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Farmmi Subsidiary Fulfills New Orders from Long-term Customer

2020-05-07 18:00 4720

LISHUI, China, May 7, 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. won and fulfilled multiple new orders from a long-term customer, a trading company with business relationships in more than 100 countries and operating businesses across hundreds of products. The follow-on orders for dried mushrooms and dried mushroom slices were shipped to the U.S. and have already been received.

Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, commented, "Repeat orders like these underscore the momentum in our business and our ability to support large, multi-national companies. By helping customers meet the growing worldwide demand for high quality, fresh agricultural products we are building mutually beneficial, long-term relationships that will help drive our company's future growth, cash flow generation and profitability."

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 global trading platform for Chinese geographical indication agricultural products and is one of the largest platforms for consumers to access locally sourced agricultural products. For further information about the Company, please visit: http://ir.farmmi.com.cn/.

Forward-Looking Statements

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 the Coronavirus 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.
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