Farmmi Inc Stock Price, News & Analysis

Farmmi, Inc. (NASDAQ: FAMI) has been awarded the municipal-level key agricultural leading enterprise designation by the government, along with a monetary award. This recognition was announced on January 6, 2022, emphasizing Farmmi's significant investment in the agriculture sector, which has aided local economies and created jobs. Chairwoman and CEO Yefang Zhang highlighted the company's integrated platform and resilience during COVID-19, expressing optimism for growth and diversification in the new year. Farmmi aims to enhance agricultural services and promote sustainable development in Lishui City.

Farmmi, Inc. (NASDAQ: FAMI), an agricultural products supplier in China, announced a new repeat order for dried mushroom slices from a long-term customer. This order will be exported to Southampton, England. Chairwoman and CEO Yefang Zhang emphasized the significance of this win in continuing the company's sales growth trajectory, attributed to enhanced investments in sales and marketing and strong supply chain relationships. The order exemplifies Farmmi's strategy to support customers across its product line, aiming to increase revenue per customer and strengthen long-term relationships.

Farmmi, Inc. (NASDAQ: FAMI) announced a repeat order for its dried Shiitake mushrooms from its subsidiary, Zhejiang Farmmi Biotechnology Co., Ltd., destined for export to Jordan. CEO Yefang Zhang emphasized ongoing sales momentum, crediting repeat orders to the product's quality and ability to meet inventory demands. The company is experiencing growth through existing customer expansion and new client engagements, projecting a sustained high sales rate into 2022 due to favorable market conditions.

Farmmi, Inc. (NASDAQ: FAMI), an agriculture products supplier in China, has received its annual Kosher certification in Israel for the seventh consecutive year. Additionally, both Zhejiang Farmmi Biotechnology Co., Ltd. and Zhejiang Farmmi Food Co., Ltd. were recognized as Sunshine Factories by the Zhejiang Provincial government, reflecting their advancements in intelligent food production and processing technologies. These certifications enhance Farmmi's market position and open up new revenue opportunities, particularly within the Kosher market, which caters to health-conscious consumers.

Farmmi, Inc. (NASDAQ: FAMI) announced that its subsidiary, Zhejiang Farmmi Biotechnology, secured a new order for dried Shiitake mushrooms, which will be exported to Dubai. Chairwoman and CEO Yefang Zhang highlighted the company's success in meeting increasing demand and executing their business strategy despite challenges. The company aims to unlock greater shareholder value while continuing its growth strategy and diversification efforts.

Farmmi, Inc. (NASDAQ: FAMI) announced a repeat order from a long-term customer for dried Shiitake mushrooms, which will be exported to Jordan. This highlights the company's strong supplier relationships and focus on agricultural products.

The Chairwoman and CEO, Yefang Zhang, noted significant progress in their Health and Wellness Business, including a landmark investment of approximately RMB 509 million (US$79.8 million), making them the second-largest shareholder of Shanghai Jiaoda Onlly Co., Ltd. This move marks Farmmi's entry into China's health industry, showcasing confidence in future revenue and profit growth.

Farmmi, Inc. (NASDAQ: FAMI) has been granted an additional 180-day compliance period by NASDAQ, allowing it until May 30, 2022, to meet the minimum bid price requirement of $1.00 per share. The company must maintain this bid price for at least ten consecutive business days to regain compliance. This extension is crucial for Farmmi as it continues to navigate challenges in the agriculture sector. The announcement highlights the importance of achieving compliance in order to avoid potential delisting from the NASDAQ.

Farmmi, Inc. (NASDAQ: FAMI), an agricultural products supplier, announced a new order for dried black fungus from its subsidiary, Zhejiang Farmmi Biotechnology Co., Ltd. The product will be exported to Vancouver, Canada. CEO Yefang Zhang emphasized the company's ongoing growth strategy and anticipated year-over-year growth for 2021, with even better performance expected in 2022 based on customer demand. Farmmi's product line includes Shiitake mushrooms and other agricultural goods, positioning the company for success in the North American market.

Farmmi, Inc. (NASDAQ: FAMI) is showcasing its product line at the 25th Food & Hospitality China (FHC) Shanghai Global Food Trade Show from November 9-11, 2021. The event is held at the Shanghai New International Expo Centre, attracting over 127,000 visitors and 2,500+ exhibitors globally. Chairwoman and CEO Yefang Zhang emphasized the importance of trade shows in their sales growth strategy, highlighting new products like a Fortuna gift box and new mushroom varieties. The theme of the show, 'Shaping the Future of Food', aligns with Farmmi's commitment to providing healthy agricultural products.