Farmmi to Ship High-Volume Order to the Middle East
Farmmi, Inc. (NASDAQ: FAMI) announced a significant order for dried Shiitake mushrooms, destined for export to the Middle East. The company is experiencing increased demand for high-quality agricultural products and has successfully managed costs despite global inflation. Chairwoman and CEO Yefang Zhang highlighted the advantages of mushroom production, including lower water usage and reduced shipping costs, supporting Farmmi's business expansion strategy in key global markets.
- Received a high-volume order for dried Shiitake mushrooms.
- Increased demand for high-quality agricultural products.
- Effective cost management despite global inflation.
- Lower water usage and reduced shipping costs enhance profitability.
- None.
LISHUI, China, Oct. 11, 2022 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agricultural products supplier in China, today announced the receipt of a high-volume order for its popular dried Shiitake mushrooms. The customer will export the Shiitake mushrooms to the Middle East.
Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, commented: "Farmmi is benefitting from a continued uptick in demand for high quality agricultural products. We remain steadfast on providing customers with the variety and consistent quality they require. Our team has also done a good job keeping costs under control despite the broader global inflationary environment. Mushrooms inherently require much less water to produce than other crops and shipment costs are reduced given the lower final product weight. These reasons have allowed us to stay on track with our business expansion strategy, as we further expand our footprint and brand in key markets worldwide."
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.
FAQ
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