LISHUI, China, Aug. 19, 2019 /PRNewswire/ -- Farmmi, Inc.
(NASDAQ: FAMI), a leading agriculture products supplier in
China, today announced
the launch of the Farmmi Baba Yipinlv Organic Farm Project.
The project is being jointly carried out by Farmmi's subsidiary,
Hangzhou Nongyuan Network Technology Co., Ltd ("Nongyuan"),
and Tongxiang Yipinlv Family Farm Co., Ltd ("Yipinlv"),
which is engaged in the cultivation and sale of vegetables, fruits,
food crops, flowers, and the cultivation and sale of aquatic
products.
The Farmmi Baba Yipinlv Organic Farm Project (the "Farm")
covers more than 18 acres and is located in Tongxiang City of
Zhejiang Province. The Farm focuses on enabling domestic and
foreign consumers to better experience and enjoy high quality
agricultural products. In addition to consumption, the Farm
will serve as a base for the popular immersive entertainment
experience called "Agritainment" or farm-based tourism. This
will include family friendly activities, ranging from educational
opportunities and vegetable picking to seasonal activities.
The Farm will also boast green, ecological breeding of native
chickens, with fresh eggs available for purchase.
Yefang Zhang, Farmmi Chair and
CEO, stated, "With so many consumers adopting healthy lifestyles,
there is considerable demand for education and immersive
experiences starting at the initial farm level. In order to
make this venture successful, the Farm will be hiring organic
specialists to provide technical guidance to create a professional,
standardized and typical organic farm demonstration base.
Customers will be able to enjoy high-quality agricultural products
while directly interacting with the farm and its green, ecological
and organic culture. In the next phase, we will actively develop
regional cooperations and product marketing strategies, to leverage
the Farmmi Liangpin mall's cross-border, e-commerce platform.
We plan to expand and improve marketing channels, as we concentrate
on providing healthier, high-quality, safe agricultural products to
Chinese and foreign consumers. We also plan to make full use
of modern information technology and data systems foster the
tourism + new e-commerce model."
About Farmmi, Inc.
Headquartered in Lishui, Zhejiang, Farmmi, Inc. (NASDAQ: FAMI), is a
leading agricultural products supplier, processor and retailer of
Shiitake mushrooms, Mu Er mushrooms, other edible fungi, and many
other sought-after agricultural products. The Company's
Farmmi Liangpin Market is serves as a global trading platform for
Chinese geographical indication agricultural products and is a one
of the largest platforms for consumers to access locally sourced
agricultural products. For further information, please visit:
http://ir.farmmi.com.cn/.
Forward-Looking Statements
This announcement contains forward-looking statements within the
meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. All statements other than statements
of historical fact in this announcement are forward-looking
statements. These forward-looking statements involve known and
unknown risks and uncertainties and are based on current
expectations and projections about future events and financial
trends that the Company believes may affect its financial
condition, results of operations, business strategy and financial
needs. Investors can identify these forward-looking statements by
words or phrases such as "may," "will," "expect," "anticipate,"
"aim," "estimate," "intend," "plan," "believe," "potential,"
"continue," "is/are likely to" or other similar expressions. The
Company undertakes no obligation to update forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and the
Company cautions investors that actual results may differ
materially from the anticipated results.
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SOURCE Farmmi, Inc.