LISHUI, China, Sept. 3, 2020 /PRNewswire/ -- Farmmi, Inc.
("Farmmi" or the "Company") (NASDAQ: FAMI), an agriculture
products supplier in China, today
announced its subsidiary Zhejiang Forest Food Co., Ltd., has
received its seventh follow-on order from the same existing
customer. The latest order is for dried Shiitake mushrooms,
dried and sliced Shiitake mushrooms and dried black Mu Er. The
customer, an Israeli import and marketing company, will export the
mushrooms to Israel.
Ms. Yefang Zhang, Farmmi's
Chairwoman and CEO, commented, "Israel – and the broader Middle East – is a very attractive growth
opportunity for us. The market for mushrooms there is on pace
for continued expansion as consumers focus on nutrition-dense food
sources. While the demand and benefits are clear and
compelling, the local agriculture environment is not conducive to
the cultivation of mushrooms given water constraints and soil
quality. Farmmi has been able to step in and work with
customers to provide the high-quality, flavor-rich mushrooms and
sough-after agricultural products needed to meet increased customer
demand. Our proven ability to reliably leverage our supply
chain to fulfill high-quantity orders is helping us to capture an
increasing number of these growth opportunities, as we continue to
execute on our long-term business and build value for
shareholders."
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 trading platform for Chinese
geographical indication agricultural products and is a large
platform 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 COVID-19 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.
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SOURCE Farmmi, Inc.