Farmmi Continues Sales Growth with Latest Win

Rhea-AI Summary

Farmmi, Inc. (NASDAQ: FAMI), an agricultural products supplier in China, announced a new repeat order for dried mushroom slices from a long-term customer. This order will be exported to Southampton, England. Chairwoman and CEO Yefang Zhang emphasized the significance of this win in continuing the company's sales growth trajectory, attributed to enhanced investments in sales and marketing and strong supply chain relationships. The order exemplifies Farmmi's strategy to support customers across its product line, aiming to increase revenue per customer and strengthen long-term relationships.

Positive

• Secured a new repeat product order for dried mushroom slices, indicating strong customer loyalty.
• Demonstrated continued sales growth trajectory through increased investments in sales and marketing.
• Strong supply chain relationships ensured consistent product availability.

Negative

• None.

LISHUI, China, Dec. 28, 2021 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agriculture products supplier in China, today announced the Company's subsidiary Zhejiang Farmmi Biotechnology Co., Ltd., won another new repeat product order. The latest order for dried  mushroom slices is from one of the Company's long-term customers, which will export Farmmi's products to Southampton, England.

Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, commented, "This is another important win for us. It continues the meaningful sales growth trajectory we have been building all year as we leverage our increased investments in sales and marketing to build our global brand, and it also benefited from our consistent product availability due to our strong supply chain relationships. This latest win serves as an example of our successful strategy of working alongside our customers to support them across our broader product line as part of our efforts to increase revenue per customer, while also nurturing the relationships that will drive our longer term success."

About Farmmi, Inc.

Farmmi Inc. (NASDAQ: FAMI) was Established in 1998, formerly known as Zhejiang Forasen Food Co., Ltd., which is an agricultural e-commerce technology enterprise. Headquartered in Lishui, Zhejiang, is an 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 press release contains forwarding-looking statement within information about Farmmi Inc.'s views on its future expectations, plans and prospects. We remind you not to rely too much on these forward-looking statements. Due to various of factors, actual results may differ materially from the anticipated results, including but not limited to its ability to raise additional funds, maintain and develop business, variability of business performance, ability to maintain and enhance its brand, development and launch of new products and services, successful integration of acquired companies, technologies and assets into its product and service portfolio, marketing and other business development initiatives, industry competition, general government regulation, economic conditions, the impact of the novel coronavirus pneumonia, dependence on key personnel, attracting, hiring and retaining personnel with the skills and experience required to meet customer requirements, and the ability to protect their intellectual property rights. Farmmi Inc. encourages you to review other factors that may affect its future results in its registration statement and other documents submitted to the U.S. Securities and Exchange Commission. The forward-looking statements in this press release are based on current expectations, our company does not undertake the obligation to update these forward-looking statements.

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SOURCE Farmmi, Inc.

FAQ

What is the recent announcement from Farmmi, Inc. regarding their products?

Farmmi, Inc. announced a new repeat order for dried mushroom slices from a long-term customer that will be exported to Southampton, England.

How does Farmmi plan to increase revenue per customer?

Farmmi aims to increase revenue per customer by supporting them across its broader product line and nurturing long-term relationships.

What does Farmmi's recent order signify for the company's growth?

The recent order signifies a continued sales growth trajectory, reflecting strong customer loyalty and successful marketing strategies.

What products does Farmmi, Inc. specialize in?

Farmmi specializes in agricultural products, particularly Shiitake and Mu Er mushrooms, as well as other edible fungi.