Business
Farmmi Announces New High-Volume, North American Sales Order
LISHUI, China, Nov. 2, 2022 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agricultural products supplier in China, today
About this update from Farmmi, Inc. Ordinary Shares
[{"type":"text","content":"LISHUI, China, Nov. 2, 2022 /PRNewswire/ -- Farmmi, Inc. (\"Farmmi\" or the \"Company\") (NASDAQ: FAMI), an agricultural products supplier in China, today announced a new high-volume order which will ship to North America. The latest order is for the Company's popular dried Shiitake mushrooms and will be exported to Canada.\n\n \n \n \n \n \n \n\n \nMs. Yefang Zhang, Farmmi's Chairwoman and CEO, commented \"We are encouraged by the high level of activity we are seeing in the North American market. This has long been one of the industry's largest and fastest growing geographies. Complications resulting from COVID shutdowns and higher supply chain and logistics costs presented challenges to both Farmmi and our customers. The recent easing of complications is serving as a tailwind and driving new demand for our products, which we believe will continue through Q4 as consumers stock up in advance of the traditionally colder winter months.\"\nAbout Farmmi, Inc.\nEstablished 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.\nForward-Looking Statements\nNo 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, fluctu...