US (CA): YGYI reveals expansion plans with closing of acquisition of 45-acre in central Florida

Youngevity International has announced that its wholly-owned subsidiary, Khrysos Industries, has closed on a 45-acre tract of land in Central Florida. The company advised that it intends to move quickly to erect two separate, already contracted, pre-fabricated 2,800-square-foot buildings on the land – one of which will be dedicated as a revenue center focused on toll processing utilizing Khrysos' new continuous flow post processing system. "This end-to-end industrial food grade stainless steel system combines falling film ethanol removal, wiped-film first and second-stage distillation, all in one system with estimated 480 liter production through put capacity. The system also includes decarboxylation and filtration. The second building will be dedicated to hemp genetic research with the aim at increasing specific yields of certain cannabinoids. This combined with the 5-acre greenhouse will allow for the production of tissue culturing and quality hemp seed production.", the team with the company explains. Additionally, the company announced it has leased an 8,800 square foot facility in Central Florida that will serve as the assembly, manufacturing, and production facility for Khrysos' one-ton Hyper Supercritical extraction systems.

"The pre-fabricated buildings are scheduled to be delivered to the site in the middle of March and the 5-acre greenhouse will begin to be assembled in early April. We anticipate pre-production processing beginning on a small scale in early April and ramping up to full production with our end-to-end system in early July," , says Dwayne Dundore, President of YGYI's newly-formed Khyrsos Industries. "We anticipate that our genetics research facility and our greenhouse production capabilities will be at full-scale in the production of tissue culturing and quality hemp seeds as we move into the 2020 growing season."

For more information:
Youngevity International
2400 Boswell Road
Chula Vista, CA 91914
T: (619) 934-3980
F: (619) 934-3205
investors@ygyi.com  
ygyi.com  


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