Farmmi Announces New International Order; Continues Growth
Farmmi, Inc. (NASDAQ: FAMI), an agricultural products supplier in China, announced a new international order for dried Shiitake mushrooms destined for Israel, reflecting its ongoing growth. CEO Yefang Zhang highlighted strong demand for their quality agricultural products and emphasized their strategy to capture a larger share of the global market for fungi. Established in 1998, Farmmi specializes in edible mushrooms including Shiitake and Mu Er, catering to both local and international markets.
- New international order for dried Shiitake mushrooms to Israel indicates increasing demand.
- Continued growth strategy aimed at expanding market share in global fungi market.
- Potential risks from the lingering effects of the Covid-19 pandemic on consumer disposable income.
- Challenges in managing growth and fulfilling customer orders could impact future performance.
LISHUI, China, July 6, 2022 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agricultural products supplier in China, announced today a new international order for its popular dried Shiitake mushrooms. This order will be exported to Israel and continues the Company's growth.
Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, commented: "Demand for our high quality agricultural products remains strong. We are benefitting from catalysts that we believe will continue to drive our long-term growth. For Farmmi, we are focused on execution from field to table, as we work to capture an even greater share of the global market for fungi. Our goal is to ensure that our customers get the highest quality product they have come to rely on us for, whether they are based in our local market or one of our many expanding international markets, like Israel, Canada, the U.S. or Europe, among others. It is clear that mushrooms have universal appeal and we are well positioned to benefit from this expanding demand as we move forward."
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 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 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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