Farmmi Gains Momentum with United Arab Emirates Order
Farmmi, Inc. (NASDAQ: FAMI) announced a new order for dried Shiitake mushrooms from its subsidiary Zhejiang Farmmi Biotechnology, destined for export to Dubai. Chairwoman and CEO Yefang Zhang noted a rebound in customer demand, contributing to increased order sizes. The company has navigated supply chain challenges during COVID-19, strengthening long-term customer relationships.
- New order for dried Shiitake mushrooms indicates growing demand.
- Increased order volume from customers suggests recovery in business activity.
- Strengthened long-term customer relationships due to effective support during supply chain challenges.
- None.
LISHUI, China, Feb. 22, 2022 /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., received a new order for its popular dried Shiitake mushrooms. The customer will export these products to Dubai.
Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, commented, "Our sales team is actively working with customers on a daily basis and we are seeing a higher order volume size and increased demand from return and new customers. Customer activity level remains high, which is a welcome rebound from the supply chain complications and shutdowns that impeded market growth during COVID-19. We have done a great job supporting customers during the challenging period, which has helped further cement our long-term relationships."
About Farmmi, Inc.
Established in 1998, Farmmi Inc. (NASDAQ: FAMI) is an agricultural products supplier, processor and retailer of Shiitake mushrooms, Mu Er mushrooms, other edible fungi and other agricultural products. In addition to its offline sales, Farmmi sells its products online 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 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.
View original content to download multimedia:https://www.prnewswire.com/news-releases/farmmi-gains-momentum-with-united-arab-emirates-order-301487292.html
SOURCE Farmmi, Inc.
FAQ
What recent development has Farmmi (FAMI) announced?
How has Farmmi (FAMI) responded to COVID-19 challenges?
What does the recent order mean for Farmmi (FAMI)?
