Farmmi Announces Latest Sales Win; Strong Global Demand Accelerates Growth
Farmmi, Inc. (NASDAQ: FAMI) has announced a significant sales victory through its subsidiary, Zhejiang Forest Food Co., Ltd., receiving a multi-product order for dried Shiitake mushrooms and black fungus to be exported to Israel. The company attributes its growth to robust global demand and strong supplier relationships. Chairwoman and CEO Yefang Zhang emphasized Farmmi's competitive position in the market and its commitment to expanding its market share in high-quality agricultural products. This announcement underscores Farmmi's focus on international expansion amidst ongoing demand.
- Secured a multi-product export order for dried Shiitake mushrooms and black fungus to Israel.
- Strong global demand contributing to growth and market expansion.
- Established long-term supplier relationships enhancing competitive position.
- None.
LISHUI, China, June 1, 2021 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agriculture products supplier in China, today announced its latest sales win, as strong global demand accelerates its growth. The Company's Zhejiang Forest Food Co., Ltd. subsidiary won another follow-up, multi-product order for export to Israel. This latest sales win is for dried whole and sliced Shiitake mushrooms, and dried black fungus.
Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, commented, "Strong global demand is accelerating Farmmi's growth. We are advantaged in our global market position, with long-term, deep supplier relationships and a reputation with customers for excellence as a reliable, supplier of high-quality agriculture products worldwide. We continue to leverage our strong competitive position as we drive growth and strive to gain market share."
About Farmmi, Inc.
Headquartered in Lishui, Zhejiang, Farmmi, Inc. (NASDAQ: FAMI), is a leading agricultural products supplier, processor and retailer of Shiitake mushrooms, Mu Er mushrooms, other edible fungi and other agricultural products. For further information about the Company, please visit: http://ir.farmmi.com.cn/.
Forward-Looking Statements
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including the potential impact of COVID-19 on our business within and outside of China. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.
View original content to download multimedia:http://www.prnewswire.com/news-releases/farmmi-announces-latest-sales-win-strong-global-demand-accelerates-growth-301302513.html
SOURCE Farmmi, Inc.
FAQ
What recent sales win did Farmmi, Inc. announce?
What is the stock symbol for Farmmi, Inc.?
How is global demand affecting Farmmi's growth?
What products is Farmmi exporting to Israel?
Who is the CEO of Farmmi, Inc.?
