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LISHUI, China, Nov. 27, 2023 /PRNewswire/ — Farmmi, Inc. (“Farmmi” or the “Company”) (NASDAQ: FAMI), a supplier of agricultural products in China, announced that one of its valued consumers has sent a follow-up of a high-volume order to Chile. The newest order is of the company’s popular dried Shiitake mushrooms and Mu Er black mushrooms.
Ms. Yefang Zhang, CEO of Farmmi, commented: “We are in a golden era for mushrooms, where several positive catalysts are aligning at the same time to create greater expansion momentum at once. for the industry as a whole and for Farmmi. We have noticed a return to more general food and dining habits, and the reopening of the market after the pandemic has led to an increase in dining out and corporate meetings. At the same time, logistical demands and high shipping prices have returned to more general levels. There has also been a widespread labor shortage that affected certain issues in the cultivation process. These positive catalysts provide further momentum to the expansion that the industry as a whole already enjoys, as raising awareness about the importance of healthy nutrition on our immune system already helps drive broader expansion down the road. Farmmi is well placed to take advantage of those positive expansion drivers given our track record of offering high-quality agricultural products, a strong brand, an established distribution network and strong existing relationships with visitors.
About Farmmi, Inc.
Founded in 1998, Farmmi Inc. (Nasdaq: FAMI) is a supplier, processor, and warehouse of mushroom agricultural products such as Shiitake and Mu Er, as well as other agricultural products. Farmmi sells its products online and offline. For more facts about the company, visit the Farmmi website.
Forward-Looking Statements
Nothing in this press release should be construed as an offer to buy or sell securities. Any such offering may be made only in accordance with the Securities Act of 1933, as amended, and applicable state securities laws. Certain announcements contained in this press release relating to our long-term expansion clients are forward-looking announcements relating to our long-term business expectations and are intended to qualify for the “safe harbor” under the Private Securities Litigation Reform Act. 1995. These forward-looking statements involve a number of dangers and uncertainties that may also cause actual effects to differ materially from those contained in such forward-looking statements. Risks and uncertainties related to those risks include, but are not limited to, dangers and uncertainties related to the direct effects of the Covid-19 pandemic on the businesses of our visitors and the available source of income of our end buyers, our ability to raise capital in special situations. . Fulfillment of visitor orders, fluctuations in profits, fluctuations in exchange rates, our ability to manage expansion, our ability to generate revenue through the expansion of our operations and acquired assets in China, our ability to attract and retain qualified professionals, The concentration of visitors, the concentration of the commercial segment and the general economic situation have effects on our industry. Additional dangers that may also impact the long-term effects of our operations are described in more detail in our filings with the United States Securities and Exchange Commission. These filings can be obtained at www. sec. gov. Farmmi may, from time to time, make further written and oral forward-looking announcements, adding announcements contained in the Company’s filings with the Securities and Exchange Commission and in our reports to shareholders. Additionally, please note that all forward-looking statements contained in this press release are based on assumptions that we believe are conservative as of the date of this press release. The Company assumes no legal responsibility to update any forward-looking information that may be made from time to time by or on behalf of the Company, unless required by law.
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SOURCE Farmmi, Inc.