Farmmi, Inc. Awarded Multiple Contracts to Supply Asian Distributors of Dried Edible Fungus Products

LISHUI, China, July 5, 2018 /PRNewswire/ -- Farmmi, Inc. (the "Company") (Nasdaq: FAMI), a leading agriculture products supplier in China, today announced that between March and June in 2018, it has been awarded multiple contracts to supply three Asian distributors of dried edible fungus products including Shiitake mushrooms and Mu Er mushrooms.

The Company signed multiple sales contracts with Qingdao Gabsan Trading Co., Ltd., a Chinese trading company affiliated with H-MART Group, a supermarket chain which operates Korean supermarkets in the U.S., Canada, Europe and India. The Company signed a sales contract with Hi-Rise International Ltd., a well-known comprehensive trading company in Taiwan. The Company also signed a sales contract with Hongxing International Trade Co. Ltd., a trading company in Japan.

Ms. Yefang Zhang, Chairwoman and Chief Executive Officer of the Company, commented, "Following our successful IPO in February 2018, we have benefited from increased visibility and recognition and foreign and domestic companies have reached out to us to purchase our products. In recent months, we have signed significant contracts with new clients such as Qingdao Gabsen Trading, Hi-Rise International and Hongxing International Trade Company. These contracts have put us on the path to grow our international presence as we strive to provide a global ecommerce platform for agricultural products that features advanced quality control and offers superior products."

About Farmmi, Inc.

Headquartered in Lishui, Zhejiang, Farmmi, Inc. (the "Company") (Nasdaq: FAMI), is an agricultural products supplier and primarily processes and sells Shiitake mushrooms, Mu Er mushrooms, other edible fungi, and other agricultural products. In addition, Farmmi Liangpin Market, the Company's ecommerce platform, provides an opportunity for consumers to access locally sourced agricultural products. For further information regarding the Company, please visit: http://ir.farmmi.com.cn/.

Forward-Looking Statements

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.

For more information, please contact Investor Relations at:

Tina Xiao, President
Ascent Investor Relations LLC
Phone: +1-917-609-0333
Email: [email protected] 

SOURCE Farmmi, Inc.