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Posted On: 07/19/2019 5:48:45 PM
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NetworkNewsBreaks – Youngevity International Inc.’s (NASDAQ: YGYI) Khrysos Industries Enters $19M CBD Water Soluble Isolate Supply and Processing Agreement
Youngevity International (NASDAQ: YGYI), a leading multi-channel lifestyle company, this morning announced entry of its wholly owned subsidiary, Khrysos Industries, into a one year supply and processing agreement to produce water soluble CBD Isolate, which contains no THC and is expected to generate revenues of $19 million. According to the update, shipping under the agreement is expected to begin in August 2019 and continue through July of 2020. Customary annual renewal clauses are also contained in the one-year agreement. “The commercial hemp industry is becoming aware of the capabilities and uniqueness of Khrysos Industries,” YGYI President and CFO Dave Briskie said in the news release. “We continue to develop a strategic business model that is multi-dimensional and offers full service capabilities in the burgeoning hemp space. We remain focused on developing and expanding our capabilities in extraction, end to end processing, testing, and turn key product manufacturing solutions for the hemp industry.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Youngevity International (NASDAQ: YGYI), a leading multi-channel lifestyle company, this morning announced entry of its wholly owned subsidiary, Khrysos Industries, into a one year supply and processing agreement to produce water soluble CBD Isolate, which contains no THC and is expected to generate revenues of $19 million. According to the update, shipping under the agreement is expected to begin in August 2019 and continue through July of 2020. Customary annual renewal clauses are also contained in the one-year agreement. “The commercial hemp industry is becoming aware of the capabilities and uniqueness of Khrysos Industries,” YGYI President and CFO Dave Briskie said in the news release. “We continue to develop a strategic business model that is multi-dimensional and offers full service capabilities in the burgeoning hemp space. We remain focused on developing and expanding our capabilities in extraction, end to end processing, testing, and turn key product manufacturing solutions for the hemp industry.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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