NetworkNewsBreaks – With Introduction of Hemp FX
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Posted On: 08/30/2018 6:43:56 PM
NetworkNewsBreaks – With Introduction of Hemp FX™ Product Line, Youngevity International, Inc. (NASDAQ: YGYI) Enters $7.7B Cannabis Market
Leading omni-direct lifestyle company Youngevity International, Inc. (NASDAQ: YGYI) this morning highlighted its new Hemp FX™ product line, which was introduced at the company’s 2018 convention in San Diego, California. The new line consists of three proprietary blends of hemp-derived cannabinoid products (Soothe™, Relax™ and Uplift™) and gives Youngevity a foothold in the $7.7 billion cannabis market. Per the update, a limited quantity of the new formulas was available for pre-sale purchase to attendees at Youngevity’s convention, and this offering quickly sold out. The company expects to introduce the Hemp FX™ product line to the public soon, with the official launch anticipated to take place by October 2018.
“Hemp-derived cannabidiol aligns with what we do very well,” Steve Wallach, CEO of Youngevity, stated in the news release. “We’ve taken what we know about essential nutrients, along with decades of knowledge specializing in natural, plant-based nutrition and their most beneficial nutrients and put that knowledge to work to develop high-end cannabidiol products.”
Youngevity’s direct entry into the thriving global cannabis market comes as industry analysts continue to forecast sustained growth in the coming years. A recent report from Direct Selling News notes, “According to recent data published by Forbes, citing Brightfield Group, the global cannabis market is projected to reach $31.4 billion by 2021. By end of 2017, the global market value was estimated at $7.7 billion.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Leading omni-direct lifestyle company Youngevity International, Inc. (NASDAQ: YGYI) this morning highlighted its new Hemp FX™ product line, which was introduced at the company’s 2018 convention in San Diego, California. The new line consists of three proprietary blends of hemp-derived cannabinoid products (Soothe™, Relax™ and Uplift™) and gives Youngevity a foothold in the $7.7 billion cannabis market. Per the update, a limited quantity of the new formulas was available for pre-sale purchase to attendees at Youngevity’s convention, and this offering quickly sold out. The company expects to introduce the Hemp FX™ product line to the public soon, with the official launch anticipated to take place by October 2018.
“Hemp-derived cannabidiol aligns with what we do very well,” Steve Wallach, CEO of Youngevity, stated in the news release. “We’ve taken what we know about essential nutrients, along with decades of knowledge specializing in natural, plant-based nutrition and their most beneficial nutrients and put that knowledge to work to develop high-end cannabidiol products.”
Youngevity’s direct entry into the thriving global cannabis market comes as industry analysts continue to forecast sustained growth in the coming years. A recent report from Direct Selling News notes, “According to recent data published by Forbes, citing Brightfield Group, the global cannabis market is projected to reach $31.4 billion by 2021. By end of 2017, the global market value was estimated at $7.7 billion.”
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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