Farmmi Wins Another Multi-Product Order; Exporting to the U.S.
Farmmi, Inc. (NASDAQ: FAMI) announced that its subsidiary, Zhejiang Forest Food Co., Ltd., received a multi-product order for dried mushrooms and black fungus from a long-term customer for export to the United States. CEO Yefang Zhang emphasized the company's commitment to high-quality products and expressed optimism about future growth due to investments in manufacturing and logistics. The company believes it is at an inflection point benefiting from increased scale and strong global demand, especially in culinary and traditional medicinal uses.
- Received a multi-product order for export to the U.S.
- Strong long-term customer relationship.
- Investments in manufacturing and logistics enhance competitive advantage.
- Positive outlook for growth driven by global demand.
- None.
LISHUI, China, Aug. 11, 2021 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agriculture products supplier in China, today announced the Company's subsidiary Zhejiang Forest Food Co., Ltd., won a multi-product order from a long-term customer for its popular dried whole and sliced mushrooms, and dried black fungus. The customer will export Farmmi's products to the United States.
Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, commented, "We continue to expand our business by providing high-quality food products, with the support of long-term supply chain relationships. Investments we have made in our manufacturing and logistics give us a significant competitive advantage and add confidence to our optimistic business outlook. We are at an inflection point in Farmmi's development and expect to drive continued growth as we benefit from our increased scale and strong global demand trends in culinary uses and traditional Chinese medicine."
About Farmmi, Inc.
Headquartered in Lishui, Zhejiang, Farmmi, Inc. (NASDAQ: FAMI), is an agricultural products supplier, processor and retailer of Shiitake mushrooms, Mu Er mushrooms, other edible fungi and other agricultural products. For further information about the Company, please visit: http://ir.farmmi.com.cn/.
Forward-Looking Statements
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including the potential impact of COVID-19 on our business within and outside of China and the size of the worldwide mushroom market. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.
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SOURCE Farmmi, Inc.
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