Youngevity International Inc (NASDAQ: YGYI) is having a relatively strong start to the trading session this morning after the company announced that its wholly owned subsidiary, CLR Roasters, has collaborated with the Marlins Foundation. Today, we'll talk about the collaboration, what we're seeing form the stock, and what we'll be watching for with regard to YGYI ahead.
YGYI Announces Collaboration
As mentioned above, Youngevity International is having a relatively strong start to the trading session this morning after announcing a collaboration. CLR Roasters, a wholly owned subsidiary of the company, has entered into a collaboration with the Marlins Foundation to donate one thousand Thanksgiving meals to families in local Miami neighborhoods.
Under the collaboration CLR Roaster's Cafe La Rica Espresso Brand as well as local community partners, including Feeding South Florida, Pepsi, Goya Foods, and Presidente Supermarkets will work with the Florida Marlins to provide the ninth annual Thanksgiving Distribution on Marlins Park on November 17. During the event, families will include a 10-pound turkey, fixings, Cafe La Rica Coffee and desert. The event is an exclusive event for pre-selected families as well as the media. In a statement, YGYI President and CEO, Dave Briskie, had the following to offer:
“When Café La Rica was selected to become the “Official Cafecito” of the Florida Marlins part of the consideration given to us being chosen for this partnership was our involvement with our own Youngevity Be the Change Foundation's charitable work. We are proud to stand alongside the Florida Marlin's and their foundation to join in their commitment of being socially responsible within their own community.”
The above statement was followed up by Ernesto Aguila, President at CLR Roasters. Here's what he had to say:
“We all cherish spending time with loved ones and enjoying delicious food during this special holiday. That's why we're so thrilled to partner with The Marlins Foundation and the other incredible companies that have joined together to provide these local families with a true Thanksgiving feast.”
What We're Seeing From The Stock
As mentioned above, Youngevity International is having a relatively strong day in the market today. At the moment (9:30), YGYI is trading at $4.64 per share after a gain of $0.03 per share or 0.65% thus far today.
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What We'll Be Watching For Ahead
Moving forward, the CNA Finance team will continue to keep a close eye on YGYI. In particular, we're interested in watching the continued growth of CLR Roasters as well as the rest of the company's robust offering of brands. Nonetheless, we'll continue to follow the story closely and bring the news to you as it breaks!
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