Farmmi Receives New Order Exporting to Canada
Farmmi, Inc. (NASDAQ: FAMI), an agricultural products supplier based in China, has secured a new order for its dried Shiitake mushrooms to be exported to Canada. This order aligns with the company's strategy to tap into the North American market, which is identified as a significant growth opportunity. Chairwoman and CEO Yefang Zhang emphasized the importance of leveraging established customer relationships to drive sales growth and expand market presence. The company aims to unlock additional shareholder value through profitable growth.
- New order for dried Shiitake mushrooms for export to Canada.
- Focus on North American market viewed as a significant growth opportunity.
- Leverages long-standing customer relationships to drive sales growth.
- None.
LISHUI, China, July 13, 2022 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agricultural products supplier in China, announced today it received a new order for the Company's popular dried Shiitake mushrooms. This latest order will be exported to Canada.
Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, commented "Canada and the broader North American market continues to represent a significant growth opportunity for us. By leveraging our long standing customer relationships we have been able to more efficiently drive sales growth, more effectively penetrate faster growing markets and expand our longer-term growth opportunities. We believe our successful execution will unlock additional value for all of our shareholders as we remain focused on the company's profitable growth."
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. In addition to its offline sales, Farmmi sells its products direct-to-consumer. For further information about the Company, please visit its 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 customer's businesses and our end purchaser's 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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