Youngevity
Youngevity Completes Acquisition of BeneYOU
Youngevity International, Inc. announced that is has closed the acquisition of BeneYOU, LLC’s assets with an effective date of November 1, 2019. “We are proud to welcome the customers and distributors of Jamberry, Avisae and M.Global into our organization and we look forward to showcasing all of their exciting products to Youngevity distributors and customers…
Read MoreYoungevity, BeneYOU Sign Letter of Intent
Youngevity International, Inc., and BeneYOU LLC announced they have executed a non-binding Letter of Intent whereby Youngevity will purchase certain assets of BeneYOU. Both Youngevity, a leading multi-channel lifestyle company, and BeneYOU, a nutritional and beauty products company, have acknowledged their plans to execute a definitive Asset Purchase Agreement in the coming weeks with an…
Read MoreYoungevity’s HempFX Brand Launches in Japan
Youngevity International, Inc. recently announced the launch of its phytocannabinoid-rich hemp oil product line, HempFX, in Japan. The company disclosed that three products within the HempFX line have gained the appropriate approvals and are now available for purchase in Japan: HempFX Soothe, HempFX Capsules and HempFX Tincture. “HempFX is an ideal representation of our plant-based approach to product development,”…
Read MoreYoungevity Q2 2019 Revenue Up 21%: Direct Sales Down Nearly 13%
Youngevity International, Inc. (NASDAQ: YGYI) announced revenue for Q2 2019 were $53.7 million, a 21.2 percent increase over $44.3 million in 2018. Approximately 60 percent of the company’s revenue was derived from its direct selling segment and approximately 40 percent from its commercial coffee segment. Direct selling segment revenues decreased 12.8 percent to $32.1 million in the…
Read MoreU.S. DSA Announces 2019 Officers, Directors
The U.S. Direct Selling Association (DSA) recently announced elected officers and directors to the association’s Board of Directors. Officers and directors of the association are recognized leaders who have earned the respect of their colleagues and the public and are committed to lead and direct the affairs of the association. The board officers will each serve one-year…
Read MoreYoungevity Subsidiary Enters Into 5-Year Contract to Purchase Hemp Plant Biomass
Khrysos Industries, Inc. a wholly owned subsidiary of Youngevity International (YGYI), recently announced a five-year supply contract with Magu Maiden Farms, LLC. The contract is to provide extraction services and end-to-end processing to produce isolate, water soluble isolate, distillate and water-soluble distillate hemp derived products. “We are excited to add this new long-term contract to our…
Read MoreYoungevity Set to Join Russell 3000 Index
Youngevity International, Inc. (NASDAQ: YGYI) announced it is set to join the broad-market Russell 3000® Index at the conclusion of the 2019 Russell indexes annual reconstitution. Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of May 10, ranking them by total market capitalization. Membership in the U.S. all-cap Russell 3000® Index, which…
Read MoreYoungevity Reports Q1 Record Revenue, Up 30.9%
Youngevity International, Inc. (NASDAQ: YGYI) reported revenue of $56.3 million for the first quarter ended March 31, 2019, an increase of 30.9 percent over 2018. The company derived approximately 59 percent of its revenue from its direct selling segment and approximately 41 percent of its revenue from its commercial coffee segment. Direct selling segment revenues…
Read MoreDSN Announces the 2019 Global 100!
Direct Selling News tonight announced its Global 100 list of top direct selling companies in the world. Since 2004, DSN has been dedicated to telling stories focused on relating the opportunities direct sellers provide to millions of independent business owners around the globe. In 2009, the magazine thought it fitting to further recognize the industry by compiling the…
Read MoreYoungevity International Down Slightly in 2018
Youngevity International, Inc. (NASDAQ: YGYI) reported financial results for the fourth quarter and full year ended December 31, 2018. Revenues for the fourth quarter ended December 31, 2018 decreased 12.0 percent to $36,114,000 as compared to $41,041,000 for the fourth quarter ended December 31, 2017. Revenues for the year ended December 31, 2018 decreased 2.0 percent to $162,445,000 as compared to $165,696,000 for the year ended December 31, 2017. “We are…
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