Farmmi Receives Follow-on Customer Order for Export to Canada
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/.
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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