Sunday 19 May 2024
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YGYI’s CLR Roasters ships first 3.8 mln pounds of coffee under 5y contract

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SAN DIEGO, U.S. — Youngevity International, Inc. (YGYI), a leading omni-direct lifestyle company, announced today that its wholly-owned subsidiary, CLR Roasters, has begun processing and shipping its first containers of green coffee under its recently entered 5-year green coffee contract. The company already has orders against the contract for 230 containers scheduled to ship in the first quarter of this year.

The initial coffee shipments are for predominantly Strictly High Grown washed Nicaraguan conventional coffees, although 15 containers of naturals were part of the initial shipments.

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“We are very pleased to see this contract producing revenue as we kick off 2019,” stated Dave Briskie, President and CFO of Youngevity, CLR Roaster’s parent company. “We have already taken possession of 35 million pounds of green coffee and the processing is well under way. This represents 77% of the green coffee needed to meet our targets outlined in the contract and we do not anticipate any obstacles in acquiring the final 13% of the green coffee required for year one.”

Marisol Siles, President of Siles Family Plantation Group, stated, “We are proud to have reached the point of generating revenue under this significant contract. It is gratifying to see the employment opportunities being realized as a result of this contract. We truly have become a major employer in Matagalpa, Nicaragua.”


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