Just weeks after reporting a CBD product partnership with Icelandic Glacial bottled water, Youngevity has announced the intent to purchase all assets of Khrysos Global, a Florida-based CBD extraction equipment manufacturer.
Per the agreement, Youngevity will acquire all property, joint venture agreements, copyrights, trademarks, intellectual property and service marks for a total of $16 million. Khrysos will continue to consult and oversee the manufacturing and production of CBD products and goods.