Farmmi Receives Multi-Product Follow-on Customer Order for Export to Israel
Farmmi, Inc. (NASDAQ: FAMI), a Chinese agricultural products supplier, announced a follow-on order for dried Shiitake mushrooms from an existing international customer. This marks the eighth order from this client, who will export the mushrooms to Israel. Chairwoman and CEO Yefang Zhang highlighted the increasing demand and repeat orders, attributing growth to improved brand awareness and a robust supply chain. The Company is well-positioned in the agricultural sector, focusing on quality products and a consistent distribution network.
- Received a follow-on order from an existing customer for dried Shiitake mushrooms.
- Increasing global presence and brand awareness.
- Strengthened position as a leading agricultural supplier.
- None.
LISHUI, China, Oct. 6, 2020 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agriculture products supplier in China, today announced its subsidiary Zhejiang Forest Food Co., Ltd., has received another multi-product follow-on order from an existing customer. The latest order, which is the eighth from this customer, is for dried Shiitake mushrooms, and dried and sliced Shiitake mushrooms. The customer, an international import and marketing company, will export the mushrooms to Israel.
Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, commented, "Our efforts to more aggressively grow our sales pipeline are gaining momentum and driving higher demand. We continue to benefit from repeat orders as customers know they can rely upon our commitment to high-quality and flavor-rich mushrooms. We are also benefitting from our increasing global presence, improved brand awareness, and strengthened position as one of the leading agricultural suppliers. Customers know Farmmi has the scale, infrastructure, supply chain and distribution network to fulfill sizeable orders on a consistent basis. Taken together this gives us confidence in the long-term prospects for our business."
About Farmmi, Inc.
Headquartered in Lishui, Zhejiang, Farmmi, Inc. (NASDAQ: FAMI), is a leading agricultural products supplier, processor and retailer of Shiitake mushrooms, Mu Er mushrooms, other edible fungi, and many other sought-after agricultural products. The Company's Farmmi Liangpin Market serves as a trading platform for Chinese geographical indication agricultural products and is a large platform for consumers to access locally sourced agricultural products. For further information about the Company, please visit: http://ir.farmmi.com.cn/.
Forward-Looking Statements
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including the potential impact of COVID-19 on our business within and outside of China. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.
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SOURCE Farmmi, Inc.
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