The Deal Expands YGYI’s Partnership with H&H Coffee Group Export to Include Hemp Grow and Leverages YGYI’s Extraction Technology Developed by Wholly owned Subsidiary Khrysos Industries.
San Diego, Calif. — November 12, 2019 – CLR Roasters, a Miami, Florida based company and wholly owned subsidiary of Youngevity International, Inc. (NASDAQ:YGYI), announced today an expansion of their operating partnership with H&H Coffee Group Export as the parties have entered into an exclusive arrangement to cultivate hemp grow and the extraction of hemp derived cannabinoids into hemp-based crude oil in the Chagüitillo, Sebaco – Matagalpa region of Nicaragua for sales and distribution of hemp derived ingredients abroad. The program will leverage the intellectual property of YGYI’s Khrysos Industries, which manufactures Hyper Super Critical CO2 extraction systems, with CLR Roasters and H&H Coffee Export Group’s expertise in agriculture and the creation of field to finish products.
