QualityStocksNewsBreaks – Youngevity International, Inc.’s (NASDAQ: YGYI) CLR Roasters Executes Agreements to Expand in Nicaragua, Increase Profit Participation and Acquire Coffee Brand
Leading omni-direct lifestyle company Youngevity International (NASDAQ: YGYI) today announced that CLR Roasters, its wholly-owned subsidiary, has executed agreements with its Nicaraguan based partners, H and H Export and Marisol Siles, under which the company anticipates expanding capabilities in Nicaragua through construction of one of Central America’s largest processing mills. In addition to planned construction of new processing facilities, CLR Roasters will acquire the coffee brand Café Cachita and also, under the agreement, increase its participation with its Nicaraguan based partners from 50 percent to 75 percent of profits in the green coffee distribution business. “We are very pleased to…