Benzinga | Dec 21, 2020 07:07AM EST

Farmmi Announces Latest Sales Win to Multi-Channel Customers with Over 100 Retail Stores in China and Canada

Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ:FAMI), an agriculture products supplier in China, today announced its latest sales win. The Company's subsidiary, Zhejiang Forest Food Co., Ltd., has received another multi-product order, this time from a Chinese multi-channel customer, with over 100 retail stores in China and Canada, and a major export business. The latest order is for flower mushrooms and donko shiitake.

Flower mushrooms are high-end grade shiitake mushrooms, known for their distinct flower-like cracking pattern on the cap. Donko shiitake is another high-end grade shiitake.

Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, commented, "Our latest win underscores Farmmi's continued sales growth momentum and success at partnering with customers capable of building mutually beneficial, long-term relationships. We are really excited to be working with this leading grocery chain and exporter. We share a common vision of enhanced healthy food choices, that are natural and processed less. There has been a fundamental shift occurring in consumer tastes and buying habits with more spending going to natural food choices. We believe this is due to a combination of the inherently better taste with better ingredients, and the perceived benefits of a diet based on healthy, natural foods rather than the heavily processed foods that have grown all too common. In addition, COVID-19 resulted in widespread restaurant closures and a return to self-prepared foods. With people returning to their kitchens demand for high-quality ingredients, which Farmmi is a leading provider of, have remained high, helping to drive our growth and positive outlook."