Farmmi Ships High-Volume Repeat Order to Jordan

Rhea-AI Summary

Farmmi, Inc. has announced a repeat order for export of its high-quality dried Shiitake mushrooms to Jordan. The demand for mushrooms is increasing globally, and Farmmi is well-positioned to benefit from this trend. Mushrooms are popular due to their health benefits, low sugar content, and versatility in cooking. Farmmi's global customer base, strong sales team, and stable supply chain contribute to its positive growth outlook.

Positive

• Farmmi has received a repeat order for export of its dried Shiitake mushrooms to Jordan, indicating a strong demand for its products.
• The demand for mushrooms is on the rise globally, providing an opportunity for Farmmi to capitalize on this trend.
• Mushrooms are popular due to their health benefits, low sugar content, and versatile use in cooking, making them a preferred choice for consumers.

Negative

• None.

LISHUI, China, Oct. 25, 2023 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agriculture products supplier in China, announced today the Company has shipped a repeat order for export to Jordan. The repeat order from a long-term customer is for the Company's high-quality dried Shiitake mushrooms.

Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, commented: "In recent years, the demand for mushrooms has been on the rise, and the mushroom trade has become increasingly global. Farmmi is well-positioned to capitalize on this trend due to several growth catalysts. Both existing and new consumers are incorporating fungi into their core diets for health benefits. Mushrooms are known for being low in sugar, high in nutrients, and rich in flavor, making them a popular choice in households and professional kitchens worldwide. This versatile food not only tastes great but also aligns with health-conscious consumers and those looking for meat alternatives due to health concerns and rising prices. In addition, their appealing texture and flavor make mushrooms an excellent substitute that complements a wide range of dishes. We are enthusiastic about the future of Farmmi's business, given its global customer base, proven sales team, and a more stabilized supply chain and logistics. These factors are converging to create an attractive growth landscape for us."

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 the recent announcement from Farmmi, Inc.?

Farmmi, Inc. has announced a repeat order for export of its high-quality dried Shiitake mushrooms to Jordan.

What are the factors contributing to Farmmi's positive growth outlook?

Farmmi's positive growth outlook is attributed to its global customer base, strong sales team, and stable supply chain.

Why are mushrooms popular among consumers?

Mushrooms are popular due to their health benefits, low sugar content, and versatility in cooking.

What is the demand for mushrooms like globally?

The demand for mushrooms is increasing globally, providing an opportunity for companies like Farmmi to benefit from this trend.