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LISHUI, China, Dec. 6, 2022 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agricultural products supplier in China, today announced a new high volume order which will ship to Israel. The latest repeat order comes from one of Farmmi's long-term customers and is for the Company's popular dried Shiitake mushrooms.
Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, commented: "ESG concerns have proliferated the food industry given expectations for continued global population growth combined with the destruction climate impact is having on the worldwide food supply. This is due to loss of land from flooding, increased temperature volatility causing crop yield loss and the need to adopt sustainable practices. Farmmi has long taken pride in the adoption of environmentally friendly agriculture practices and policies across our operations. This has helped us to prioritize where we invest and in what agriculture segments we focus. In the case of our popular dried Shiitake mushrooms, these check all the boxes with very low water usage, light bulk weight for easier shipping and reduced fuel demands for transport. Customers also appreciate the long life of dried Shiitake mushrooms, which eliminates costly shrinkage that plagues the agriculture industry and causes unfortunate waste."
About Farmmi, Inc.
Established in 1998, Farmmi Inc. (NASDAQ: FAMI) is an agricultural products supplier, processor and retailer of edible mushrooms like Shiitake and Mu Er, as well as other agricultural products. In addition to its offline sales, Farmmi sells its products direct-to-consumer. For further information about the Company, please visit website.
Forward-Looking Statements
No statement made in this press release should be interpreted as an offer to purchase or sell any security. Such an offer can only be made in accordance with the Securities Act of 1933, as amended, and applicable state securities laws. Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations and intended to qualify for the "safe harbor" under the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding lingering effects of the Covid-19 pandemic on our customer's businesses and our end purchaser's disposable income, our ability to raise capital on any particular terms, fulfillment of customer orders, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, our ability to realize revenue from expanded operation and acquired assets in China, our ability to attract and retain skilled professionals, client concentration, industry segment concentration, and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings. These filings are available at www.sec.gov. Farmmi may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. In addition, please note that any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this press release. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.
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