Farmmi Shipping High-Volume Mushroom Order to Canada

Rhea-AI Summary

Farmmi, Inc. announces new high-volume mushroom order for export to Canada. The company's strategic investments in sales, marketing, automation, and supply chain management have allowed them to seize more opportunities. Farmmi's agricultural products are known for their superior quality and command a premium value.

Positive

• Farmmi is shipping a new high-volume mushroom order for export to Canada, indicating increased sales and market demand. The company's strategic investments in sales, marketing, automation, and supply chain management have enabled them to seize more opportunities, which could positively impact their stock price. Farmmi's agricultural products are renowned for their superior quality, commanding a premium value, and this could further enhance their market position.

Negative

• None.

LISHUI, China, May 16, 2023 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agriculture products supplier in China, today announced it is shipping a new high-volume mushroom order for its commercialized black fungus to export to Canada.

Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, commented: "Our sales team is committed to closely collaborating with customers globally to fulfill their needs. As a result of our strategic investments in sales and marketing, automation, and supply chain management, we are now able to seize a larger number of these opportunities than ever before.  This is a testament to the high quality of Farmmi's agricultural products, which are renowned for their superior quality and command a premium value, particularly as consumers increasingly prioritize healthy choices. This trend transcends geographic boundaries and socioeconomic classes, as people recognize the link between what they eat, their well-being, and longevity."

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.

FAQ

What is Farmmi, Inc. shipping to Canada?

Farmmi, Inc. is shipping a new high-volume mushroom order for export to Canada.

What factors have contributed to Farmmi's ability to seize more opportunities?

Farmmi's strategic investments in sales, marketing, automation, and supply chain management have contributed to their ability to seize more opportunities.

Why are Farmmi's agricultural products in demand?

Farmmi's agricultural products are known for their superior quality and command a premium value, making them highly sought after in the market.