Farmmi Shipping Multi-Product Order to Guam
Farmmi, Inc. (NASDAQ: FAMI), an agricultural products supplier, has announced a new sales order for dried Shiitake and black Mu Er mushrooms destined for Guam. This order is from a long-term customer, highlighting Farmmi's successful business execution. CEO Yefang Zhang stated that the order contributes to their profitable revenue growth and expands their product lines, which now include cotton and corn. Established in 1998, Farmmi focuses on both offline sales and direct-to-consumer approaches.
- New sales order for dried Shiitake and Mu Er mushrooms from a long-term customer.
- Expansion into new revenue streams, including cotton and corn businesses.
- Focus on profitable revenue growth supports business momentum.
- Potential risks from lingering effects of the Covid-19 pandemic affecting customer businesses.
- Dependence on customer orders and potential fluctuations in earnings.
- Economic conditions and client concentration risks could impact future performance.
LISHUI, China, Aug. 23, 2022 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agricultural products supplier in China, announced today a new sales order that will be exporting to Guam. The order for dried Shiitake mushrooms and black Mu Er mushrooms is from one of the Company's long-term customers.
Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, commented "This latest order is from one of our long-term customers for multiple products to one of the many markets we are developing worldwide. Our successful business execution and continued focus on profitable revenue growth are helping us drive meaningful business momentum, as we also benefit from new revenue streams that are completely additive and expand the breadth of our product lines, including our new cotton and corn businesses."
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.
View original content to download multimedia:https://www.prnewswire.com/news-releases/farmmi-shipping-multi-product-order-to-guam-301610256.html
SOURCE Farmmi, Inc.
FAQ
What recent order did Farmmi (FAMI) announce?
Who is the CEO of Farmmi (FAMI) and what did they say about the new order?
What are some products offered by Farmmi (FAMI)?
When was Farmmi (FAMI) established?
