Comprehensive Agreement Reached on Construction of State of the Art Processing Plant Increase in Profit Participation for CLR Roasters and Acquisition of the coffee brand Café Cachita.
Youngevity International, Inc. has announced that its wholly-owned subsidiary, CLR Roasters, has executed agreements with its Nicaraguan Based Partners, H and H Export and Marisol Silas, whereby the company anticipates expanding its capabilities in Nicaragua through the planned construction of one of the largest processing mills in Central America. In addition to the agreement to construct new processing facilities, the agreement increases CLR Roasters’ profit participation in the green coffee distribution business with its Nicaraguan Based Partners from 50% to 75% of profits. As part of the agreement CLR is also acquiring the coffee brand Café Cachita.
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