Farmmi Announces Latest U.S. Product Order

Rhea-AI Summary

Farmmi, Inc. (NASDAQ: FAMI) announced a new order for dried sliced Shiitake mushrooms to be exported to New York. CEO Yefang Zhang highlighted this achievement as part of the company's strategy to leverage its brand and supply chain for growth in key markets. The United States is noted as a significant market where demand for fungi is increasing. Farmmi aims to boost order size and volume in the U.S. and other key regions, indicating potential for further expansion in its operations.

Positive

• Secured new order for dried sliced Shiitake mushrooms for export to New York.
• CEO highlighted growth opportunities in the U.S. market, where consumer demand for fungi is rising.
• Strategic focus on increasing order volume points to potential for future revenue growth.

Negative

• None.

LISHUI, China, March 1, 2022 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agriculture products supplier in China, today announced that its latest order for dried sliced Shiitake mushrooms will be exported to New York.

Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, commented, "This is another nice win for our sales team, as we leverage our brand and supply chain to capture additional growth opportunities in key markets worldwide. The U.S. represents an important market, where consumers have been willing to incorporate fungi into their diets and lifestyles. We see more room to run in the U.S. and our other key markets, as we work to strategically increase the volume and size of the orders we are fulfilling."

About Farmmi, Inc.
Established in 1998, Farmmi Inc. (NASDAQ: FAMI) is an agricultural products supplier, processor and retailer of Shiitake mushrooms, Mu Er mushrooms, other edible fungi and other agricultural products. In addition to its offline sales, Farmmi sells its products online at http://www.farmmi88.com. For further information about the Company, please visit: http://ir.farmmi.com.cn/.

Forward-Looking Statements

No statement made in this press release should be interpreted as an offer to purchase or sell any security. Such an offer can only be made in accordance with the Securities Act of 1933, as amended, and applicable state securities laws. Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the "safe harbor" under the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding lingering effects of the Covid-19 pandemic on our customers' businesses and end purchasers' disposable income, our ability to raise capital on any particular terms, fulfillment of customer orders, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, our ability to realize revenue from expanded operation and acquired assets in China, our ability to attract and retain skilled professionals, client concentration, industry segment concentration, and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings. These filings are available at www.sec.gov. Farmmi may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. In addition, please note that any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this press release. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

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SOURCE Farmmi, Inc.

FAQ

What recent order did Farmmi announce on March 1, 2022?

Farmmi announced an order for dried sliced Shiitake mushrooms to be exported to New York.

How does Farmmi plan to expand in the U.S. market?

Farmmi aims to leverage its brand and supply chain to capture growth opportunities and increase order volume.

What is the significance of the U.S. market for Farmmi?

The U.S. market is important for Farmmi as consumers are increasingly incorporating fungi into their diets.

What is the stock symbol for Farmmi, Inc.?

The stock symbol for Farmmi is FAMI.

When was Farmmi's latest order announced?

Farmmi's latest order was announced on March 1, 2022.