Youngevity International Inc (OTCMKTS: YGYID) (NASDAQ: YGYI) is creating a bit of a compelling opportunity at the moment, and for good reason. The stock will uplist to the NASDAQ tomorrow, Wednesday, June 21st, 2017. However, that’s not the only bit of news the company has released as of yet. In fact, investors have seen a flurry of press releases, the most recent of which announced the Youngevity International’s largest acquisition to date. Today, we’ll talk about the NASDAQ uplist, the acquisition news, and what we’ll be watching for with regard to YGYID ahead.
YGYID To Become YGYI And List On The NASDAQ
As we know, Youngevity International is gearing up for an uplist. In fact, the stock will be traded on the NASDAQ tomorrow. This is incredible news as it will help to drive more value for shareholders. In a statement with regard to the uplist, Steve Wallach, Co-Founder and CEO at YGYID, had the following to offer…
“Youngevity’s listing on the NASDAQ Capital Market is a major corporate milestone and a source of great pride for the Youngevity family of employees, distributors, executives and supporters that have contributed to this moment. What enhances the sense of pride and accomplishment is that Youngevity attains this listing by executing and delivering on our business plan and our priority to grow shareholder value with minimal dilution. We are happy to say that meeting NASDAQ’s requirements is a culmination of the dedication and hard work of so many throughout the Youngevity family.”
Youngevity Announces Largest Acquisition To Date
As mentioned above, the fact that YGYID is uplisting to the NASDAQ tomorrow hasn’t stopped the company from releasing news. In fact, yesterday the company released big news surrounding an acquisition. Essentially, Youngevity has entered into a definitive agreement for the acquisition of Sorvana International. Sorvana is the result of a combination of 2 natural wellness companies known as FreeLife and L’dara. The closing of the transaction will take place on July 1st, 2017. In a statement, Steve Wallach, CEO and Co-Founder of YGYID, had the following to offer…
“FreeLife has a proud 22 year history of success in the Direct Selling Profession and L’dara’s patented skin care products are very special. We believe acquiring Sorvana International represents a true expansion of our mission of betterment, and delivering exceptional, science based wellness products for optimal health to our customers… We are very proud of this acquisition as it represents our largest transaction in terms of top line revenue and in numbers of quality field leadership.”
Stop wasting your time! Find winning trades in minutes with Trade Ideas!
What We’ll Be Watching For Moving Forward
Moving forward, the CNA Finance team will be keeping a close eye on YGYID. In particular, we’re interested in seeing just how the uplist to NASDAQ goes, following the revenue growth after the acquisition of Sorvana, keeping track of CLR Roasters, and much, much more. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
Never Miss The News Again
Do you want real-time, actionable news delivered to your inbox? Join the CNA Finance mailing list below!