Youngevity Receives $26 million dollars for Green Coffee Distribution Business

Admin   |   09 January, 2015   |   372   |   3980

Youngevity Intl. Closes $5.05 Million in Financing to Fund Growth

Youngevity International, Inc. (OTCQX: YGYI) (www.YGYI.com), a global direct marketer of nutritional and lifestyle products and also a vertically-integrated producer of gourmet coffees for the commercial, retail and direct sales channels, announced today that it received $26 million dollars in Purchase Commitments for its Green Coffee Distribution Business launched in May of last year. All of the purchase commitments are scheduled to ship in 2015.

The Company entered into a Note Purchase Agreement (the “Purchase Agreement”) with two accredited investors, pursuant to which the Company raised in a private placement gross proceeds of $5,050,000 with up to an additional $950,000 of funds possible.