Farmmi Shipping Repeat Order to Southwest Asia
Farmmi, Inc. (NASDAQ: FAMI), a Chinese agricultural products supplier, has received a repeat order for its dried Shiitake mushrooms intended for export to Jordan. CEO Yefang Zhang noted an increase in customer orders as businesses secure supply amid global water shortages affecting other crops. This trend is expected to bolster demand for mushrooms, which are more environmentally sustainable. Established in 1998, Farmmi offers various edible mushrooms and sells directly to consumers.
- Received a repeat order for dried Shiitake mushrooms, indicating strong customer demand.
- Potential increase in sales due to rising substitution of mushrooms in diets, driven by global water shortages affecting other crops.
- None.
LISHUI, China, Aug. 29, 2022 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agricultural products supplier in China, received another repeat customer's order for its popular dried Shiitake mushrooms. The customer will export the Shiitake mushrooms to Jordan.
Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, commented "We are starting to see more customers trying to secure product further out in time. This gives us added visibility and is helpful in managing our supply chain from production and processing through warehousing and fulfilment. We believe the catalyst for the forward planning is an offshoot of the current global water drought, which is expected to have a materially negative impact on tomatoes, grapes and other products, which we do not presently sell. For us, mushrooms are one of the lowest water intensive products, making them one of the most environmentally friendly crops farmers can grow. We expect to see people increasing substituting mushrooms into their diets and recipes, which will potentially provide added uplift for our sales."
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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