LISHUI, China,
Aug. 16,
2022 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the
"Company") (NASDAQ: FAMI), an agricultural products supplier in
China, announced today the recent
formation of a wholly owned subsidiary, Farmmi Canada Inc., to
further develop its agricultural products trading business in
Canada and other international
markets. The Company also announced a new sales win for its
popular, flavor rich, nutritious dried Shiitake mushrooms, which
will export to Vancouver, Canada.
Ms. Yefang Zhang, Farmmi's
Chairwoman and CEO, commented "We are excited about this latest
step in Farmmi's evolution and believe it will help Canada become an even greater contributor to
our sales as we move forward. The formation of our new Farmmi
Canada subsidiary reflects the critical mass we have achieved in
the North American market and Canada's strategic importance to our long-term
growth. As we have grown our local presence, it became clear there
is an opportunity for even faster growth in Canada and other international markets we can
more effectively serve from Canada."
About Farmmi, Inc.
Established 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.
Forward-Looking Statements
No 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, fluctuations in foreign exchange rates, our ability to
manage growth, our ability to realize revenue from expanded
operation and acquired assets in China, our ability to attract and retain
skilled professionals, client concentration, industry segment
concentration, and general economic conditions affecting our
industry. Additional risks that could affect our future operating
results are more fully described in our United States Securities
and Exchange Commission filings. These filings are available at
www.sec.gov. Farmmi may, from time to time, make additional written
and oral forward-looking statements, including statements contained
in the Company's filings with the Securities and Exchange
Commission and our reports to shareholders. In addition, please
note that any forward-looking statements contained herein are based
on assumptions that we believe to be reasonable as of the date of
this press release. The Company does not undertake to update any
forward-looking statements that may be made from time to time by or
on behalf of the Company unless it is required by law.
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SOURCE Farmmi, Inc.