Farmmi, Inc., an agricultural products supplier in China, announced it received a new order for the Company’s popular dried Shiitake mushrooms. This latest order will be exported to Canada.
Ms. Yefang Zhang, Farmmi’s Chairwoman and CEO, commented “Canada and the broader North American market continues to represent a significant growth opportunity for us. By leveraging our long standing customer relationships we have been able to more efficiently drive sales growth, more effectively penetrate faster growing markets and expand our longer-term growth opportunities. We believe our successful execution will unlock additional value for all of our shareholders as we remain focused on the company’s profitable growth.”
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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-consumer. For further information about the Company, please visit its website.
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.