Farmmi Inc - FAMI STOCK NEWS

Farmmi Inc (Nasdaq: FAMI) announced the opening of its new 49,800 square feet warehouse in Somerset, New Jersey on March 27, 2025. The facility, operated by Farmmi USA Inc, represents a strategic expansion of the company's logistics operations on the U.S. East Coast.

The new logistics hub aims to enhance warehousing capabilities, streamline operations, and reduce shipping costs for customer orders in the Eastern U.S., while shortening delivery times. According to CEO Yefang Zhang, this expansion strengthens Farmmi's market competitiveness and operational efficiency in line with their long-term strategic goals.

Farmmi (NASDAQ: FAMI) has announced a significant expansion of its U.S. operations with a new warehouse in Somerset, New Jersey. This strategic move extends the company's presence from the West Coast to the East Coast market. Farmmi USA Inc., the company's U.S. subsidiary, has secured a lease agreement for a facility at 1100 Randolph Road, situated within a multi-tenant industrial park.

The expansion aims to enhance warehousing capabilities, optimize logistics operations, and reduce delivery times for East Coast customers. CEO Yefang Zhang emphasized the company's commitment to optimizing their distribution network and providing high-quality agricultural products to their growing customer base.

Farmmi (NASDAQ: FAMI) has announced a 1-for-12 share consolidation, effective March 17, 2025, aimed at regaining compliance with Nasdaq's minimum bid price requirement. The consolidation, approved by shareholders on February 25, 2025, will reduce outstanding shares from 15,007,123 to approximately 1,250,500.

The company's shares will continue trading under the symbol 'FAMI' but with a new CUSIP Number G33277149. No fractional shares will be issued, with any fractional shares being redeemed by the company at the closing price on March 17, 2025. The authorized shares will be reduced from 500,000,000 to 41,666,667, while the company is authorized to issue 5,000,000,000 ordinary shares at $2.40 par value each.

Farmmi announced that its subsidiary, Farmmi USA, has entered into a strategic cooperation agreement with Mazon Technology for warehousing and logistics services. The partnership could potentially generate $10 million in annual orders for Farmmi USA. This development follows the launch of Farmmi's warehousing logistics base in California in August 2024. The services include one-piece delivery, shipping container warehousing, and customs clearance agency services. The company views this as a significant step in expanding its warehousing and logistics business operations.

Farmmi (NASDAQ: FAMI), a Chinese agriculture products supplier, has received a 180-day extension from NASDAQ to meet the minimum bid price requirement. The extension, granted on October 22, 2024, gives the company until April 21, 2025 to achieve compliance. To comply, Farmmi's ordinary shares must maintain a closing bid price of at least $1.00 for a minimum of ten consecutive business days.

Farmmi (Nasdaq: FAMI), a Chinese agriculture products supplier, has announced a $1.0 million registered direct offering of 3,433,167 ordinary shares. The company will also issue Series A warrants to purchase up to 3,433,167 ordinary shares in a concurrent private placement. The combined effective offering price is $0.30 per ordinary share and accompanying warrant. The Series A warrants are immediately exercisable, expire in five years, and have an initial exercise price of $0.75 per share, subject to adjustments. Maxim Group is acting as the sole placement agent. The offering is expected to close around August 26, 2024, subject to customary closing conditions. The ordinary shares are being offered under a shelf registration statement, while the warrants are offered in a private placement under Section 4(a)(2) of the Securities Act of 1933.

Farmmi Inc (NASDAQ: FAMI), a Chinese agriculture products supplier, has announced the successful opening of its new warehouse and distribution center in Los Angeles, California on August 12, 2024. The center received warehousing orders for 28 shipping containers on its first day of operations, exceeding management's expectations. This launch marks a significant step in Farmmi's international expansion strategy and organic growth efforts.

The company acquired the right to use a large storage facility in Los Angeles in July 2024 and spent nearly a month preparing for the trial operations. With over 20 years of experience in the Chinese agricultural products industry, Farmmi aims to leverage its stable international customer base and operational expertise to accelerate its development in North America.

Farmmi, Inc. (NASDAQ: FAMI), a Chinese agriculture products supplier, has announced a significant expansion of its North American operations. The company's subsidiary, FARMMI USA INC., has signed a sublease agreement for a large distribution and storage center in the Los Angeles area, California. The facility, managed by Ryder Truck Rental inc., spans 636,000 square feet, with 315,000 square feet of warehouse space and includes a dedicated rail line for sea-rail intermodal transportation.

This move marks a major step in Farmmi's global expansion strategy and is expected to enhance the company's international cooperation capabilities. CEO Yefang Zhang emphasized that this development represents a breakthrough towards Farmmi's globalization goals and is aimed at creating greater value for shareholders.

Farmmi, a China-based agricultural products supplier, announced that its subsidiary, Zhejiang Farmmi Food Co., , has received the 'Agricultural Products Sales King' award from the Lishui municipal authority. Recognized through a rigorous selection process involving onsite visits and evaluations, this award underscores Farmmi's commitment to accelerating sales growth. CEO Yefang Zhang highlighted the company's strategic investments in infrastructure, supply chain partnerships, and warehousing systems, which are key to their success. Despite past challenges from COVID-19 and supply chain issues, Farmmi has emerged stronger, focusing on expanding its core agricultural business and exploring new growth opportunities. The company aims to play a leading role in Lishui's agriculture market by providing professional and standardized services and promoting high-quality green development in rural areas.