LISHUI, China, June 20,
2023 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or
the "Company") (NASDAQ: FAMI), an agriculture products supplier in
China, today announced a new high
volume order for its dried Shiitake mushrooms and dried black
fungus, which will export to Romania. The latest high volume order
represents a further sales expansion in Europe.
According to the World Bank, Romania's economic growth has been one of the
highest in the European Union since 2010. Economic growth was
robust in 2022 at 4.8 percent. Romania has made impressive strides in raising
its economic performance and prosperity over the past two decades.
However, the COVID-19 pandemic and Russia's invasion of Ukraine have tested the resilience of the
Romanian economy and exacerbated its structural vulnerabilities,
especially in terms of poverty and disparities in economic
opportunity, persistently large gender gaps in labor force
participation and employment, widening fiscal and current account
deficits, and significant institutional constraints hindering the
efficient use of resources. (source: The World Bank)
Ms. Yefang Zhang, Farmmi's
Chairwoman and CEO, commented: "Mushrooms have historically been a
mainstay of the Romanian diet. The mineral dense, healthy benefits
are sought after and embraced, especially during the long winters.
This latest order underscores the high quality we are known for
among discerning customers, as our products are sought after
despite the availability of locally produced and wild
mushrooms."
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. Farmmi sells its products both online and offline. For
further information about the Company, please visit Farmmi's
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 customers' businesses and our end
purchasers' 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.
