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Farmmi Builds on International Growth with Repeat Customer Order

Published : Tuesday, January 18, 2022, 9:00 pm
ACROFAN=PRNewswire | mediainquiries@prnewswire.com | SNS

LISHUI, China, Jan. 18, 2022 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agriculture products supplier in China, today announced the Company's subsidiary Zhejiang Farmmi Biotechnology Co., Ltd., won another follow-on product order. The latest order for dried Shiitake is from one of the Company's long-term customers, which will export Farmmi's products to Vancouver, Canada.

Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, commented, "We are seeing a higher level of customer activity than is typical for this time of year as positive demand tailwinds from last year continue into 2022. We continue to do a good job managing our supply chain to meet the increased demand, as we ensure high quality agriculture products, and meet larger size, repeat orders. We are excited about the Company's business prospects for 2022, having strengthened our balance sheet in 2021 in order to fund the next phase of Farrmi's accelerated growth. We thank shareholders for their continued support and look forward to unlocking more of the Company's true potential."

About Farmmi, Inc.

Farmmi Inc. (NASDAQ: FAMI) was Established in 1998, formerly known as Zhejiang Forasen Food Co., Ltd., which is an agricultural e-commerce technology enterprise. Headquartered in Lishui, Zhejiang, is an 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: https://ir.farmmi.com.cn/.

Forward-Looking Statements

This press release contains forwarding-looking statement within information about Farmmi Inc.'s views on its future expectations, plans and prospects. We remind you not to rely too much on these forward-looking statements. Due to various of factors, actual results may differ materially from the anticipated results, including but not limited to its ability to raise additional funds, maintain and develop business, variability of business performance, ability to maintain and enhance its brand, development and launch of new products and services, successful integration of acquired companies, technologies and assets into its product and service portfolio, marketing and other business development initiatives, industry competition, general government regulation, economic conditions, the impact of the novel coronavirus pneumonia, dependence on key personnel, attracting, hiring and retaining personnel with the skills and experience required to meet customer requirements, and the ability to protect their intellectual property rights. Farmmi Inc. encourages you to review other factors that may affect its future results in its registration statement and other documents submitted to the U.S. Securities and Exchange Commission. The forward-looking statements in this press release are based on current expectations, our company does not undertake the obligation to update these forward-looking statements.



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