Youngevity International, Inc. (www.YGYI.com), has announced that the Green Coffee Sales Division of its wholly owned subsidiary, CLR Roasters, has procured a new contract for its strictly shade grown, high grown, certified organic, Arabica Green Coffee, which is expected to generate $800 thousand dollars in gross revenue for the company’s recently launched, Green Coffee distribution business.
CLR Roasters recently acquired its own plantation in Nicaragua, gaining access to 900-acres of a prime coffee growing region of Central America that is Rainforest Alliance Certified™ and Fair Trade Certified™. Additionally, it acquired an 18-acre green coffee processing plant in Matagalpa, Nicaragua. CLR Roasters is utilizing and leveraging these assets to launch its Green Coffee distribution business. This latest contract is in place to begin generating revenue in the fourth quarter of this year.
“This contract strengthens the continued expansion of our newly launched Green Coffee sales division,” said Ernesto Aguila, President of CLR Roasters. “Our green coffee sales continue to exceed our expectations and we anticipate maintaining the impressive revenue growth as we continue to build on a record year of growth and revenue for CLR Roasters.”
“We are enthusiastic about the revenue generation occurring within our Green Coffee business,” said Dave Briskie, CFO of Youngevity. “In anticipation of continued growth of this division we are investing $500 thousand dollars in capital expenditures to expand the through put within our newly acquired processing plant. Our field to cup story is resonating with our customers and we will continue to capitalize on the competitive advantage provided by our totally vertical operation.”
US – CLR Roasters, LLC (YGYI) inks new contract for its green coffee distribution business
