Farmmi Continues Sales Growth with New Asian Order
Farmmi, Inc. (NASDAQ: FAMI) reported significant sales growth in Asia, highlighted by a new multi-product order for dried Shiitake and black Mu Er mushrooms destined for Western Asia. Chairwoman Yefang Zhang noted that Asia is the largest market for fungi, driven by culinary uses and health applications. Farmmi's logistics partners are prioritizing the company to manage rising costs and delivery times effectively, supporting their continued sales momentum.
- Secured a new multi-product order for dried Shiitake and black Mu Er mushrooms.
- Demonstrated continued sales growth in the Asian market.
- None.
LISHUI, China, April 12, 2022 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agricultural products supplier in China, announced today its continued sales growth in Asia with a new, multi-product order for dried Shiitake mushrooms and black Mu Er mushrooms. The order will ship to Western Asia.
Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, commented "Asia remains the largest market for fungi consumption and one of the most attractive based on multi-year catalysts. Core demand and growth are being led by diverse culinary uses and popular health applications. As a leading purveyor of high quality agriculture products, Farmmi continues to be a direct beneficiary of this momentum with sales growth and support across the supply chain. We have seen the importance of this firsthand with our ability to secure priority handling from our logistics partners in order to ease rising costs and longer delivery times, while ensuring on time delivery for our customers worldwide."
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 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.
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