Welcome to our dedicated page for Farmmi news (Ticker: FAMI), a resource for investors and traders seeking the latest updates and insights on Farmmi stock.
Farmmi, Inc. (NASDAQ: FAMI) is a China‑based agricultural products supplier and logistics service provider with a focus on edible mushrooms, other agricultural products and related supply chain services. This news page aggregates company announcements, press releases and market updates so readers can track how Farmmi’s agricultural and logistics businesses evolve over time.
In its public communications, Farmmi highlights several themes that frequently appear in its news flow. These include developments in its edible fungi and agricultural product operations, such as descriptions of its role as a supplier, processor and retailer of shiitake, Mu Er and other agricultural goods. The company also reports on the expansion of its warehousing and logistics footprint, particularly in North America, where subsidiaries like Farmmi USA Inc. and Suppchains Group Inc. operate logistics bases and FDA‑registered facilities.
Visitors to this page can expect updates on new warehouse openings and leases, such as facilities in Los Angeles and New Jersey, as well as announcements about strategic cooperation agreements in warehousing and logistics services. Farmmi’s news releases also cover regulatory milestones like Nasdaq listing compliance, share consolidations and capital raising transactions disclosed through press statements and SEC filings.
Because Farmmi positions itself as both an agricultural products supplier and a distribution logistics services provider, its news often combines information about product supply, international distribution channels, cross‑border e‑commerce initiatives and logistics capabilities. Investors, analysts and other interested readers can use this page to follow Farmmi’s operational milestones, geographic expansion in logistics, regulatory disclosures and financing activities as reported by the company.
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.
Farmmi, Inc. (NASDAQ: FAMI) announced a new multi-product order from its subsidiary, Zhejiang Farmmi Biotechnology Co., Ltd., for dried black fungus and whole dried mushrooms, which will be exported to Vancouver, Canada. Chairwoman and CEO Yefang Zhang expressed optimism about growth in international markets, including Canada, the U.S., and Europe, highlighting factors such as improving supply chains and ongoing efficiency initiatives. The company's focus on demand from health-conscious consumers positions it for potential revenue and profit growth.
Farmmi, Inc. (NASDAQ: FAMI) has announced an agreement to acquire approximately 16% of Shanghai Jiaoda Onlly Co., Ltd. for about RMB 509 million (approximately US$79.8 million). This investment marks Farmmi's entry into the health sector, as Jiaoda Onlly is a significant player in elderly care and health food production in China. Following the acquisition, Farmmi's subsidiary, Yitang Medical, will be the second largest shareholder of Jiaoda Onlly, which generated RMB 333 million in revenue in 2020. The move aims to leverage growth opportunities in the expanding healthcare market driven by an aging population.
Farmmi, Inc. (NASDAQ: FAMI) will hold an extraordinary general meeting on December 20, 2021, at 10:00 A.M. local time. Shareholders as of November 12, 2021, at 5:30 PM ET, are eligible to vote. The Board proposes increasing the Company's authorized share capital and restructuring its Memorandum and Articles. Additionally, a staggered Board will be implemented, dividing directors into three classes with annual elections. Established in 1998, Farmmi specializes in agricultural products, particularly mushrooms, from its base in Lishui, China.
Farmmi, Inc. (NASDAQ: FAMI) recently showcased its diverse product line at a major agricultural conference held from October 23-25, 2021, in Lishui, China. The event provided a platform for the company to engage with customers and partners, highlighting its expanded business strategies and growth opportunities. Chairwoman and CEO Yefang Zhang noted the strong interest in Farmmi's offerings, including edible fungi products and new innovations like instant edible fungi. The company's robust branding and market position are seen as scalable advantages for revenue growth.
Farmmi, Inc. (NASDAQ: FAMI), an agricultural products supplier in China, announced an expansion of its North American sales through a new order for dried Shiitake mushrooms from a Canadian trading company. This order highlights Farmmi's focus on diversifying its geographic reach and building relationships with larger international customers. CEO Yefang Zhang expressed optimism about the long-term growth potential driven by increasing global mushroom consumption as part of a healthy diet.
Farmmi, Inc. (NASDAQ: FAMI) announced that its subsidiary, Zhejiang Farmmi Biotechnology Co., Ltd., has received certifications for compliance with the BRC Global Standard for Food Safety and the HACCP system. These certifications validate the company's commitment to food safety and enhance its credibility among international buyers. Chairwoman Yefang Zhang highlighted the importance of compliance in business operations following a thorough audit, which assessed the company's safety management and product oversight.