LISHUI, China, Sept. 17, 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 another follow-on order from an existing customer. The
latest order, which is the tenth from this customer, is for
Farmmi's popular dried black fungus. The customer, an international
trading company that has purchased a variety of agricultural
products for export purposes, will export the black fungus to
Canada.
Ms. Yefang Zhang, Farmmi's
Chairwoman and CEO, commented, "We have built a long-term
relationship with this export customer based on our track record of
quality. Our ability to ensure the supply chain and chain of
control – from raw material processing, production packaging and
warehousing to sales – is critical to meeting the strict demands of
this customer and our other customers. We are excited to see
continued demand growth in the U.S., Canada and our other key international
markets. Consumers are becoming more sophisticated in their tastes
and culinary requirements, and are demanding the robust flavored,
high-quality agricultural products we are known for. This gives us
an important competitive advantage and helps position us for
long-term growth."
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.