Farmmi Continues International Sales Win with Latest Order
Farmmi, Inc. (NASDAQ: FAMI), a supplier of agricultural products based in China, has secured a repeat order for dried Shiitake mushrooms from a long-term customer for export to England. CEO Yefang Zhang highlighted that the company's commitment to product excellence and a robust logistics network has facilitated the growth in sales, enabling them to win back-to-back orders. Farmmi aims to leverage its customer base and infrastructure to enhance growth and shareholder value.
- Secured a repeat sales order for dried Shiitake mushrooms from a long-term customer.
- Strengthened core product quality and availability, contributing to sales growth.
- Established global logistics network enabling international sales.
- None.
LISHUI, China, June 15, 2022 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agricultural products supplier in China, announced today that its latest sales order for dried Shiitake mushrooms is a repeat order to a long-term customer, which will export to England.
Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, commented, "Our core pillars of product excellence and availability combined with our established global logistics network are enabling us to drive sales. As a result, we are wining more back-to-back orders from customers in both our domestic China market and in our key international target markets. We have made significant progress over the past year as we put a strong business foundation in place. We are now in the next phase where we leverage our established customer base and infrastructure to accelerate our growth, as we work to build increased value for our shareholders."
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.
View original content to download multimedia:https://www.prnewswire.com/news-releases/farmmi-continues-international-sales-win-with-latest-order-301568161.html
SOURCE Farmmi, Inc.
FAQ
What recent sales order did Farmmi (FAMI) announce?
Who is the CEO of Farmmi and what did they say about the sales growth?
How is Farmmi (FAMI) planning to enhance shareholder value?
When did Farmmi announce its latest sales order?
