Thursday, May 16, 2024

Farmmi Continues North American Sales Expansion

Farmmi, Inc. (“Farmmi” or the “Company”) (NASDAQ: FAMI), an agriculture products supplier in China, today announced a continuing expansion of its North American sales with the latest new customer sales order through its subsidiary Zhejiang Farmmi Biotechnology Co., Ltd. The latest order is for dried Shiitake mushrooms, and dried and sliced Shiitake mushrooms. The customer, a Canadian international trading company, specializes in importing and distributing Asian food products in the greater Vancouver area, Calgary and Winnipeg.

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Ms. Yefang Zhang, Farmmi’s Chairwoman and CEO, commented, “Our team is doing an excellent job building brand momentum with larger customers that have greater international reach to complement our strong foothold in the domestic China market. We believe this ongoing geographic diversification will be a multi-year growth driver. When you combine that with the underlying catalysts in our business, including more people consuming mushrooms as part of a healthy and nutritional diet, there is clear reason for optimism in our growth prospects.”

Headquartered in Lishui, Zhejiang, Farmmi, Inc. (NASDAQ: FAMI), is an agricultural products supplier, processor and retailer of Shiitake mushrooms, Mu Er mushrooms, other edible fungi and other agricultural products.

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