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.
Ms. 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."
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.
