Khrysos Industries, Inc., Youngevity International, Inc.'s (NASDAQ: YGYI) subsidiary and hemp enterprise, announced today that its equipment division completed the sale of a $1.5 million extraction and distillation system along with other related equipment to a customer located in the central part of the U.S. The system is fully built and scheduled to ship before the end of the month.
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Youngevity International, Inc.: (NASDAQ: YGYI),, a leading multi-channel lifestyle company operating in three distinct business segments including a commercial coffee enterprise, commercial hemp enterprise and multi-channel lifestyle company, today announced that it received an additional letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") indicating that Youngevity's is not in compliance with NASDAQ Listing Rule 5250(c) (1) because its Quarterly Report on Form 10-Q for the quarter ended March 31, 2020 (the "Form 10-Q") and Annual Report on Form 10-K for the year ended December 31, 2019 (the "Form 10-K") have not been filed on a timely basis with the Securities and Exchange Commission.
Youngevity International, Inc. (Nasdaq: YGYI), a multi-channel lifestyle company operating in three distinct business segments, including commercial coffee and commercial hemp enterprises announced that it has extended its coffee supply contract with Save Mart Supermarkets through January of 2022. The agreement includes Save Mart's private label brands and CLR Roaster's company owned Javalution Hemp Coffee Brand.
Youngevity International, Inc. (Nasdaq: YGYI), today announced that its wholly-owned subsidiary CLR Roasters has entered into a finance and supply agreement for the 2020 growing season with H&H; Export Y CIA, LTDA, funded by H&H; Export's $46,500,000 credit facility established with a Nicaraguan special purpose Agency. The credit line has been established by the Agency for the purchase of up to 49.5 million pounds (495,000 Quintals) of green coffee. CLR Roasters provided additional collateral with a value of $11.1 million dollars to secure the financing arrangement.
Youngevity International, Inc. (NASDAQ: YGYI), a leading multi-channel lifestyle company operating in three distinct business segments including a commercial coffee enterprise, commercial hemp enterprise and multi-channel lifestyle company, today announced that Mr. Dave Briskie, its President and CFO, will premier an hour long show titled Briskie Business on Wednesday, April 22nd on the ENTV Digital Platform. You may view the Briskie Business Promo Video by clicking> here<.
Youngevity® International, Inc. (NASDAQ: YGYI), a leading multi-channel lifestyle company operating in three distinct business segments including a commercial coffee enterprise and a commercial hemp enterprise, announced today its application for registration for trademark on its Hemp FX® brand has been approved by the United States Patent and Trademark Office.
Youngevity International, Inc. (Nasdaq: YGYI), today announced that its wholly-owned subsidiary CLR Roasters has forged a new distribution partnership with prestigious food distributor Krasdale Foods. Krasdale Foods, whom distributes over 12,000 SKU's of Grocery Items has been in business for over 100 years servicing over 2500 retail locations including C-Town, Bravo, Market Fresh, Aim, Shop Smart, and stop 1. Krasdale's geographic footprint includes in New York (NYC and Metro Areas), New Jersey, Connecticut, Pennsylvania, Massachusetts, and Rhode Island.
Youngevity International, Inc. (Nasdaq: YGYI), today announced that its wholly-owned subsidiaries, CLR Roasters LLC and Khrysos Industries, Inc. (the "US Partners") have entered into an agreement with H&H; Coffee Group Export Corp and The Nica Hemp Cooperative, Inc (the "Nicaragua Partners") to acquire the 2,200 acre Chaguitillo Farms in Sebaco-Matagalpa, Nicaragua. Plans provide for all electricity and a 15,000 AMP electrical service to be delivered to the property and 45,000 Square feet of buildings to be erected for extraction drying and storage, and for greenhouse space to be added to the property. The total estimated cost for the land and improvements is approximately $30,000,000 dollars, with H&H; contributing the 2,200 acre farm with an estimated value of approximately $10 million, and all the capital toward the construction of the project will be provided by The Nica Hemp Cooperative, estimated at $20 million dollars. The US Partners will initially contribute $3,000,000 of extraction equipment to the project along with its expertise in the hemp business. Additionally, subject to Nasdaq approval, the US Partners intend to issue 1.5 million shares of YGYI common stock to the Nica Hemp Cooperative in exchange for a 50% stake in the land and the improvements (having a $30,000,000 estimated value at completion) and will also issue 5 million warrants with a strike price $1.50 per share to the Nica Hemp Cooperative and the US Partners will receive a 75% controlling stake in the hemp grow and oil extraction business. The warrants will be issued when the project is completed and commences its operations
Youngevity International, Inc. (Nasdaq: YGYI), a multi-channel lifestyle company operating in three distinct business segments, including a commercial coffee enterprise and its commercial hemp enterprise today announced that effective February 11, 2020, in order to maintain compliance with the corporate governance requirements of The Nasdaq Capital Market, and specifically Listing Rule 5605(b) which provides that a listed company's board of directors shall be comprised of a majority of independent directors, Michelle Wallach and Richard Renton, two non-independent members of the Board of Directors of Youngevity International, Inc. (the "Company"), resigned as members of the Board of Directors of the Company. Steve Wallach, CEO of Youngevity International will continue as a board member and will remain the Chairman of the Board and Dave Briskie, President and CFO of Youngevity will also remain on the Board of Directors.
Youngevity International, Inc. (Nasdaq: YGYI), today announced that its wholly-owned subsidiaries, CLR Roasters LLC and Khrysos Industries, Inc. which are US Partners along with its Nicaraguan Partners have officially broken ground on the hemp grow and oil extraction joint venture project taking place on the 2,200 acre Chaguitillo Farms in Sebaco-Matagalpa, Nicaragua. The company announced the signing of the venture on April 21, 2020. The first phase of the development includes plans to run electricity that will power the 15,000 AMP electrical service that is necessary to power the project. The official electrical permits have been approved and the joint venture released a rendering of the project as an update to stakeholders and the community. To view the rendering of the project click Nica Hemp Project Rendering.
Khrysos Industries, Inc. a wholly owned subsidiary of Youngevity International, Inc. (NASDAQ: YGYI), a multi-channel lifestyle company operating in three distinct business segments including a commercial coffee enterprise and its commercial hemp enterprise announced today the launch of a web interface dedicated for the sale of the company's new line of hand sanitizers. The landing page targets both businesses and consumers and can be accessed here: www.khrysos-handsanitizer.com for immediate purchase. The hand sanitizers have been approved by the FDA and are being produced in Khrysos' Nutraceutical grade facility located in Orlando, Florida.
Youngevity International, Inc. (NASDAQ: YGYI), a leading multi-channel lifestyle company, today announced the declaration of its regular monthly dividend of $0.203125 per share of its 9.75% Series D Cumulative Redeemable Perpetual Preferred Stock (NASDAQ:YGYIP) for each of April, May and June 2020. The dividend will be payable on May 15, June 15, and July 15, 2020 to holders of record as of April 30, May 31 and June 30, 2020. The dividend will be paid in cash.
Youngevity International, Inc. (Nasdaq: YGYI), a multi-channel lifestyle company operating in three distinct business segments, including a commercial coffee enterprise and its newly acquired commercial hemp enterprise today announced that its wholly-owned subsidiary CLR Roasters is continuing its successful partnership with Major League Baseball's Miami Marlins. Café La Rica® Gourmet Espresso will continue as the Official Cafecito of the Marlins for all 2020 season home games. Café La Rica will be served on site on March 26 when the Marlins play the Philadelphia Phillies at Marlins Park in their home opener.
Youngevity International, Inc. (NASDAQ: YGYI), a leading multi-channel lifestyle company operating in three distinct business segments including a commercial coffee enterprise, commercial hemp enterprise and multi-channel lifestyle company, today announced that it received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") indicating that, as a result of Youngevity's delay in filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2019 (the "Form 10-K"), Youngevity is not in compliance with the timely filing requirement for continued listing under Nasdaq Listing Rule 5250(c)(1). The notification letter has no immediate effect on the listing or trading of Youngevity's common stock on the Nasdaq Market.
Youngevity International, Inc. (NASDAQ: YGYI), a leading multi-channel lifestyle company operating in three distinct business segments including a commercial coffee enterprise, commercial hemp enterprise and multi-channel lifestyle company, today provided an update on the impact of the COVID-19 virus on its operations.
Khrysos Industries, Inc., Youngevity International, Inc.'s (NASDAQ: YGYI), subsidiary and hemp enterprise, yesterday (Feb. 27, 2020) hosted HIAF's first educational and networking event of 2020 at its Orlando based headquarters. Industry leaders of Florida's Hemp Industry and other HIAF Board Members were treated to a "Hemp Extraction Lab Tour & Workshop" at Khrysos Industries, which operates the largest processing facility in Florida. HIAF updates were also provided along with state and federal regulatory updates.
Khrysos Industries, Inc. a wholly owned subsidiary of Youngevity International, Inc. (NASDAQ: YGYI), a multi-channel lifestyle company operating in three distinct business segments including a commercial coffee enterprise and its commercial hemp enterprise announced today that the company has begun producing hand sanitizer in various sizes including 2 oz., 4 oz., 8 oz., and 1 Gallon Packaging. The company was granted a license by the FDA to begin producing hand sanitizer in its Orlando, FL facility. The company disclosed that there is demand for hand sanitizer for retail distribution and within the health care system including retirement homes and hospitals. The company brought online a state-of-the-art facility that features a 46,200 sq. ft. production area that includes 5,200 sq. ft. of class C7 sterile capable workspace late last year and expect to be well positioned to utilize its operation to produce hand sanitizer that is in high demand due to the impact of the coronavirus.
Youngevity International, Inc. (Nasdaq: YGYI), a multi-channel lifestyle company operating in three distinct business segments, including commercial coffee and commercial hemp enterprises announced today that its hemp derived coffee brand Javalution is now available for immediate shipping at Amazon.com. Javalution's complete line of hemp coffee is available in four flavours including House Blend, Donut Shop Blend, French Vanilla, and Dark Roast.
Youngevity® International, Inc. (NASDAQ: YGYI), a leading multi-channel lifestyle company operating in three distinct business segments including a commercial coffee enterprise and a commercial hemp enterprise, announced today that the company is exploring the divestiture of its direct selling business unit back to the original founders of the direct selling division and has entered into a non-binding term sheet regarding a potential transaction with Steve and Michelle Wallach.