Farmmi Ships Latest Order to Canada; Company Continues to Benefit from Healthy North American Demand

Rhea-AI Summary

Farmmi, Inc. (NASDAQ: FAMI) announced a new order for shipment to Canada, showcasing sustained demand in North America for its high-quality dried Shiitake mushrooms. The company's Chairwoman and CEO, Ms. Yefang Zhang, emphasized the focus on driving growth in core markets, particularly North America, due to the positive environment for mushrooms in culinary and dietary realms. Farmmi is optimistic about its outlook with improving macro environment impediments.

LISHUI, China, Dec. 4, 2023 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agriculture products supplier in China, announced today its latest order for shipment to Canada, reflecting continued healthy North American demand. The latest order is for the Company's high-quality dried Shiitake mushrooms.

Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, commented: "We continue to focus on driving growth in our core markets and geographies, of which, North America is a top priority for us. The inclusion of mushrooms into the broader culinary and dietary realms creates a very positive environment for Farmmi given our solid market position, strong brand, impressive customer base and excellent track record of fulfilling high-volume orders. We continue to gain optimism in our outlook as we see macro environment impediments improving."

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 did Farmmi, Inc. announce recently?

Farmmi, Inc. announced a new order for shipment to Canada, reflecting sustained demand in North America for its high-quality dried Shiitake mushrooms.

What is the ticker symbol for Farmmi, Inc.?

The ticker symbol for Farmmi, Inc. is FAMI on the NASDAQ stock exchange.

Who is the Chairwoman and CEO of Farmmi, Inc.?

Ms. Yefang Zhang is the Chairwoman and CEO of Farmmi, Inc.

What is the focus of Farmmi, Inc. in terms of market growth?

Farmmi, Inc. is focusing on driving growth in its core markets and geographies, with North America being a top priority.

What product is included in the latest order announced by Farmmi, Inc.?

The latest order announced by Farmmi, Inc. is for the company's high-quality dried Shiitake mushrooms.

Why is Farmmi, Inc. optimistic about its outlook?

Farmmi, Inc. is optimistic due to the improving macro environment impediments and the positive environment for mushrooms in culinary and dietary realms.