LISHUI, China, June 11, 2020 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agriculture products supplier in China, today announced it would participate in China's oldest and largest international exhibition, the 127th China Import and Export Fair (www.cantonfair.org.cn) from June 15 to June 24, 2020. Popularly known as the Canton Fair and typically held in Guangzhou, China, the preeminent international exhibition will be held virtually online this time in observance of social distancing and safety guidelines.
The Canton Fair was founded in 1957 and is held twice a year, in the spring and autumn. It is an all-around international trade platform, showcasing an exhaustive list of products, supplies, devices, equipment across three distinct phases. The most recent Canton Fair featured over 60,000 exhibition booths, and nearly 25,000 exhibitors. 107 out of the Top 250 Global Retailers in 2019 attended the most recent Canton Fair. Among them were 5 of the Top 10 retailers: Wal-Mart, Schwartz, Amazon, Walgreen and CVS Health.
Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, commented, "The Canton Fair attracts merchants from all over the world, and is an important platform for us to meet customers, introduce products, conduct industry exchanges and seek cooperation opportunities. Our sales and marketing teams have done an excellent job adapting to the post-COVID-19 world. We have continued to expand our opportunity pipeline, while supporting our existing customers by embracing video calls and digital platforms. We have found many instances where customers are now more easily accessible virtually then they would have been if an in-person meeting was required. The Canton Fair will give us an even bigger stage to feature our popular green, ecological and healthy products, including dried mushrooms and fungus. We plan to leverage video promotion, multimedia and other online tools in order to capture growth opportunities migrating to the cloud exhibition and consumption model."
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 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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