1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
PRNewswire
PRNewswire
Articles 

Khrysos Industries, Inc., a wholly owned subsidiary of Youngevity International, Inc. (NASDAQ: YGYI), secures $1.5 Million Equipment Deal

February 27, 2020 | About:

Transaction includes 2 K250 Extraction Systems, 3 Rotary Evaporators, a Distillation System and Ancillary Items

PR Newswire

ORLANDO, Fla., Feb. 27, 2020 /PRNewswire/ -- 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.

Khrysos Industries, Inc. secures $1.5 Million Equipment Deal with Transaction that includes 2 K250 Extraction Systems, 3 Rotary Evaporators, a Distillation System and Ancillary Items

"We are excited to place two of our state-of-the-art CO2 extraction systems, and other hemp processing systems with a new account located in the Midwest. We are encouraged to see smart customers looking for more efficient and cost-effective systems like we offer at Khrysos," said Dwayne Dundore PhD, President of Khrysos.

"Our vision has been to operate in all vertical markets within the hemp space. Now that our 82,000 square foot facility is coming up to production levels for ingredients sales, tolling, and finished good processing it is exciting to see our equipment division get back to the original roots of Khrysos, which is providing state of the art equipment for the hemp industry," said Dave Briskie, President and CFO of YGYI, about its wholly owned subsidiary Khrysos Industries.

About Khrysos Industries, Inc.

Khrysos Industries is a leading manufacturer of commercial hemp-based CBD extraction, post processing equipment, and end-to-end processor of CBD isolate, distillate, water soluble Isolate, and water-soluble distillate. Its subsidiary, INX Laboratories provides a broad range of testing services including potency analysis for its supply partners of hemp derived CBD products. Khrysos provides hemp growers, feedstock suppliers, and CBD crude oil producers the use of equipment, intellectual capital, production consultancy, tolling services, and wholesale CBD channel sales capabilities. Khrysos Industries was acquired by Youngevity International (NASDAQ: YGYI) on February 12th, 2019. Be sure to visit us at khrysosglobal.com, like us on Facebook and follow us on Twitter, or contact us at [email protected].

About Youngevity International, Inc.

YGYI, Inc. (NASDAQ: YGYI), is a leading omni-direct lifestyle company offering a hybrid of the direct selling business model, that also offers e-commerce and the power of social selling. Assembling a virtual Main Street of products and services under one corporate entity YGYI offers products from the eight top-selling retail categories: health/nutrition, home/family, food/beverage (including coffee), spa/beauty, fashion, essential oils, photo, as well as innovative services. The Company was formed in the course of the summer 2011 merger of Youngevity Essential Life Sciences with Javalution® Coffee Company (now part of the company's food and beverage division). The resulting company became Youngevity International, Inc. in July 2013. For investor information, please visit YGYI.com. Be sure to like us on Facebook and follow us on Twitter.

To receive future press releases via email, please visit: https://ygyi.com/investors/email-alerts/

Safe Harbor Statement
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases forward-looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," "estimates," and similar expressions, and includes statements regarding shipping the extraction and distillation system before the end of the month and our vision to operate in all vertical markets within the hemp space. These forward-looking statements are based on management's expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, our ability to complete the order for the extraction and distillation system, our ability to operate in all vertical markets within the hemp space ,our ability to continue our hemp segment and coffee segment growth, our ability to continue our international growth, our ability to leverage our platform and global infrastructure to drive organic growth, our ability to improve our profitability, expand our liquidity, and strengthen our balance sheet, our ability to continue to maintain compliance with the NASDAQ requirements, the acceptance of the omni-direct approach by our customers, our ability to expand our distribution, our ability to add additional products (whether developed internally or through acquisitions), our ability to continue our financial performance and the other factors discussed in our Annual Report on Form 10-K for the year ended December 31, 2018 and our subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.

Contacts:

Youngevity International, Inc.
Dave Briskie
President and Chief Financial Officer
800-982-3189 X6500

Investor Relations
YGYI Investor Relations
800-504-8650
[email protected]

YGYI Logo (PRNewsfoto/Youngevity International, Inc.)

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/khrysos-industries-inc-a-wholly-owned-subsidiary-of-youngevity-international-inc-nasdaq-ygyi-secures-1-5-million-equipment-deal-301012420.html

SOURCE Youngevity International, Inc.


Rating: 0.0/5 (0 votes)

Comments

Please leave your comment:



Performances of the stocks mentioned by PRNewswire


User Generated Screeners


pjmason14Momentum
pascal.van.garsseHigh FCF-M2
kosalmmuse6
kosalmmuseBest one1
DBrizanall 2019Feb26
kosalmmuseBest one
DBrizanall 2019Feb25
kosalmmuseNice
kosalmmusehan
MsDale*52-Week Low
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)