Farmmi Inc Stock Price, News & Analysis

Farmmi, Inc. (NASDAQ: FAMI) announced that its Chairwoman and CEO, Yefang Zhang, was elected Vice President of the Shiitake Branch of the China Edible Fungi Association on November 4, 2020. This non-profit organization promotes research and education in the edible fungi sector. Yefang Zhang emphasized the alignment of Farmmi's business philosophy with the Association's goals, aiming to enhance the edible fungi industry through advocacy and innovation.

Farmmi, Inc. (NASDAQ: FAMI), an agricultural products supplier in China, participated in an industry leaders meeting hosted by the Modern Agricultural Association of Zhejiang Province. The meeting, focused on enhancing production and marketing of agricultural products, brought together over 50 enterprises to discuss innovative marketing strategies. Chairwoman and CEO Yefang Zhang emphasized the importance of quality control and branding in meeting evolving consumer demands. The company aims to strengthen long-term relationships with distributors and enhance its market presence.

Farmmi, Inc. (NASDAQ: FAMI), a supplier of agricultural products, announced a significant new sales order through its subsidiary Zhejiang Forest Food Co., Ltd. The order consists of dried Shiitake mushrooms and is from a Canadian trading company specializing in Asian food products. This marks a step in Farmmi's international expansion strategy. CEO Yefang Zhang highlighted the company's efforts to enhance growth by collaborating with leading distributors, aiming to increase market reach and minimize investment.

Farmmi, Inc. (NASDAQ: FAMI) announced a new sales order through its subsidiary, Zhejiang Forest Food Co., Ltd., affirming its growth in high-quality dried mushrooms. This order comes from a domestic Chinese company specializing in processing and exporting various oriental foods to over 50 countries. CEO Yefang Zhang highlighted the order as a testament to ongoing sales growth and the company’s commitment to quality and customer satisfaction. Farmmi, based in Lishui, Zhejiang, continues to bolster its position as an important player in the agricultural products market.

Farmmi, Inc. (NASDAQ: FAMI) has been granted a 180-day extension by NASDAQ to comply with the minimum bid price requirement, now effective until April 13, 2021. The company must achieve a closing bid price of $1.00 or higher for at least ten consecutive business days to regain compliance. Farmmi is a leading supplier of agricultural products in China, specializing in Shiitake mushrooms and other edible fungi. The company operates the Farmmi Liangpin Market, connecting consumers to local agricultural products.

Farmmi, Inc. (NASDAQ: FAMI), an agricultural products supplier based in China, announced a follow-on customer order from a trading company for dried mushrooms and black fungus to be exported to Canada. This order is significant as it highlights the demand for healthier food options and farm-to-table practices. CEO Yefang Zhang emphasized the company's strategy to boost revenue and profit through investments in supply chain and food safety enhancements. The order reflects Farmmi's commitment to customer relationships and market expansion amidst growing global interest in nutritious foods.

Farmmi, Inc. (NASDAQ: FAMI), a Chinese agricultural products supplier, announced a follow-on order for dried Shiitake mushrooms from an existing international customer. This marks the eighth order from this client, who will export the mushrooms to Israel. Chairwoman and CEO Yefang Zhang highlighted the increasing demand and repeat orders, attributing growth to improved brand awareness and a robust supply chain. The Company is well-positioned in the agricultural sector, focusing on quality products and a consistent distribution network.

Farmmi, Inc. (NASDAQ: FAMI) reported its financial performance for the six months ending March 31, 2020, revealing a 5.63% decline in revenue to $13.58 million, driven by COVID-19 impacts. Shiitake sales fell by 11.98% to $7.35 million, while Mu Er sales grew 11.41% to $5.76 million. The company achieved breakeven net loss of $0.06 million, improved from a loss of $0.17 million the previous year. Gross profit decreased by 16.54% to $2.12 million. Despite lower revenues, the company maintains a healthy balance sheet with cash reserves of $5.1 million, supporting its long-term growth strategy.

Farmmi, Inc. (NASDAQ: FAMI) will exhibit at SIAL China from September 28-30, 2020, showcasing its agricultural products, especially dried mushrooms and edible fungi. SIAL China, Asia's largest food innovation exhibition, aims to foster business connections in the food and beverage sector. The company emphasizes its commitment to high-quality and ecological products, meeting consumer demands for safety and quality. The event will host over 2,200 exhibitors and expects 60,000 visitors from China and international markets, providing valuable insights into regional trends.