Youngevity International Inc., a global direct marketer of nutritional and lifestyle products and producer of gourmet coffees, has raised $5 million in equity and debt financing, according to a recent filing with the Securities and Exchange Commission.
Earlier this month, the company announced that it had received $26 million in purchase commitments for its Green Coffee Distribution business launched in May of last year. All of the purchase commitments are scheduled to ship in 2015.
Youngevity entered into the $5 million note purchase agreement with two accredited investors in order to finance the growth, according to a recent press release.
Youngevity (OTCQX: YGYI) currently markets products and services in four categories: health and wellness, beauty and care, food and beverage, and home and family. The diverse product offering includes healthy weight loss, liquid mineral-based nutrition, essential oils, mineral makeup, fashion and jewelry, coffee, healthy chocolate, healthy energy drinks, memory booking and many others.