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.
Ms. 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."
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.