Farmmi Inc Stock Price, News & Analysis

Farmmi, Inc. (NASDAQ: FAMI) has successfully completed an underwritten public offering, generating approximately $81 million in gross proceeds. The offering included 368,261,717 ordinary shares and pre-funded warrants priced at $0.22 per share. The funds will be utilized for general corporate purposes, working capital, and capital expenditures. Aegis Capital Corp. served as the sole book-running manager for the transaction, which was conducted under an effective shelf registration statement filed with the SEC.

Farmmi, Inc. (NASDAQ: FAMI) has announced the pricing of an underwritten public offering of ordinary shares and pre-funded warrants, expecting gross proceeds of approximately $81 million. The Offering involves 368,261,717 shares priced at $0.22 each. The funds will be utilized for general corporate needs and capital expenditures. Closing is anticipated on September 15, 2021, contingent upon customary conditions. Aegis Capital Corp. is the sole book-running manager for the offering, which is governed by an effective shelf registration statement with the SEC.

Farmmi, Inc. (NASDAQ: FAMI) announced a proposed underwritten public offering of ordinary shares and pre-funded warrants to purchase ordinary shares. The pre-funded warrants will be offered at the same price as the ordinary shares, minus a $0.001 exercise price. The net proceeds are intended for general corporate needs and capital expenditures. The offering is subject to market conditions, and completion time, size, and terms are uncertain. Aegis Capital Corp. is managing the offering, which is made under a previously declared effective registration statement.

Farmmi, Inc. (NASDAQ: FAMI), based in Lishui, China, announced a new product order for its dried Shiitake mushrooms through its subsidiary, Zhejiang Forest Food Co., Ltd. The order targets export to Southwest Asia, reflecting the company's strong relationships with long-term customers and established distribution networks. Chairwoman and CEO Yefang Zhang highlighted the increasing demand for their high-quality agricultural products, citing nutritional benefits and low water requirements of mushrooms as significant factors contributing to their appeal in the market.

Farmmi, Inc. (NASDAQ: FAMI), an agricultural products supplier in China, announced a new product order from its subsidiary, Zhejiang Farmmi Biotechnology Co., Ltd., for dried whole Shiitake mushrooms destined for export to Lebanon. This order reflects the company's strategy to tap into developing markets and respond to increasing consumer demand for nutrient-rich products and meatless options. Chairwoman and CEO Yefang Zhang highlighted the opportunity for product shipment expansion.

Farmmi, Inc. (NASDAQ: FAMI) announced a new multi-product order from a long-term customer for its dried whole and sliced mushrooms, set for export to Vancouver, Canada. This order signifies growth in sales and profitability, driven by rising global demand for Farmmi's products. Chairwoman and CEO Yefang Zhang emphasized the company's focus on innovation and enhancing customer relationships to boost growth further.

The company is positioned for expansion, indicating optimism for 2021 and beyond.

Farmmi, Inc. (NASDAQ: FAMI) announced a new sales order for dried Shiitake mushrooms through its subsidiary Zhejiang Farmmi Biotechnology Co., Ltd. The client is a Canadian trading company focused on Asian food products. This order reflects Farmmi's ongoing international expansion strategy and growing demand for nutritious options. Chairwoman Yefang Zhang highlighted the company's competitive position, reinforced by strong supply chain relationships and efficient logistics, ensuring product freshness and quality. This marks a significant milestone in Farmmi's strategy to penetrate North American markets.

Farmmi, Inc. (NASDAQ: FAMI) announced that its subsidiary, Zhejiang Forest Food Co., Ltd., received a multi-product order for dried mushrooms and black fungus from a long-term customer for export to the United States. CEO Yefang Zhang emphasized the company's commitment to high-quality products and expressed optimism about future growth due to investments in manufacturing and logistics. The company believes it is at an inflection point benefiting from increased scale and strong global demand, especially in culinary and traditional medicinal uses.

Farmmi, Inc. (NASDAQ: FAMI) announced a significant sales win through its subsidiary, Zhejiang Forest Food Co., Ltd., securing a multi-product order for export to Israel. The order includes dried whole and sliced Shiitake mushrooms, as well as dried black fungus. Chairwoman and CEO Yefang Zhang highlighted the company's readiness for growth after a challenging period, citing increased demand in China and worldwide, alongside ongoing capacity expansion plans. Farmmi aims for accelerated revenue and profit growth, leveraging its competitive advantages as a large-scale manufacturer.