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Farmmi Subsidiary Wins Major Repeat Customer Order

2020-03-23 18:00 2860

LISHUI, China, March 23, 2020 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company")  NASDAQ: FAMI), an agriculture products supplier in China, today announced Zhejiang FLS Mushroom Co., Ltd. ("FLS Mushroom"), a subsidiary, won a major order from a long-term customer valued at more than RMB 18 million

Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, commented, "We are pleased to build upon the long-term relationship we have with this important customer.  We have shared a long-term cooperation in support of the customer's growing distribution business in China.  Our ability to meet the increased demand for Shiitake mushrooms, Mu Er mushrooms, other edible fungi, and sought-after agricultural products makes us a valued partner to all of our customers.  Providing fresh, high quality agricultural products is even more critical now as we help each other to navigate the impact and uncertainty around the COVID-19 virus.  Our focus remains on the health and safety of our employees and customers, as our operations are gradually returning to normal with prior logistic challenges mostly resolved." 

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.

For more information, please contact Investor Relations:

Global IR Partners
David Pasquale
New York Office Phone: +1-914-337-8801
FAMI@Globalirpartners.com 

Cision View original content:http://www.prnewswire.com/news-releases/farmmi-subsidiary-wins-major-repeat-customer-order-301027881.html

Source: Farmmi, Inc.
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