Business
Farmmi Ships High-Volume Repeat Order to Chile; Company Sees Golden Age for Mushrooms
LISHUI, China, Nov. 27, 2023 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agriculture products supplier in China, today
About this update from Farmmi, Inc. Ordinary Shares
[{"type":"text","content":"LISHUI, China, Nov. 27, 2023 /PRNewswire/ -- Farmmi, Inc. (\"Farmmi\" or the \"Company\") (NASDAQ: FAMI), an agriculture products supplier in China, today announced one of its valued customers shipped a follow-up high-volume order to Chile. The latest order is for the Company's popular dried Shiitake mushrooms and black Mu Er mushrooms.\n\n \n \n \n \n \n \n\n \nMs. Yefang Zhang, Farmmi's Chairwoman and CEO, commented: \"We are in a bit of a Golden Age for mushrooms, where several positive catalysts are aligning at the same time to create added growth momentum for both the broader industry and Farmmi. 2023 has seen a return to more normal dining and dietary habits, with the post-pandemic market reopening leading to an uptick for restaurants and group gatherings. At the same time, logistic challenges and higher shipping costs have returned to more normal levels. Lastly, bottlenecks from labor shortages that were impacting points in the cultivation process have also normalized. Those positive catalysts are providing added momentum on top of the growth the broader industry was already benefiting from as increased awareness of the importance healthy diets have on our immune systems was already helping to drive broader market growth. Farmmi is well positioned to benefit from these positive growth drivers given our track record for providing high-quality agriculture products, our strong brand name, established distribution network and existing strong customer relationships.\"\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. Farmmi sells its products both online and offline. For further information about the Company, please visit Farmmi's 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 for...