Farmmi Shipping Another High Volume Order to Guam
Farmmi, Inc. (NASDAQ: FAMI), an agricultural products supplier based in China, announced a high-volume order of dried Shiitake mushrooms to Guam from a long-term customer. Chairwoman and CEO Yefang Zhang expressed satisfaction with the company's ongoing sales momentum as they transition into winter. The company aims to maintain growth into 2023 while nurturing its core business and expanding into products like corn and cotton. Founded in 1998, Farmmi specializes in edible mushrooms and sells both offline and directly to consumers.
- Secured a repeat high-volume sales order for dried Shiitake mushrooms.
- Sustained business momentum heading into winter and into 2023.
- Diversification efforts driving sales growth.
- None.
LISHUI, China, Nov. 29, 2022 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agricultural products supplier in China, announced today another bulk sales order to be exported to Guam. The repeat high-volume order for dried Shiitake mushrooms is from one of the Company's long-term customers.
Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, commented: "We are pleased with the sustained momentum in our business as we move into the winter season. Our efforts to diversify are benefitting us by driving sales growth. We see no reason to expect material changes as we head into the new year 2023. If anything, we expect to further build on our momentum as we continue to nurture our core business, while continuing to ramp our additive growth businesses, including corn and cotton, among others."
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 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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