Youngevity International, Inc. (NASDAQ: YGYI) Coffee Business Takes to the High Seas, Boosts Profits

September 20, 2018 11:09:37
  • Two-year contract brings company’s CLR Roasters coffee brand to patrons, crews of international cruise line
  • YGYI CEO appointed to board of directors of Direct Selling Association, a national trade organization representing direct selling industry
  • Q1 2018 revenues rose by 11 percent over Q1 2017 at $43 million, with gross profits increasing to $25 million
  • YGYI enters $7.7 billion cannabis market with HempFX product line

Leading omni-direct lifestyle company Youngevity International, Inc. (NASDAQ: YGYI) is making enviable strides among several sectors of the direct selling industry as it expands its brands and offerings in multiple markets. Among the latest highlights is an expansion into the lucrative cruise line industry with the signing of a two-year contract to provide the company’s CLR Roasters coffee to over 60,000 crew members serving on 60 ships, along with passengers of three luxury cruise ships, a company press release states (http://nnw.fm/X3KMw).

“We are very proud of the footprint we have established in the cruise line industry and this new contract establishes us as a worldwide player in the space. We are hopeful that this relationship will lead to other opportunities among this prestigious operator’s other six cruise line brands,” Ernesto Aguila, president of CLR and founder of the…

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