U.S. markets open in 37 minutes

  • S&P Futures

    4,257.00
    +2.25 (+0.05%)
     

  • Dow Futures

    34,393.00
    +12.00 (+0.03%)
     

  • Nasdaq Futures

    14,122.00
    -2.75 (-0.02%)
     

  • Russell 2000 Futures

    2,326.00
    +2.40 (+0.10%)
     

  • Crude Oil

    71.63
    +0.75 (+1.06%)
     

  • Gold

    1,867.90
    +2.00 (+0.11%)
     

  • Silver

    27.76
    -0.27 (-0.98%)
     

  • EUR/USD

    1.2109
    -0.0013 (-0.11%)
     

  • 10-Yr Bond

    1.5010
    0.0000 (0.00%)
     

  • Vix

    16.59
    +0.94 (+6.01%)
     

  • GBP/USD

    1.4063
    -0.0045 (-0.32%)
     

  • USD/JPY

    110.1000
    +0.0390 (+0.04%)
     

  • BTC-USD

    40,296.93
    +840.72 (+2.13%)
     

  • CMC Crypto 200

    1,009.49
    +40.64 (+4.20%)
     

  • FTSE 100

    7,184.92
    +38.24 (+0.54%)
     

  • Nikkei 225

    29,441.30
    +279.50 (+0.96%)
     

Farmmi Continues International Expansion with Latest Win

  • Oops!
    Something went wrong.
    Please try again later.
·2 min read
  • Oops!
    Something went wrong.
    Please try again later.

LISHUI, China, June 15, 2021 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agriculture products supplier in China, today announced a further expansion of its international footprint. The Company's Zhejiang Forest Food Co., Ltd. subsidiary won another follow-up, multi-product order for export to Israel. This latest sales win is for dried whole and sliced Shiitake mushrooms, and dried black fungus.

Logo (PRNewsfoto/Farmmi, Inc.)
Logo (PRNewsfoto/Farmmi, Inc.)

Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, commented, "We are on path for sustained growth as we deliver a steady cadence of new sales wins worldwide. We are benefitting from the rapid growth of the plant-based food market by leveraging our scale, market leadership and best-in-class field to table logistics. Farmmi is seizing on the highly fragmented market and supplier friction. We are winning because our network effect gives us a powerful advantage, which we believe will help us create meaningful shareholder value."

About Farmmi, Inc.

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. 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 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.

Cision
Cision

View original content to download multimedia:http://www.prnewswire.com/news-releases/farmmi-continues-international-expansion-with-latest-win-301312318.html

SOURCE Farmmi, Inc.

Recommended Stories

  • Strategists still don't think inflation is a problem for stocks

    Readers already know: Inflation is running hot.

  • Fed Poised to Crawl Onto ‘Knife Edge’ to Rein In Record Largesse

    (Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.The Federal Reserve is inching toward the start of a long road to normalizing its relationship with the rest of Washington and Wall Street.After spending the past 15 months providing unprecedented help to the federal government and investors via trillions of dollars of bond purchases, it could start preliminary discussions about scaling back that support at a pivotal two-day policy meet

  • World’s Most Hawkish Central Banker Is Losing Inflation War

    (Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.No central banker in the world is taking on inflation this year like Roberto Campos Neto.In March, the head of Brazil’s central bank shocked traders in Sao Paulo with a bigger-than-expected interest rate hike -- 75 basis points. It was a classic central banking gambit, executed by the grandson of one of Brazil’s pre-eminent economic minds: Unleash a great show of force from the outset t

  • Germany's Lufthansa plots course for leaner post-pandemic future

    BERLIN (Reuters) -Germany's Lufthansa moved closer to a capital increase, outlining plans for a post-pandemic return to profit as a leaner airline with a smaller fleet and fewer staff. Lufthansa was pushed to the brink by the coronavirus pandemic in 2020, when travel restrictions led to a collapse in air travel, forcing it to take 9 billion euros ($11 billion) in aid from Germany and its other home countries. Recovery plans also include some disposals.

  • US STOCKS-S&P 500, Nasdaq hit record closing peaks on eve of Fed meeting

    The S&P 500 and Nasdaq eked out record high finishes on Monday, despite most traders being focused on this week's Federal Reserve meeting and not on adding to existing positions. Investors are seeking new cues from the central bank on its inflation outlook, after recent data indicated the U.S. economy is regaining momentum but not overheating.

  • JPMorgan stockpiling cash, waiting for interest rates to rise -CEO

    NEW YORK (Reuters) -JPMorgan Chase & Co Chief Executive Jamie Dimon said on Monday the bank is holding around $500 billion in cash, putting it in a position to benefit from higher interest rates. "We've actually been effectively stockpiling more and more cash, waiting for opportunities to invest at higher rates," Dimon said during a virtual conference held by Morgan Stanley. "So our balance sheet is positioned (to) benefit from rising rates."

  • Why the LME Backtracked on Closing Trading Floor

    Jun.14 -- London Metal Exchange CEO Matthew Chamberlain discusses the outlook for commodities and explains the LME's decision to re-open its open-outcry trading floor in September on “Bloomberg Markets.”

  • MicroStrategy to Sell Up to $1B in Stock, Use Part of Proceeds to Buy Yet More Bitcoin

    CEO Michael Saylor is intent on adding to the company's bitcoin holdings.

  • Gold Price Prediction – Prices Slide but Settle off the Session Lows

    U.S. Yields rose

  • China’s Xiong’an New Area Begins Using Digital Yuan for Salary Payments

    The country is testing the currency in different pilots.

  • AMC jumps more than 18%, other 'meme stocks' mixed

    The company said in a filing last week that over 80% of its shares were held by retail investors. Rallies in AMC and video game retailer GameStop, as well as a fresh crop of so-called meme stocks - companies popular with retail investors congregating on forums such as Reddit’s WallStreetBets - have breathed fresh life into a frenzy that first garnered widespread attention in January, when an unwind of bearish bets helped send GameStop’s shares up more than 1,600% that month. Billionaire investor Paul Tudor Jones of Tudor Investment Corp told CNBC on Monday that the “craziest mix of fiscal and monetary policy” has helped fuel the blistering rallies in some meme stocks as well as other assets, such as special purpose acquisition companies, or SPACs.

  • Bitcoin ‘Options Smile’ Shows Market Fearful of Downside Despite Tesla News

    Bitcoin option's smile shows persistent fears of deeper drop and low expectations for a quick rally.

  • Leaked records of billionaires' miniscule taxes rekindle debate on tax policy, wealth gap

    ProPublica published details of the leaked tax returns of 25 of the wealthiest Americans, showing that most payed little to nothing in income tax.

  • Ferrari’s Electric Vehicle Push to Weigh on Shares, Goldman Says

    (Bloomberg) -- Ferrari NV’s plan to go green could be costly for investors in the short term, according to Goldman Sachs Inc.The broker flipped its recommendation on the supercar maker to sell from buy Monday, citing the firm’s efforts to launch a battery-powered vehicle by 2025, alongside weaker volume expectations for existing models.“While we would view any Ferrari push to be at the forefront of evolving technologies positively in the long-term, for investors today, the transition brings unce

  • Paul Tudor Jones Could Go ‘All In’ on Inflation Trades, Wants 5% Bitcoin Allocation

    Jones sees BTC as a great way to protect wealth over the long run.

  • Electric-truck maker Lordstown's CEO, CFO resign, shares slump (June 14)

    (Reuters) -Lordstown Motors Corp on Monday announced the sudden departure of its chief executive and finance head, just days after the electric truck maker warned that it may not have enough money to stay in business over the next year, sending shares down more than 20%. The resignations of founder and Chief Executive Steve Burns and Chief Financial Officer Julio Rodriguez come as the company's board reported conclusions from an internal investigation into claims made by short-seller Hindenburg. Burns is Lordstown's largest shareholder with a stake of more than 26%, according to Refinitiv data.

  • Lumber is showing us the future: Morning Brief

    Top news and what to watch in the markets on Tuesday, June 15, 2021.

  • Gas Is So Scarce in Europe That Coal Is Making a Comeback

    (Bloomberg) -- Europe is so short of natural gas that the continent -- usually seen as the poster child for the global fight against emissions -- is turning to coal to meet electricity demand that is now back to pre-pandemic levels.Coal usage in the continent jumped 10% to 15% this year after a colder- and longer-than-usual winter left gas storage sites depleted, said Andy Sommer, team leader of fundamental analysis and modeling at Swiss trader Axpo Solutions AG. As economies reopen and people g

  • Development bank backs El Salvador bitcoin law; says debt still in dollars

    SAN SALVADOR (Reuters) -The head of the Central American Bank for Economic Integration (CABEI) said on Monday the bank will give El Salvador technical assistance to implement bitcoin as legal tender, even though it still issues debt only in dollars. El Salvador last week became the first country to pass a law making the cryptocurrency legal tender, sparking praise for the bold move in the small economy as well as concern over its discussions for a deal with the International Monetary Fund. CABEI's executive president, Dante Mossi, said the move would offer Salvadorans many opportunities, including lowering the cost for relatives abroad to send remittances.

  • Deutsche Bank Set to Reap $1 Billion on Trader’s Freight Bet

    (Bloomberg) -- Mark Spehn couldn’t join billionaire Idan Ofer at his seaside villa north of Tel Aviv for a June 8 party to mark the initial public offering of Zim Integrated Shipping Services Ltd. But the 35-year-old Deutsche Bank AG trader still had much to celebrate from his desk in London.Spehn’s long-shot bet on the once-distressed Israeli shipping company has put the German lender on track for one of its biggest wins since its “Big Short” trades against U.S. subprime securities more than a