NetworkNewsBreaks – Youngevity International Inc
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Posted On: 02/13/2019 2:33:36 PM
NetworkNewsBreaks – Youngevity International Inc. (NASDAQ: YGYI) Enters Binding Agreement to Acquire Assets of Khrysos Global
Leading omni-direct lifestyle company Youngevity International Inc. (NASDAQ: YGYI) this morning announced its entry into a binding agreement to purchase all of the assets of Khrysos Global, a Florida-based manufacturer of hemp-based CBD extraction equipment. Per the update, this acquisition is intended to establish YGYI’s newly formed, wholly owned subsidiary, Khrysos Industries Inc., as a global player in the field-to-finish hemp-CBD oil, isolate and distillate market. “I’m ecstatic about this purchase and what it signals for this moment in our company’s history,” Dave Briskie, president and CFO of YGYI, stated in the news release. “The purchase of the assets of Khrysos Global should be the catalyst that launches YGYI into the hemp-CBD space. We expect it will serve as a cornerstone of our comprehensive strategy as it relates to the production, cultivation, and extraction of hemp, CBD oil, as well as other CBs (cannabinoids).” Closing of the transactions related to the purchase agreement is scheduled for February 15, 2019, subject to the satisfaction of various closing conditions.
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 announced its entry into a binding agreement to purchase all of the assets of Khrysos Global, a Florida-based manufacturer of hemp-based CBD extraction equipment. Per the update, this acquisition is intended to establish YGYI’s newly formed, wholly owned subsidiary, Khrysos Industries Inc., as a global player in the field-to-finish hemp-CBD oil, isolate and distillate market. “I’m ecstatic about this purchase and what it signals for this moment in our company’s history,” Dave Briskie, president and CFO of YGYI, stated in the news release. “The purchase of the assets of Khrysos Global should be the catalyst that launches YGYI into the hemp-CBD space. We expect it will serve as a cornerstone of our comprehensive strategy as it relates to the production, cultivation, and extraction of hemp, CBD oil, as well as other CBs (cannabinoids).” Closing of the transactions related to the purchase agreement is scheduled for February 15, 2019, subject to the satisfaction of various closing conditions.
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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