Yo Gotti's company CMG has released a statement in the wake of Lil Poppa's passing ... calling him a "beloved family member" and promising to uphold his legacy with honor and respect.

The prolific musician died on Feb. 18 at age 25.

Just two hours before a gunman in camouflage executed a Queens laundromat worker in front of the victim’s mother, the doomed employee got into a heated argument with a threatening customer demanding ...