LISHUI, China, Feb. 27, 2020 /PRNewswire/ -- Farmmi, Inc.
("Farmmi" or the "Company") (NASDAQ: FAMI), an agriculture products
supplier in China, today announced
it won a new U.S. customer. The U.S. retailer signed a
contract to purchase more than 6 tons of Farmmi's specialized
shiitake mushroom products, including flower mushrooms.
Ms. Yefang Zhang, Farmmi's
Chairwoman and CEO, commented, "This new customer was referred by
one of our existing customers based on their high satisfaction with
our products. This is a significant order for us and reflects
the continued demand growth we are benefitting from as we leverage
our increased investments in sales and marketing, while building
upon Farmmi's strong brand recognition and existing customer
relationships. Importantly, we have been able to operate our
business with minimal disruptions in the current environment due to
our inventory sourcing system, inherent stability of the dried
mushrooms we sell and our coordination with the government in
Lishui to minimize any potential transportation delays."
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, including the potential impact of the Coronavirus on
our business within and outside of China. 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.
View original
content:http://www.prnewswire.com/news-releases/farmmi-wins-new-us-customer-301012099.html
SOURCE Farmmi, Inc.