Farmmi Announces New High Volume Order Exporting to Israel
Farmmi, Inc. (NASDAQ: FAMI) announced a significant order for dried Shiitake mushrooms and black fungus to be exported to Israel. This order reflects the growing health-conscious market in Israel, positioning Farmmi as a prime supplier due to its reputation for quality products. Chairwoman and CEO Yefang Zhang stated that the company aims to leverage its competitive advantage to enhance profitable sales. Founded in 1998, Farmmi specializes in agricultural products, selling both offline and directly to consumers.
- Receipt of a high-volume order for dried Shiitake mushrooms and black fungus.
- Strong market presence in the health and wellness food sector in Israel.
- Competitive advantage through a reputation for high-quality agricultural products.
- None.
LISHUI, China, Oct. 18, 2022 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agricultural products supplier in China, today announced the receipt of a high-volume order for its popular dried Shiitake mushrooms and black fungus. The customer will export the Shiitake mushrooms and black fungus to Israel.
Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, commented "Israel continues to lead as one of the largest global health and wellness foods markets. With more of the population aware of the direct relationship between what we consume and our health, Farmmi is well positioned as an attractive supplier. Our reputation for high quality agriculture products gives us a competitive advantage, which we continue to leverage in our drive to increase profitable sales."
About Farmmi, Inc.
Established in 1998, Farmmi Inc. (NASDAQ: FAMI) is an agricultural products supplier, processor and retailer of edible mushrooms like Shiitake and Mu Er, as well as other agricultural products. In addition to its offline sales, Farmmi sells its products direct-to-consumer. For further information about the Company, please visit website.
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 and 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 customer's businesses and our end purchaser's 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.
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