NetworkNewsBreaks – Youngevity International, In
Post# of 174
(Total Views: 160)
Posted On: 10/02/2018 5:51:28 PM
NetworkNewsBreaks – Youngevity International, Inc. (NASDAQ: YGYI) Subsidiary Reports Early Coffee Harvest
Leading omni-direct lifestyle company Youngevity International (NASDAQ: YGYI) today announced that its wholly-owned subsidiary, CLR Roasters, will be shipping coffee earlier than anticipated for its recently entered 5-year sale and processing contract which is estimated to be worth $250 million. The first year of the contract was scheduled to start producing revenue in January of 2019. The first shipments are now expected for December 2018 due to earlier than normal harvest conditions in Nicaragua. “We have 8 million pounds of coffee now in our physical possession at our mills in Nicaragua and we anticipate that our inventory levels will reach 16 million pounds of green coffee in early November. Our contract provides for early shipments, so we anticipate revenues under this contract by the end of this year. We are excited to reach the point of realizing revenue for the coffee division on this significant contract,” CLR Roasters president Ernesto Aguila stated in the news release.
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 (NASDAQ: YGYI) today announced that its wholly-owned subsidiary, CLR Roasters, will be shipping coffee earlier than anticipated for its recently entered 5-year sale and processing contract which is estimated to be worth $250 million. The first year of the contract was scheduled to start producing revenue in January of 2019. The first shipments are now expected for December 2018 due to earlier than normal harvest conditions in Nicaragua. “We have 8 million pounds of coffee now in our physical possession at our mills in Nicaragua and we anticipate that our inventory levels will reach 16 million pounds of green coffee in early November. Our contract provides for early shipments, so we anticipate revenues under this contract by the end of this year. We are excited to reach the point of realizing revenue for the coffee division on this significant contract,” CLR Roasters president Ernesto Aguila stated in the news release.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
(0)
(0)Youngevity International Inc. (YGYI) Stock Research Links
Scroll down for more posts ▼