Farmmi, Inc., an agricultural products supplier in China, announced that it continues to drive growth with a new order shipment to Egypt, one of Africa’s largest economies. The latest order is for its dried Shiitake mushrooms.
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Ms. Yefang Zhang, Farmmi’s Chairwoman and CEO, commented, “Egypt represents another attractive opportunity for us as we continue to drive growth by providing the high-quality agricultural products and scale customers require. Egypt is representative of the continued rebound we are seeing worldwide from COVID-19, which is also benefitting from heightened interest in healthy diets and meat alternatives. Investments we have made in our infrastructure and supply chain are allowing us to source, process and fulfill customer orders. We are focused on continuing to drive higher growth, improve profitability and build our free cash flow, as we also work to build shareholder value through the successful execution of our long-term business diversification.”
About Farmmi, Inc.
Established in 1998, Farmmi Inc. 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-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 customers’ businesses and end purchasers’ 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.