Farmmi Receives Multiple High-Volume Orders from Long Term Customer Exporting to Lebanon

Rhea-AI Summary

Farmmi, Inc. received high-volume orders for dried Shiitake mushrooms for shipment to Lebanon, indicating business growth and customer satisfaction.

Positive

• High-volume orders indicate business growth and customer satisfaction

Negative

• None.

LISHUI, China, Sept. 14, 2023 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agriculture products supplier in China, announced today the Company received multiple high-volume orders from a long-term customer for shipment to Lebanon. The repeat orders are for the Company's high-quality dried Shiitake mushrooms.

Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, commented: "We continue to focus on business growth in China and the many other markets worldwide that are important to our customers. We are pleased with our success in establishing a critical mass of customers that we can build upon and add more scale. It has been fundamentally important that we first prove our ability to customers to reliably procure, process and ship high-quality, high-volume orders. With that foundation in place we are focused on expanding alongside our customers with larger repeat orders and by exploring new ways to add value to our customers, including new agriculture products, like corn, and new capabilities, like our trading exchange. We continue to believe that this steady approach to growth will allow us to build greater value for our Company and shareholders over the long-term."

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.