LISHUI, China, Dec. 2, 2021 /PRNewswire/ -- Farmmi, Inc.
("Farmmi" or the "Company") (NASDAQ: FAMI), an agriculture products
supplier in China, today announced
that on December 1, 2021, it received
notification from The Nasdaq Stock Market LLC ("NASDAQ") confirming
the Company has been granted an additional 180 calendar day period
for compliance under its minimum bid price requirement through
May 30, 2022. To regain
compliance with NASDAQ's minimum bid price requirement, the closing
bid price of the Company's ordinary shares needs to be at least
$1.00 per share or greater for at
least ten consecutive business days by May
30, 2022.
About Farmmi, Inc.
Farmmi Inc. (NASDAQ: FAMI) was Established in 1998,
formerly known as Zhejiang Forasen Food Co., Ltd., which is an
agricultural e-commerce technology enterprise. Headquartered in
Lishui, Zhejiang, 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 press release contains forwarding-looking statement within
information about Farmmi Inc.'s views on its future expectations,
plans and prospects. We remind you not to rely too much on these
forward-looking statements. Due to various of factors, actual
results may differ materially from the anticipated results,
including but not limited to its ability to raise additional funds,
maintain and develop business, variability of business performance,
ability to maintain and enhance its brand, development and launch
of new products and services, successful integration of acquired
companies, technologies and assets into its product and service
portfolio, marketing and other business development initiatives,
industry competition, general government regulation, economic
conditions, the impact of the novel coronavirus pneumonia,
dependence on key personnel, attracting, hiring and retaining
personnel with the skills and experience required to meet customer
requirements, and the ability to protect their intellectual
property rights. Farmmi Inc. encourages you to review other factors
that may affect its future results in its registration statement
and other documents submitted to the U.S. Securities and Exchange
Commission. The forward-looking statements in this press release
are based on current expectations, our company does not undertake
the obligation to update these forward-looking statements.
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SOURCE Farmmi, Inc.