Farmmi Inc Stock Price, News & Analysis

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.

Farmmi, Inc. (NASDAQ: FAMI) announced a significant multi-product order from a Japanese customer, highlighting continued growth in its business. This order includes sliced black fungus and Tea Tree mushrooms, which are popular for their culinary uses. Yefang Zhang, Chairwoman and CEO, expressed optimism about the company's growth strategy and the ongoing demand for sophisticated ingredients as consumer cooking habits change due to COVID-19. Farmmi aims to capitalize on this trend into 2021, reinforcing its position as a leading supplier of agricultural products.

Farmmi, Inc. (NASDAQ: FAMI) announced that its subsidiary, Zhejiang Forest Food, attained a remarkable 99.5% score on a Workplace Conditions Assessment (WCA) audit. Conducted by ELEVATE Global Limited, the assessment evaluated management procedures, safety, environmental measures, and employee welfare. Chairwoman Yefang Zhang emphasized that this achievement enhances credibility with partners and customers, reflecting the company's commitment to social responsibility. The WCA certification is recognized by multinational companies as a benchmark for supply chain management.

Farmmi, Inc. (NASDAQ: FAMI) announced a significant follow-on order from its subsidiary, Zhejiang Forest Food Co., Ltd., for dried Shiitake mushrooms to be exported to Israel. This order is larger than previous ones and reflects the company's aggressive sales expansion strategy. CEO Yefang Zhang noted the positive impact of increased scale and distribution, expecting accelerated shipment growth as the agricultural industry stabilizes. Farmmi aims to enhance its global market share and leverage its market power through this growth strategy.

Farmmi, Inc. (NASDAQ: FAMI), a leading supplier of agricultural products in China, participated in the Shanghai International Health, Wellness and Fitness Expo from November 25-27, 2020. The Expo, covering 54,000 square meters, hosted 452 brands and attracted over 43,000 buyers. Chairwoman and CEO Yefang Zhang highlighted the event as an opportunity to reconnect with customers and promote their range of edible fungi, which are increasingly popular as health-conscious diets evolve. Farmmi aims to leverage growth in both domestic and international markets through strategic partnerships.

Farmmi, Inc. (NASDAQ: FAMI) announced its continued expansion of international sales with a new multi-product export order to Israel, particularly for dried whole and sliced Shiitake mushrooms. Chairwoman and CEO Yefang Zhang highlighted the company's focus on long-term objectives and the momentum gained despite market volatility. The company aims to enhance customer reach, increase business volume, and continue growth through the fourth quarter and beyond.