Business
Farmmi Continues North American Sales Expansion with Latest Order Complementing Growth in New Corn and Cotton Businesses
LISHUI, China, Sept. 7, 2022 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agricultural products supplier in China, announced
About this update from Farmmi, Inc. Ordinary Shares
[{"type":"text","content":"LISHUI, China, Sept. 7, 2022 /PRNewswire/ -- Farmmi, Inc. (\"Farmmi\" or the \"Company\") (NASDAQ: FAMI), an agricultural products supplier in China, announced the Company is continuing its North American sales expansion with its latest order, complementing growth in the Company's new corn and cotton businesses. The order for Winter mushrooms and Camellia mushrooms will export to Canada.\n\n \n \n \n \n \n \n\n \nMs. Yefang Zhang, Farmmi's Chairwoman and CEO, commented \"We are focused on driving growth as we leverage the strong platform we built in our core fungi business, with the significant new greenfield revenue opportunities we recently added in corn and cotton. These are all established, very large markets where our brand, logistics and supply chain expertise, warehousing and processing and fulfilment capabilities give Farmmi a meaningful competitive advantage. Food scarcity has increasingly been at the forefront of concerns for many of our customers as they work to secure much needed inventory during global drought conditions and continuing COVID concerns. Our team is doing a great job supporting this added demand and working closely with our customers to align with their expected growth over the coming quarters. We also continue to prioritize the geographic markets we are focusing our resources on, with North America remaining one of the highest growth potential markets for us after our domestic China market and the broader Asian market.\"\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 forwa...