 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 first quarter of 2020 with revenues forecasted in excess of $ 170 million through 2025 based on current market conditions and assuming, among other things, our ability to secure buyers for the produced product and the supplier’s ability to supply the biomass for extraction and processing.
