Farmmi Wins New Order for Export to Lebanon
Farmmi, Inc. (NASDAQ: FAMI), an agricultural products supplier in China, announced a new product order from its subsidiary, Zhejiang Farmmi Biotechnology Co., Ltd., for dried whole Shiitake mushrooms destined for export to Lebanon. This order reflects the company's strategy to tap into developing markets and respond to increasing consumer demand for nutrient-rich products and meatless options. Chairwoman and CEO Yefang Zhang highlighted the opportunity for product shipment expansion.
- New product order for Shiitake mushrooms indicates expanding market presence.
- Export of dried mushrooms to Lebanon shows diversification of customer base.
- Company is responding to rising consumer interest in healthier diets.
- None.
LISHUI, China, Sept. 1, 2021 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agriculture products supplier in China, today announced the Company's subsidiary Zhejiang Farmmi Biotechnology Co., Ltd., won a new product order for its popular dried whole Shiitake mushrooms. The customer will export Farmmi's Shiitake mushrooms to Lebanon.
Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, commented, "This is another developing market for Farmmi and we are pleased to be working with customers to expand our product shipments there. We have seen considerable momentum led by the increased sophistication of consumer diets, the desire for more vitamin and nutrient-rich products and the mainstreaming of meatless choices."
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.
View original content to download multimedia:https://www.prnewswire.com/news-releases/farmmi-wins-new-order-for-export-to-lebanon-301367067.html
SOURCE Farmmi, Inc.
FAQ
What new order did Farmmi win for export?
How does the new order impact Farmmi's business?
What are the expectations of Farmmi regarding consumer demand?
Which subsidiary of Farmmi is involved in the new order?
