LISHUI, China, May 5, 2021 /PRNewswire/ --Farmmi, Inc. ("Farmmi"
or the "Company") (NASDAQ: FAMI), an agriculture products
supplier in China, today announced
its subsidiary Zhejiang Forest Food Co., Ltd., won another
multi-product order for export to Japan for the Company's high-quality, richly
flavored dried mushrooms, and dried black fungus. This
latest win is a repeat order from an existing customer based in
Japan as Farmmi continues to boost
its growth and benefit from strong global demand for
The New York Times, recently
reported, "Mushrooms are showing up in all sorts of wellness
products, pushing them into the mainstream and making mushrooms a
major force in the flourishing, multi-billion dollar wellness
market." (source: "The Mushroom Boom", The New
York Times, April 25,
Ms. Yefang Zhang, Farmmi's
Chairwoman and CEO, commented, "As a major company in the mushroom
industry, we have been big proponents of the culinary delights, and
the many potential wellness benefits, such a vitamin and nutritious
rich food can bring to a healthy lifestyle. We are pleased to
see mushrooms now taking an even more prominent role in
restaurants, households and wellness centers, as the prioritization
of healthier lifestyles drives increased sales and demand. At
Farmmi, we are encouraged with our significant progress but even
more excited about the Company's future. We are moving
forward with greater confidence having recently strengthened our
balance sheet through an underwritten public offering. This
gives us the improved financial strength needed to now move into an
accelerated growth phase, with the support of an even more robust
integrated supply chain and sales network."
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 other
agricultural products. For further information about the
Company, please visit: http://ir.farmmi.com.cn/.
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.