LISHUI, China, April 8, 2021 /PRNewswire/ -- Farmmi, Inc.
("Farmmi" or the "Company") (NASDAQ: FAMI), an agriculture
products supplier in China, today
announced it continues to build sales momentum, with its
subsidiary, Zhejiang Forest Food Co., Ltd., awarded a multi-product
order for export to Israel. This latest order is for dried
whole and sliced Shiitake mushrooms, and black fungus.
Ms. Yefang Zhang, Farmmi's
Chairwoman and CEO, commented, "This is the latest indication of
the sales momentum we are building in the domestic Asia markets and in key international markets,
as we successfully support and grow with customers. Our
strategy of closely partnering with customers and distributors in
growth markets worldwide continues to be a powerful business model,
allowing us to leverage our partners' sales, logistics and
distribution networks, while focusing our investments on expanding
our supply relationships, product lines and brand awareness."
Ms. Zhang continued, "Over the last few years we have firmly
established Farmmi as a global brand, known for its consistently
high product quality, superior taste, and impressive diversity in
the types of mushrooms we are able to reliably provide in high
volumes. Our focus is now on scaling our business and
accelerating Farmmi's growth given the compelling opportunities in
front of us, as more and more consumers incorporate mushrooms into
healthy diets and overall wellness programs."
The global mushroom market is expected to reach $69.3 billion by the end of 2024, up from
$34.1 billion in 2015, based on
projections from the firm Transparency Market Research. (source:
The Wall Street Journal, March 27-28,
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 and other edible fungi.
For further information about the Company, please visit:
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.