Farmmi Stock Price, News & Analysis
Company Description
Farmmi, Inc. (NASDAQ: FAMI) is an agricultural products supplier based in the People’s Republic of China, with a long operating history in the edible fungi segment. According to the company’s public disclosures, Farmmi was founded in 1998 and focuses on the processing, marketing, wholesale, retail and distribution of edible mushrooms, including shiitake and wood ear (Mu Er), as well as other agricultural products. Over time, the company has also developed logistics and warehousing capabilities that support its agricultural supply chain and related services.
Farmmi’s core business centers on supplying edible fungi and other agricultural products to global markets. Company descriptions in its press releases state that it acts as a supplier, processor and retailer of these products, and that it distributes high-quality agricultural goods primarily through established distribution channels. In various releases, Farmmi notes that it sells products both online and offline, reflecting a mix of traditional and e‑commerce driven sales channels. The company’s product mix, as described in third‑party and regulatory summaries, includes shiitake mushrooms, Mu Er (wood ear) fungus, other edible fungi, red dates, corn, tapioca and other agricultural commodities.
In addition to its agricultural product activities, Farmmi has emphasized the role of technology and supply chain management in its business. The company has described itself as an agricultural technology enterprise focused on a supply chain platform that promotes edible mushroom products and agriculture technology. This supply chain focus extends beyond production and processing into warehousing, logistics and cross‑border distribution services that support both its own agricultural products and, increasingly, third‑party goods.
Global agricultural products supplier with expanding logistics operations
Farmmi’s disclosures indicate that its agricultural products are sold into multiple international markets. According to external company descriptions referenced in its materials, the company’s products have been distributed in China and to overseas regions such as Southeast Asia, Japan, North America, Europe and the Middle East under the Forasen and Farmmi brands. This international reach is supported by Farmmi’s long experience in the Chinese agricultural products industry and its development of a stable international customer base over more than two decades, as highlighted in its North America logistics launch announcement.
Alongside agricultural production and processing, Farmmi has increasingly highlighted its role as a distribution logistics services provider. In several press releases, the company describes itself as an agricultural products supplier, processor and logistics service provider. This reflects its move into warehousing, cargo transfer and bonded warehouse services, particularly in North America, where the company has been building out a network of logistics facilities through its subsidiaries.
North American warehousing and logistics platform
Farmmi has reported a series of steps to establish and expand a warehousing and logistics footprint in the United States. In a release on the launch of its North American warehousing and distribution center services, the company stated that it established its first warehouse and logistics center after acquiring the right to use a large storage facility in Los Angeles, California. Trial operations at this logistics center began in August 2024, and the company reported receiving warehousing orders for multiple shipping containers on the first day of operations.
The company further disclosed that in 2024 it started warehouse and logistics services in the U.S. to provide cargo transfer and bonded warehouse services. These activities are operated through Farmmi’s U.S. subsidiaries, including Farmmi USA Inc. and Suppchains Group Inc. Farmmi USA Inc. operates logistics and warehousing bases in the United States, including facilities on the West Coast and, as later announced, on the East Coast. The company has described these facilities as important to enhancing warehousing capabilities, streamlining logistics operations, reducing shipping costs and shortening delivery times for customers in U.S. regions served.
On the East Coast, Farmmi announced that its subsidiary Farmmi USA Inc. signed a lease for a warehouse in Somerset, New Jersey, and later reported the grand opening of a new warehouse in New Jersey. The company stated that this facility significantly expands its logistics and warehousing operations on the U.S. East Coast and reinforces its strategic presence in the American market. Farmmi characterizes this expansion as a major step in extending its U.S. logistics and warehousing operations from the West Coast to the East Coast, thereby covering a substantial portion of the U.S. market.
Farmmi has also reported a lease agreement for an additional warehouse in Robbinsville, New Jersey, through Farmmi USA Inc., which it describes as a large‑scale facility that increases its total warehousing footprint in the U.S. The company links this expansion to strengthening logistics and distribution capabilities, improving supply chain efficiency and enhancing delivery speed and cost controls, with the goal of better supporting growing customer demand and integrating warehousing and logistics operations across U.S. regions.
Suppchains Group Inc. and FDA‑registered food facility
In its more recent disclosures, Farmmi has highlighted the role of its U.S. subsidiary Suppchains Group Inc. in building a global supply chain service platform. The company announced that Suppchains Group Inc. obtained U.S. Food and Drug Administration (FDA) Food Facility Registration for a warehousing facility in Chino, California. According to Farmmi’s announcement, this registration allows the facility to lawfully conduct food‑related warehousing, distribution, storage, shipment, inventory and logistics services for food products, dietary supplements and certain agricultural products in accordance with U.S. federal regulations.
The company’s description of this FDA registration emphasizes that the facility is registered to handle a broad range of food categories, including coffee and tea, vegetable oils, grain products, condiments and agricultural commodities. Farmmi also notes that the facility is registered to support storage and distribution of dietary supplements, such as vitamins, minerals and proteins, as well as meal replacement and nutritional food products. The company presents this as an important step in expanding into cross‑border nutritional and wellness markets and in constructing a comprehensive, high‑compliance logistics ecosystem.
Farmmi describes itself as dedicated to providing one‑stop solutions for cross‑border e‑commerce through a technology‑driven global supply chain service. In its statements about Suppchains Group Inc., the company links this objective to the development of a globalized and specialized supply chain service, particularly for food and healthcare‑related products where regulatory compliance and food safety are central considerations.
Business activities and service offerings
Across its press releases and regulatory descriptions, Farmmi outlines several key categories of business activity:
- Agricultural product supply and processing: Farmmi identifies itself as an agricultural products supplier, processor and retailer of edible mushrooms such as shiitake and Mu Er, along with other agricultural products including other edible fungi, red dates, corn and tapioca. The company notes that it has operated in the Chinese agricultural products industry for more than 20 years and has developed a stable international customer base.
- Wholesale, retail and distribution: The company states that it engages in the processing, marketing, wholesale and retail of edible fungi and other agricultural products, and that it sells these products both online and offline through established distribution channels.
- Warehousing and logistics services: Farmmi reports that its warehousing and logistics bases, particularly in the U.S., provide services such as warehousing, cargo transfer and bonded warehouse services. In a release about strategic cooperation with a logistics partner, the company notes that its warehousing and logistics base operated by Farmmi USA mainly provides services including “one‑piece delivery” for e‑commerce products, shipping container warehousing, customs clearance agency services and other related business.
- Cross‑border e‑commerce supply chain services: Through Suppchains Group Inc. and its broader logistics platform, Farmmi describes its goal of offering one‑stop solutions for cross‑border e‑commerce, supported by FDA‑registered facilities and a focus on compliance for food and nutrition‑related products.
Capital markets and regulatory status
Farmmi’s ordinary shares trade on the Nasdaq Capital Market under the symbol FAMI. The company has disclosed several capital markets and listing‑related developments. In a press release, Farmmi announced a one‑for‑twelve share consolidation, approved at its annual general meeting, with the stated objective of enabling the company to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) regarding minimum bid price and to maintain its listing on Nasdaq. The company later reported that it received notification from Nasdaq confirming that it had regained compliance with the minimum bid price requirement and that the matter was closed.
Farmmi has also reported securities offerings and private placements through filings on Form 6‑K. For example, the company described entering into a securities purchase agreement with institutional investors for a registered direct offering of ordinary shares and concurrent private placement of warrants, and separately disclosed a private placement of units consisting of ordinary shares and warrants for gross proceeds designated for working capital and general corporate purposes. These filings and press releases underscore that Farmmi provides regular updates on its financing activities and capital structure through SEC filings and public announcements.
Corporate structure and subsidiaries
In its Form 6‑K filings and related disclosures, Farmmi lists multiple subsidiaries and investee entities that support its operations. These include entities focused on ecological agriculture technology, e‑commerce, healthcare technology, logistics, warehousing and international operations. Among them are Lishui‑based operating companies, Hong Kong and Canada entities, and U.S. subsidiaries such as Farmmi USA Inc. and Suppchains Group Inc. The company’s filings also reference segment categories such as shiitake, Mu Er, red dates, other edible fungi, corn and logistic services, reflecting how it organizes its product and service lines for reporting purposes.
Through these subsidiaries and affiliates, Farmmi carries out agricultural production and processing, domestic and international trade, logistics services and cross‑border supply chain activities. The breadth of entities listed in its filings indicates a structure that supports both its traditional agricultural business and its newer warehousing, logistics and health‑related initiatives.
Industry context and positioning
Farmmi operates within the broader agricultural products and food supply chain sector. Its description as an agricultural products supplier, processor, retailer and logistics service provider places it at multiple points in the value chain, from sourcing and processing edible fungi and other agricultural products to handling warehousing, distribution and cross‑border logistics. The company’s emphasis on FDA‑registered facilities, bonded warehouses and customs clearance agency services highlights the regulatory and operational requirements associated with international food and nutrition product distribution.
While Farmmi’s public materials do not quantify its market share, they do emphasize its long operating history since 1998, its specialization in edible mushrooms and other agricultural products and its efforts to expand international cooperation and logistics capabilities. The company’s disclosures suggest that its strategy includes leveraging its experience in the Chinese agricultural products industry to support growth in overseas markets, particularly through enhanced logistics infrastructure in North America.
Use of technology and supply chain focus
Farmmi has described itself as an agricultural technology enterprise focused on its supply chain platform. In its statements about Suppchains Group Inc. and cross‑border e‑commerce, the company refers to a technology‑driven global supply chain service and to building a globalized and specialized supply chain service. While specific technologies are not detailed in the provided materials, this language indicates that Farmmi views supply chain management and logistics as central elements of its business model, alongside its core agricultural product activities.
By combining agricultural product supply with warehousing, logistics and cross‑border e‑commerce support, Farmmi positions itself as both a producer and a service provider within the agricultural and food distribution ecosystem. Its public disclosures link these activities to goals such as improving operational efficiency, enhancing delivery speed, optimizing distribution networks and supporting long‑term strategic objectives in international markets.