Youngevity Subsidiary CLR Roasters Extends Supply Agreement With Save Mart Into 2022
8:34 am ET April 13, 2020 (Benzinga) Print
MIAMI, April 13, 2020 /PRNewswire/ --Youngevity International, Inc.(NASDAQ:YGYI), a multi-channel lifestyle company operating in three distinct business segments, including commercial coffee and commercial hemp enterprises announced that it has extended its coffee supply contract with Save Mart Supermarkets through January of 2022.The agreement includes Save Mart's private label brands and CLR Roaster's company owned Javalution Hemp Coffee Brand.
Save Mart Supermarkets operates approximately 207 stores predominantly located in California and offers a number of store brands including Full Circle organic packaged foods and Pacific Coast Café coffee to name a few.
CLR Roasters has recently shipped all 4 Javalution K-cup items throughout Save Mart's retail footprint, including House Blend, Donut Shop Blend, French Vanilla, and Dark Roast.The initial store set was approximately 100,000 K-Cups.
"We are very proud to be expanding our relationship with Save Mart and look forward to supporting the apparent increased demand as more of Save Mart's guests drink their coffee at home during these challenging times," statedErnesto Aguila, President and Founder of CLR Roasters.He continued, "We are pleased to be able to ship our own brands alongside the prestigious Save Mart brands."
Dave Briskie, President and CFO of YGYI, the parent company that ownsCLR Roasters, stated, "We are experiencing the challenges facing the cruise line industry as well as weakness in our on premise business, however, the strength of our retail business is helping to offset these challenges inside our coffee business."Mr. Briskie continued, "We are fortunate to participate in the growing demand at retail and we are pleased to be able to leverage this strength to create awareness of our Javalution Hemp Coffee."
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