Benzinga | Jan 18, 2022 08:07AM EST

Farmmi Reports Its Zhejiang Farmmi Biotech Subsidiary Won Follow-On Product Order, No Terms Dsiclosed

Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ:FAMI), an agriculture products supplier in China, today announced the Company's subsidiary Zhejiang Farmmi Biotechnology Co., Ltd., won another follow-on product order. The latest order for dried Shiitake is from one of the Company's long-term customers, which will export Farmmi's products to Vancouver, Canada.

Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, commented, "We are seeing a higher level of customer activity than is typical for this time of year as positive demand tailwinds from last year continue into 2022. We continue to do a good job managing our supply chain to meet the increased demand, as we ensure high quality agriculture products, and meet larger size, repeat orders. We are excited about the Company's business prospects for 2022, having strengthened our balance sheet in 2021 in order to fund the next phase of Farrmi's accelerated growth. We thank shareholders for their continued support and look forward to unlocking more of the Company's true potential."