Khrysos Industries Reveals State of the Art, Florida-Based Hemp Extraction Processing and Manufacturing Facility
August 27, 2019
Khrysos Industries, Inc., a wholly-owned subsidiary of Youngevity International, Inc., announced that it has leased 82,000 square feet in Orlando, Florida to house its post-processing, hemp-derived products, and finished goods manufacturing facility.
The single-use building was the former home of Nephron Pharmaceuticals, GMP-certified sterile manufacturing operations. The state-of-the-art facility features a 46,200 sq. ft. production area that includes 5,200 sq. ft. of class C7 sterile capable workspace, power is provided via a redundant utility system for continuous operation with 5000 amp of 480v 3 phase power available throughout the facility.
“We believe this facility provides us the opportunity to accelerate our post-processing and manufacturing capabilities by approximately two years in terms of production output. The amenities and the infrastructure within the facility save us significant CAPEX expense, and, more importantly, provides us the ability to grow more rapidly to meet market demand,” said Dwayne Dundore Ph.D., President of Khrysos. “We are in the process of moving over our post-processing equipment, and the extensive power systems in this facility allows us to scale as needed. We expect post-processing to be up and running in September, and we will then set up our finished product manufacturing lines.”
“This facility provides us the opportunity to shift our business plan from multiple processing locations to a centralized processing and manufacturing solution. Additionally, this should resolve the power issues that have become an industry challenge and provides us a significant increase in capacities within our production and manufacturing operations on an accelerated timeline,” said Dave Briskie, President and CFO of YGYI, about its wholly-owned subsidiary Khrysos Industries. “Being able to centralize our post-processing and manufacturing operations should provide for more efficient and streamlined operations that we expect to drive our ability to service our customers while improving our opportunity to drive our bottom-line profits.”