Khrysos Industries, Inc. a wholly owned subsidiary of Youngevity International, Inc. (NASDAQ: YGYI) Reveals State of the Art, Florida Based Hemp Processing and Manufacturing Facility

Khrysos Industries, Inc. a wholly owned subsidiary of Youngevity International, Inc. (NASDAQ: YGYI) Reveals State of the Art, Florida Based Hemp Processing and Manufacturing Facility. The 82,000 Square Foot, GMP Qualified Facility will be New Home for Khrysos’ Centralized Post Processing and Finished Goods Manufacturing.

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.

Youngevity International, Inc. Reports 2019 Second Quarter and Six Months Results

YGYI, Inc. reports 2019 second quarter and six months results. Steve Wallach, Chairman and CEO of Youngevity International stated, “We are pleased with our quarter over quarter revenue growth and we are encouraged by the increase in gross profits and in Adjusted EBITDA over Q2 2018.  We are making progress toward stabilizing revenues in our direct selling segment and this combined with strong revenue delivered by our commercial coffee segment has provided our second consecutive quarter of Q over Q growth.”

Youngevity’s HEMP FXTM Brand Adds Pet Chews

YGYI, Inc. announced today that its HEMP FXTM Brand is adding Pet Chews to its line of hemp infused products.  HEMPFX™ Pet Chews is designed for dogs and cats who may benefit from the natural support of phytocannaobinoid rich hemp oil.  This tasty treat offers pets wholesome plant-based ingredients and delivers natural health benefits from phytocannaobinoid rich hemp oil.  Youngevity’s HEMP FXTM brand of products was introduced in last August 2018 and yesterday was just featured in a Forbes Article titled “It’s National CBD Day: Have Your Tried These Products?”

YGYI’s CLR Roaster’s Adds Industry Veteran Omar Peraza

YGYI announced that 35 year industry veteran Omar Peraza has been hired to lead the expansion of the company’s food service expansion.  Mr. Peraza’s key areas of expertise include sales, sales management, service operations, institutional and office coffee sales, route sales, fleet management and major contract negotiations along with a global view of all aspects of the coffee industry.

YGYI’s Khrysos Industries, Closes $19 Million Supply Agreement for Sale and Processing of CBD Water Soluble Isolate

YGYI announced today that it executed a one year Supply and Processing Agreement to produce water soluble CBD (No THC) Isolate expected to generate $19 million in revenues.  Shipping under the agreement is expected to begin in August 2019 and continue through July of 2020.  The one-year agreement also contains customary annual renewal clauses.