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) delivers agricultural innovations through its global network, specializing in edible mushrooms and agtech solutions. This page provides investors with essential updates on corporate developments, operational milestones, and strategic initiatives.
Access real-time announcements including quarterly earnings, supply chain expansions, and international partnership updates. Our curated news collection enables efficient tracking of Farmmi's progress in key markets across Asia, North America, and Europe.
Discover verified information about warehouse infrastructure investments, product line updates, and distribution network enhancements. All content undergoes strict editorial review to ensure accuracy and relevance for financial decision-making.
Bookmark this page for streamlined access to Farmmi's latest regulatory filings, market positioning updates, and technology integration announcements. Stay informed about this agribusiness leader's evolving role in global food supply chains.
Farmmi, Inc. (FAMI) reported significant financial growth for the six months ending March 31, 2021. Total revenues surged by 31% to $17.79 million, driven by strong sales of Shiitake and Mu Er mushrooms. Gross profit rose 41.6% to $2.99 million, while net income reached $1.36 million, compared to a net loss the previous year. The company expects this sales momentum to continue into the second half of 2021, enhancing shareholder value and supporting long-term growth.
Farmmi, Inc. (NASDAQ: FAMI), a China-based agriculture products supplier, announced a new order for dried black fungus from its subsidiary, Zhejiang Forest Food Co., Ltd. The order is intended for export to Vancouver, Canada. Chairwoman and CEO Yefang Zhang highlighted ongoing customer engagement and focused on revenue growth and expansion. The global mushroom market is projected to reach US$86.6 billion by 2025, with a CAGR of 8.3% from 2020-2025, driven by health benefits and innovations in packaging.
Farmmi, Inc. (NASDAQ: FAMI) announced a strategic investment and cooperation agreement with Sigma Holding and Hangzhou Xuyue to establish a new urban distribution company. The initiative aims to tackle the challenges in the last mile delivery of fresh food and capitalize on the booming community group purchasing market in China, projected to exceed RMB 1 trillion by 2023. The new company will initially have a registered capital of RMB 20 million, with Farmmi contributing RMB 5 million, equating to 25%. This partnership strengthens Farmmi's position in the broader agricultural supply chain.
Farmmi, Inc. (NASDAQ: FAMI), a Chinese agricultural products supplier, has announced an expansion of its international market presence. Its subsidiary, Zhejiang Forest Food Co., Ltd., secured a multi-product export order to Israel, including dried Shiitake mushrooms and black fungus. CEO Yefang Zhang emphasized the company's growth strategy, capitalizing on the booming plant-based food sector, and cited advantages from its scale and logistics. Farmmi aims to leverage market fragmentation to enhance shareholder value as it continues to achieve new sales milestones globally.
Farmmi, Inc. (NASDAQ: FAMI) announced a Nasdaq compliance notification due to its ordinary shares trading below $1.00 for 30 consecutive business days. The Company has a compliance period until November 30, 2021, to regain compliance. If the share price reaches $1.00 for 10 consecutive business days within this period, Nasdaq will confirm compliance. FAMI may also be eligible for an additional 180-day grace period if compliance is not achieved by the deadline. The announcement emphasizes the ongoing trading of FAMI shares despite this notification.
Farmmi, Inc. (NASDAQ: FAMI) announced its subsidiary, Zhejiang Farmmi Food Co., Ltd., is attending the second China Edible Fungi Industry Expo from June 3-5, 2021, in Fuzhou, Fujian. Chairwoman and CEO Yefang Zhang emphasized the expo's importance for expanding sales and engaging with partners. The event will cover 16,000 square meters with nearly 300 enterprises participating and over 10,000 expected attendees. The Expo will showcase a wide range of edible fungi products and aims to enhance market integration within the industry.
Farmmi, Inc. (NASDAQ: FAMI) has announced a significant sales victory through its subsidiary, Zhejiang Forest Food Co., Ltd., receiving a multi-product order for dried Shiitake mushrooms and black fungus to be exported to Israel. The company attributes its growth to robust global demand and strong supplier relationships. Chairwoman and CEO Yefang Zhang emphasized Farmmi's competitive position in the market and its commitment to expanding its market share in high-quality agricultural products. This announcement underscores Farmmi's focus on international expansion amidst ongoing demand.
Farmmi, Inc. (NASDAQ: FAMI), a leading agricultural products supplier in China, showcased its expanded product line at the 2021 SIAL China, Asia's largest food innovation exhibition held in Shanghai from May 18-22, 2021. The event allowed the company to connect with potential partners and enhance its brand visibility. CEO Yefang Zhang reported positive momentum in sales and growing interest in Farmmi's comprehensive service strategy. This participation highlights Farmmi's commitment to growth and innovation within the agriculture sector.
Farmmi, Inc. (NASDAQ: FAMI) announced the establishment of Zhejiang Farmmi Agricultural Supply Chain Co., Ltd. to improve its position in China's agricultural sector. The company aims to address inefficiencies in the industry, such as transportation delays and demand prediction issues, while expanding its logistics network. With a digital penetration rate of only 8% in agriculture compared to 36% in other industries, Farmmi sees opportunities in digitization and e-commerce growth. The strategy includes investing in local storage facilities to enhance supply chain capabilities.
Farmmi, Inc. (NASDAQ: FAMI), a supplier of agricultural products in China, has secured a multi-product order for dried Shiitake mushrooms and black fungus to be exported to Israel. This highlights the growing global demand for mushrooms. CEO Yefang Zhang emphasized the company's competitive advantage from investments in supply chain and logistics, which enhance their sourcing of high-quality mushrooms. Farmmi aims to capture an increased market share as mushrooms gain popularity for their nutritional benefits, positioning the company well for future growth.
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