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), 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.
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.