Farmmi, Inc. Announces Expansion into the U.S. East Coast Market with New Warehouse in New Jersey

Rhea-AI Summary

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.

Positive

• Geographic expansion into East Coast market strengthens U.S. presence
• Enhanced logistics capabilities and reduced delivery times
• Improved operational efficiency through expanded warehouse network

Negative

• None.

LISHUI, China, March 24, 2025 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI) today announced that the Company has expanded its U.S. logistics and warehousing operations to the East Coast market. This significant milestone marks the Company's business expansion from the West Coast to the East Coast, now covering a substantial portion of the U.S. market and laying a solid foundation for further expansion in the future.

Farmmi's U.S. subsidiary, Farmmi USA Inc., has signed a lease agreement for a new warehouse located at 1100 Randolph Road, Somerset, New Jersey. The warehouse is part of a multi-tenant industrial park, and this expansion will significantly enhance the Company's warehousing capabilities, optimize logistics operations, and shorten delivery times for customers in the East Coast region.

Ms. Yefang Zhang, CEO of the Company, stated, "As an agricultural products supplier and distribution logistics services provider, the company is committed to optimizing our distribution network and providing high-quality products to our growing customer base. The establishment of the New Jersey warehouse further strengthens Farmmi's competitiveness in the U.S. market, enhances operational efficiency, and advances our long-term strategic objectives."

About Farmmi Inc.

Founded in 1998, Farmmi, Inc. (NASDAQ: FAMI) is an agricultural product supplier specializing in the processing, sales, and retail of edible fungi, including shiitake mushrooms and black fungus, as well as other agricultural products. The Company supplies high-quality agricultural products to global markets through both online and offline channels. For more information, please visit Farmmi's official website.

Forward-Looking Statements

Nothing in this press release should be construed as an offer to buy or sell any securities. Such offers may 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 the Company's future growth prospects constitute forward-looking statements intended to comply with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve various risks and uncertainties that may cause actual results to differ materially from those described in the statements. These risks and uncertainties include, but are not limited to, the Company's ability to secure financing under specific terms, order fulfillment, profit fluctuations, exchange rate fluctuations, the Company's ability to manage growth, the success of business expansion and asset acquisitions in China, the ability to attract and retain professional talent, customer concentration, industry segment concentration, and overall economic conditions affecting the industry. Additional risks that may affect the Company's future operational performance are detailed in the Company's filings with the U.S. Securities and Exchange Commission (SEC), which can be accessed at www.sec.gov. Farmmi may from time to time issue additional forward-looking statements in written or oral form, including in documents filed with the SEC and reports to shareholders. Furthermore, please note that any forward-looking statements in this press release are based on assumptions that the Company believes to be reasonable as of the date of publication. Unless required by law, the Company does not undertake any obligation to update or revise its forward-looking statements.

For more information, please contact:

Farmmi, Inc.
Investor Relations
Tel: +86-0578-82612876
ir@farmmi.com 

 

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SOURCE Farmmi, Inc.

FAQ

Where is Farmmi's new East Coast warehouse located?

Farmmi's new East Coast warehouse is located at 1100 Randolph Road, Somerset, New Jersey.

What are the main benefits of FAMI's East Coast expansion?

The expansion enhances warehousing capabilities, optimizes logistics operations, and reduces delivery times for East Coast customers.

How will the New Jersey warehouse impact FAMI's U.S. market coverage?

The warehouse expands Farmmi's presence from West Coast to East Coast, covering a substantial portion of the U.S. market.

What is the strategic significance of FAMI's East Coast expansion?

It strengthens Farmmi's U.S. market competitiveness, enhances operational efficiency, and advances long-term strategic objectives.