Farmmi Subsidiary Receives Additional Repeat Order for Distribution in Israel
LISHUI, China, June 18, 2020 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agriculture products supplier in China, today announced its subsidiary Zhejiang Forest Food Co., Ltd., has received an additional repeat order for distribution of its Shiitake mushrooms and black fungus in Israel.
Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, commented, "While China has been the world's largest producer of high-quality Shiitake mushrooms, Israel has been a major consumer going back to ancient times. In addition to the many potential benefits of including mushrooms (shveml in Yiddish) in a regular diet, mushrooms are kosher in their natural state once checked for bugs. There are numerous nutritional benefits to eating mushrooms, which are fat-free, low-sodium and cholesterol-free. Mushrooms are rich with fiber, vitamins and minerals, with the flexibility to be consumed dried or used in soups, stews, appetizers and countless other delicious, healthy dishes. This latest order, our fifth from the same customer this year, reflects the healthy demand we are seeing and the overall momentum in our business in key markets worldwide."
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/.
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 COVID-19 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.
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