LISHUI, China,
Aug. 15,
2024 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the
"Company") (NASDAQ: FAMI), an agriculture products supplier in
China, today announced a
successful opening of the Company's warehouse and distribution
center in Los Angeles, California.
On the first day of its operations on August
12, 2024, the distribution center received warehousing
orders for 28 shipping containers. With the grand opening of the
warehousing and logistics center, the Company has started a new
chapter of its business and development.
In July 2024, The company
established its first warehouse and logistics center following the
acquisition of the right to use a large storage facility located in
Los Angeles, California. After
nearly a month of preparation, the logistics center began trial
operations on August 12, 2024 and had
a successful opening day with the number of customer orders far
exceeding management's expectations. In the coming days, the
company's American team will accelerate its efforts and strive for
greater operating results. To that end, the company's business in
North America has entered a rapid
development stage.
Ms. Yefang Zhang, Farmmi's
Chairwoman and CEO, commented, Farmmi, a major agricultural
products supplier in China, having
operated in the Chinese agricultural products industry for more
than 20 years, has formed a stable international customer base, and
accumulated rich experience in the operation and management of
agricultural products supplies and sales. In order to further
expand international cooperation and create long-term value for its
shareholders, the company is committed to and has implemented
strategies for international business expansion in the recent
years. The successful launch of its warehouse and logistics
services center in the U.S. marks a significant development
for the company in achieving organic growth and international
expansion.
About Farmmi, Inc.
Established in 1998, Farmmi Inc. (Nasdaq: FAMI) is an
agricultural products supplier, processor and retailer of edible
mushrooms like Shiitake and Mu Er, as well as other agricultural
products. Farmmi sells its products both online and offline. For
further information about the Company, please visit Farmmi's
website.
Forward-Looking Statements
No statement made in this press release should be interpreted as
an offer to purchase or sell any security. Such an offer can only
be made in accordance with the Securities Act of 1933, as amended,
and applicable state securities laws. Certain statements in this
press release concerning our future growth prospects are
forward-looking statements regarding our future business
expectations and intended to qualify for the "safe harbor" under
the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve a number of risks and
uncertainties that could cause actual results to differ materially
from those in such forward-looking statements. The risks and
uncertainties relating to these statements include, but are not
limited to, risks and uncertainties regarding lingering effects of
the Covid-19 pandemic on our customers' businesses and our end
purchasers' disposable income, our ability to raise capital on any
particular terms, fulfillment of customer orders, fluctuations in
earnings, fluctuations in foreign exchange rates, our ability to
manage growth, our ability to realize revenue from expanded
operation and acquired assets in China, our ability to attract and retain
skilled professionals, client concentration, industry segment
concentration, and general economic conditions affecting our
industry. Additional risks that could affect our future operating
results are more fully described in our United States Securities
and Exchange Commission filings. These filings are available at
www.sec.gov. Farmmi may, from time to time, make additional written
and oral forward-looking statements, including statements contained
in the Company's filings with the Securities and Exchange
Commission and our reports to shareholders. In addition, please
note that any forward-looking statements contained herein are based
on assumptions that we believe to be reasonable as of the date of
this press release. The Company does not undertake to update any
forward-looking statements that may be made from time to time by or
on behalf of the Company unless it is required by law.
For more information, please contact Investor
Relations:
Farmmi, Inc.
Investor Relations
Tel: +86-0578-82612876
ir@farmmi.com
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SOURCE Farmmi, Inc.