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) has announced the shipment of a follow-on order for dried mushrooms and black fungus to a long-term customer in Jordan. Chairwoman and CEO Yefang Zhang highlighted the company's growing momentum, driven by changes in the sales force and targeted growth strategies implemented in 2019 and 2020. The company anticipates further acceleration in growth throughout 2021 as it scales its sales force and enhances customer interactions.
Farmmi, Inc. (NASDAQ: FAMI) announced a new export order for dried mushrooms from a long-term customer, targeting the Dubai market. Chairwoman and CEO Yefang Zhang highlighted the company's continuous expansion driven by a diverse customer base and a strong presence in both domestic and international markets, including Japan and North America. The company emphasizes health-conscious trends benefiting its sales initiatives developed in 2020, aiming to further penetrate global markets.
Farmmi, Inc. (NASDAQ: FAMI) reported a fiscal year 2020 net income of $0.82 million, or $0.05 per share, compared to a net loss of $0.31 million, or $0.03 per share in the previous year. Despite a revenue decline of 2.19%, totaling $30.17 million, the company managed to grow its customer base, with one customer now accounting for over 10% of total revenue. Key product revenue highlights included a 5.51% increase in Mu Er sales while Shiitake sales decreased by 6.77%. Farmmi aims for future growth by diversifying its customer base and expanding international sales.
Farmmi, Inc. (NASDAQ: FAMI), an agricultural products supplier in China, is expanding its international sales with a new multi-product order of dried Shiitake mushrooms to Israel through its subsidiary, Zhejiang Forest Food Co., Ltd. CEO Yefang Zhang emphasized the importance of this order in diversifying their sales base and increasing their global presence. The Company continues to focus on leveraging its product line and marketing efforts to build momentum throughout the year.
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Farmmi, Inc. (NASDAQ: FAMI) has announced the launch of its Chinese New Year mushroom gift boxes via its subsidiary, Zhejiang Forest Food Co., Ltd. The company has begun receiving orders, including a significant one from a long-term customer operating over 100 retail stores in China and Canada. Farmmi's Chairwoman, Yefang Zhang, emphasized that the gift boxes, designed to symbolize health and prosperity, have received a positive customer response, with expectations for additional orders leading up to the holiday period.
Farmmi, Inc. (NASDAQ: FAMI), an agricultural products supplier based in China, announced on January 11, 2021, that it has regained compliance with NASDAQ's minimum bid price requirement under Listing Rule 5550(a)(2). NASDAQ confirmed that this matter is now closed, allowing the company to continue its trading on the exchange. Farmmi specializes in the supply, processing, and retail of Shiitake mushrooms and other agricultural products. The company is committed to following regulations and maintaining its listing status.
Farmmi, Inc. (NASDAQ: FAMI) announced a follow-on order for dry mushrooms from Zhejiang Forest Food Co., Ltd., a key subsidiary. This order comes from a multi-channel customer operating over 100 retail stores in China and Canada. Chairwoman and CEO Yefang Zhang expressed optimism for 2021, citing previous achievements in partnerships and innovation that enhance growth prospects. The company emphasizes its commitment to meeting the rising demand for quality agricultural products, particularly in the context of increased wellness trends driven by the pandemic.
Farmmi, Inc. (NASDAQ: FAMI) has received the Ecological High-Quality Agricultural Product designation for its Lishui Shangeng branded black fungus and dried mushrooms from the Lishui Municipal Government. This recognition underscores product excellence and aligns with the company's commitment to quality. Chairwoman Yefang Zhang expressed optimism for 2021, citing growth in demand for healthier food options and competitive advantages through investments in automation and logistics. Farmmi aims to foster a robust supply chain, which may lead to poverty alleviation and rural revitalization while strengthening its brand presence.
Farmmi, Inc. (NASDAQ: FAMI), an agriculture products supplier, announced a significant sales win through its subsidiary, Zhejiang Forest Food Co., Ltd. The company secured a multi-product order from a Chinese multi-channel customer, which operates over 100 retail stores in China and Canada. The order includes high-end shiitake mushrooms, specifically flower mushrooms and donko shiitake. CEO Yefang Zhang highlighted continued sales growth, driven by a consumer shift towards healthier, less processed foods, partly influenced by COVID-19, which has increased demand for quality ingredients.