LISHUI, China, Feb. 6, 2020 /PRNewswire/ -- Farmmi, Inc.
("Farmmi" or the "Company") (NASDAQ: FAMI), an agriculture
products supplier in China, today
reported a 42% increase in January
2020 sales volume as compared to January 2019. The
number of orders increased 44% in January
2020, as compared to January
2019. The Company noted the improvements reflect increased
demand in existing markets, including Japan, the U.S., Canada, Europe, Israel and China, and Turkey, which represents a new market
opportunity.
Ms. Yefang Zhang, Farmmi's
Chairwoman and CEO, commented, "We are encouraged with the healthy
growth our business achieved in January. We will work to build
on this momentum as we move through 2020 and continue to execute on
our long-term growth plan as we leverage our premium product
quality, highly experienced employee base, local production
facilities and strong supply chain relationships."
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 serves as a global trading platform for Chinese
geographical indication agricultural products and is one of the
largest platforms for consumers to access locally sourced
agricultural products. For further information about the Company,
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.
For more information, please contact Investor
Relations:
Global IR Partners
David Pasquale
New York Office Phone: +1-914-337-8801
FAMI@Globalirpartners.com
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SOURCE Farmmi, Inc.