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Farmmi Subsidiary Wins Multi-Million Dollar Repeat Customer Order

·2 mins read

LISHUI, China, April 27, 2020 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agriculture products supplier in China, today announced its subsidiary Zhejiang FLS Mushroom Co., Ltd. won a major order valued at more than US$2.1 million. The order for Shiitake and black Mu Er mushrooms is from an existing customer, which sells agriculture products in China.

Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, commented, "This major, multi-million dollar repeat order is great news and another sign of the progress we are making in our business as we focus on driving profitably long-term growth. We are very happy because this latest order comes from a customer we have had a long-term cooperation with and it underscores mutual commitment. With high quality, healthy agriculture products, we are building increased scale by helping customers meet growing worldwide demand for fresh produce."

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 the Coronavirus 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.

Cision
Cision

View original content:http://www.prnewswire.com/news-releases/farmmi-subsidiary-wins-multi-million-dollar-repeat-customer-order-301047290.html

SOURCE Farmmi, Inc.