Farmmi Customer Shipping to Lebanon in Follow-on Order
Farmmi, Inc. (NASDAQ: FAMI), an agricultural products supplier based in China, announced a significant follow-on order from a long-term customer for its dried Shiitake mushrooms to Lebanon. This order underscores the effectiveness of Farmmi's strategy in fostering customer loyalty and ensuring a consistent revenue stream. Chairwoman and CEO Yefang Zhang emphasized the benefits of robust customer relationships that drive sales growth and enhance shareholder value. Established in 1998, Farmmi specializes in edible mushrooms and agricultural products, and continues to focus on global brand expansion.
- Secured a follow-on order for dried Shiitake mushrooms, enhancing revenue stream.
- Strengthened customer relationships leading to improved loyalty.
- None.
LISHUI, China, March 7, 2023 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agricultural products supplier in China, today announced one of its long-term customers is shipping a high-volume order to Lebanon in a follow-on order. The latest order is for the Company's popular dried Shiitake mushrooms.
Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, commented: "We have consistently found follow-on orders, such as this latest one, to be beneficial to both our customers and Farmmi. Both sides benefit from working together, establishing a relationship and confirming product quality. For Farmmi, this has proven to be a successful strategy in building customer loyalty and providing a reliable revenue stream. We remain focused on leveraging our brand globally, driving sales growth and working to translate that progress into greater value for all 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. Farmmi sells its products both online and offline. For further information about the Company, please visit Farmmi's 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 customers' businesses and our 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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