Youngevity International (NASDAQ: YGYI) received a notification from Nasdaq regarding non-compliance with Listing Rule 5250(c)(1) due to untimely filing of its Quarterly Report on Form 10-Q for the quarter ending June 30, 2020. The company has until September 28, 2020, to file all delinquent reports to avoid delisting. Additionally, previous notifications from Nasdaq highlighted failures in filing the Form 10-K for December 31, 2019, and the Form 10-Q for March 31, 2020. Management is actively working to rectify these filing issues.
Youngevity International (Nasdaq: YGYI) has announced a 5-year distribution agreement through its subsidiary CLR Roasters with H&H Coffee Group Export Corp. to sell its espresso brands, Café La Rica and Café Cachita, in Panama. The initial order consists of 60,000 units of Café Cachita Espresso, with a similar order for Café La Rica expected shortly after. This partnership could generate around $2 million in annual revenue, reflecting Youngevity's strategy to expand its international market presence.