Farmmi, Inc. Expands North America Operations
Farmmi, Inc. (NASDAQ: FAMI), a Chinese agriculture products supplier, has announced a significant expansion of its North American operations. The company's subsidiary, FARMMI USA INC., has signed a sublease agreement for a large distribution and storage center in the Los Angeles area, California. The facility, managed by Ryder Truck Rental inc., spans 636,000 square feet, with 315,000 square feet of warehouse space and includes a dedicated rail line for sea-rail intermodal transportation.
This move marks a major step in Farmmi's global expansion strategy and is expected to enhance the company's international cooperation capabilities. CEO Yefang Zhang emphasized that this development represents a breakthrough towards Farmmi's globalization goals and is aimed at creating greater value for shareholders.
Farmmi, Inc. (NASDAQ: FAMI), fornitore cinese di prodotti agricoli, ha annunciato una significativa espansione delle sue operazioni in Nord America. La sussidiaria dell'azienda, FARMMI USA INC., ha firmato un contratto di sublocazione per un grande centro di distribuzione e stoccaggio nell'area di Los Angeles, in California. La struttura, gestita da Ryder Truck Rental Inc., si estende per 636.000 piedi quadrati, con 315.000 piedi quadrati di spazio magazzino e include una linea ferroviaria dedicata per il trasporto intermodale mare-ferrovia.
Questa mossa segna un passo importante nella strategia di espansione globale di Farmmi e si prevede che migliori le capacità di cooperazione internazionale dell'azienda. Il CEO Yefang Zhang ha sottolineato che questo sviluppo rappresenta una svolta verso gli obiettivi di globalizzazione di Farmmi ed è volto a creare un valore maggiore per gli azionisti.
Farmmi, Inc. (NASDAQ: FAMI), proveedor chino de productos agrícolas, ha anunciado una expansión significativa de sus operaciones en América del Norte. La subsidiaria de la compañía, FARMMI USA INC., ha firmado un acuerdo de subarrendamiento para un gran centro de distribución y almacenamiento en el área de Los Ángeles, California. La instalación, administrada por Ryder Truck Rental Inc., abarca 636,000 pies cuadrados, con 315,000 pies cuadrados de espacio de almacenamiento e incluye una línea de ferrocarril dedicada para el transporte intermodal marítimo-ferroviario.
Este movimiento marca un paso importante en la estrategia de expansión global de Farmmi y se espera que mejore las capacidades de cooperación internacional de la compañía. El CEO Yefang Zhang enfatizó que este desarrollo representa un avance hacia los objetivos de globalización de Farmmi y está destinado a crear un mayor valor para los accionistas.
Farmmi, Inc. (NASDAQ: FAMI), 중국 농업 제품 공급업체는 북미 운영의 상당한 확장을 발표했습니다. 회사의 자회사인 FARMMI USA INC.는 캘리포니아 로스앤젤레스 지역에 있는 대규모 유통 및 저장 센터에 대한 서브리프 계약을 체결했습니다. 이 시설은 Ryder Truck Rental Inc.가 관리하며, 636,000 평방 피트의 면적을 가지고 있으며, 315,000 평방 피트의 창고 공간을 포함하고 있고, 해상-철도 복합 운송을 위한 전용 철도 노선이 포함되어 있습니다.
이번 결정은 Farmmi의 글로벌 확장 전략에서 중요한 단계로 평가되며 회사의 국제 협력 능력을 향상시킬 것으로 기대됩니다. CEO Yefang Zhang은 이 발전이 Farmmi의 세계화 목표를 향한 획기적인 이정표이며, 주주를 위한 더 큰 가치를 창출하기 위한 것이라고 강조했습니다.
Farmmi, Inc. (NASDAQ: FAMI), fournisseur chinois de produits agricoles, a annoncé une expansion significative de ses opérations en Amérique du Nord. La filiale de l'entreprise, FARMMI USA INC., a signé un contrat de sous-location pour un grand centre de distribution et de stockage dans la région de Los Angeles, en Californie. L'installation, gérée par Ryder Truck Rental Inc., s'étend sur 636 000 pieds carrés, avec 315 000 pieds carrés d'espace d'entrepôt et comprend une ligne ferroviaire dédiée au transport intermodal mer-ferroviaire.
Ce mouvement marque une étape majeure dans la stratégie d'expansion mondiale de Farmmi et devrait améliorer les capacités de coopération internationale de l'entreprise. Le PDG Yefang Zhang a souligné que ce développement représente une avancée vers les objectifs de mondialisation de Farmmi et vise à créer une plus grande valeur pour les actionnaires.
Farmmi, Inc. (NASDAQ: FAMI), ein chinesischer Anbieter von Agrarprodukten, hat eine bedeutende Expansion seiner nordamerikanischen Geschäfte angekündigt. Die Tochtergesellschaft des Unternehmens, FARMMI USA INC., hat einen Untermietvertrag für ein großes Vertriebs- und Lagerzentrum im Raum Los Angeles, Kalifornien, unterzeichnet. Die Anlage, die von Ryder Truck Rental Inc. verwaltet wird, erstreckt sich über 636.000 Quadratfuß, darunter 315.000 Quadratfuß Lagerfläche und umfasst eine spezielle Eisenbahnlinie für den See-Schienen-Intermodalverkehr.
Dieser Schritt markiert einen wichtigen Fortschritt in der Globalisierungsstrategie von Farmmi und wird voraussichtlich die internationalen Kooperationsfähigkeiten des Unternehmens verbessern. CEO Yefang Zhang betonte, dass diese Entwicklung einen Durchbruch in den Globalisierungszielen von Farmmi darstellt und darauf abzielt, den Aktionären einen höheren Wert zu bieten.
- Expansion into North American market with large distribution center
- Access to 636,000 sq ft facility with 315,000 sq ft warehouse space
- Dedicated rail line for efficient sea-rail intermodal transportation
- Strategic location in Los Angeles area for improved logistics
- None.
Insights
Farmmi, Inc.'s expansion into North America is a noteworthy development. From a market research perspective, securing a large distribution and storage center in Los Angeles enhances Farmmi's logistical footprint in a key market. The location's dedicated rail line for sea-rail intermodal transportation is a strategic advantage, allowing efficient movement of goods. This expansion supports Farmmi's goal of increasing its global presence and potentially opens up more opportunities for international partnerships.
This move can lead to improved supply chain efficiency, translating to cost savings and faster delivery times. The increased capacity will enable Farmmi to better serve its North American customers, which could boost sales and market share. Additionally, operating in a facility managed by Ryder, a leading logistics company, may bring operational expertise and reliability.
From a financial perspective, Farmmi's acquisition of a large distribution center in Los Angeles is likely to have a positive impact on the company's financial performance. This expansion could result in increased revenue as the company taps into the North American market more effectively. Additionally, Farmmi's strategic partnership with Ryder for logistics management might lead to better cost control and operational efficiencies. Investors should watch for subsequent financial reports to gauge the impact of this expansion on overall growth and profitability.
However, it's important to consider the initial costs associated with this expansion. The sublease agreement and operational setup might temporarily affect the company's cash flow. Long-term benefits should outweigh these initial costs if the expansion results in significant market penetration and revenue growth.
From a logistics standpoint, the acquisition of a 636,000 square feet facility, especially with a dedicated rail line, is a game-changer for Farmmi. This facility will significantly improve their logistical operations, enabling efficient distribution across North America. The rail line provides a cost-effective and sustainable mode of transportation, which is a competitive edge. Partnering with Ryder, a renowned logistics company, assures that the facility will be managed with industry-leading standards, ensuring reliability and efficiency.
This strategic move aligns with trends in the logistics industry where companies are increasingly adopting intermodal transportation solutions to optimize their supply chains. The ability to seamlessly integrate sea and land transport modes can reduce transit times and costs, which is highly beneficial for Farmmi's expansion goals.
LISHUI,
Pursuant to the agreement, Farmmi
Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, stated that the company has been committed to increasing its global present in recent years. Obtaining the right to use a large storage center represents a major breakthrough towards the company's globalization goals and is a milestone achievement. Leveraging this facility, Farmmi, Inc. aims to further expand international cooperation and create greater value for its 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
For more information, please contact Investor Relations:
Farmmi, Inc.
Investor Relations
Tel: +86-0578-82612876
ir@farmmi.com
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SOURCE Farmmi, Inc.
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