Khrysos Industries, Inc. Anticipates Production to Begin in Q4 with Revenue Potential Forecasted at $12 million Annually.
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 newly acquired commercial hemp enterprise announced today that it has entered into a 5 year Supply Contract with Magu Maiden Farms, LLC to provide extraction services and end-to-end processing to produce isolate, water soluble isolate, distillate, and water-soluble distillate hemp derived products. Extraction and post processing fulfillment and revenues are anticipated to begin in the fourth quarter of 2019 with revenues forecasted at $60 million through 2024 based on current market conditions and assuming, among other things, our ability to secure buyers for the produced product and the supplier’s ability to supply the biomass for extraction and processing.
