Farmmi, Inc., together with its subsidiaries, processes and sells agricultural products in China, the United States, Japan, Canada, Europe, Korea, and the Middle East. The company offers shiitake and Mu Er mushrooms; and other edible fungi products, including bamboo fungi, agrocybe aegerila, pleurotus eryngii, grifola frondosa, coprinus comatus, and hericium erinaceus. It also operates Farmmi Jicai, an online store that sells edible fungi products under Forasen and Farmmi Liangpin brands. In addition, the company exports dried whole and sliced shiitake mushrooms, and dried black fungus to Israel. It offers its products to restaurants, cafeterias, and local specialty stores, as well as through distributors. Farmmi, Inc. was incorporated in 2015 and is headquartered in Lishui, China.
IPO Year: 2018
Exchange: NASDAQ
Website: farmmi.com.cn
LISHUI, China, April 3, 2025 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ:FAMI), an agriculture products supplier in China, today announced that on April 2, 2025, it received notification from The Nasdaq Stock Market LLC ("NASDAQ") confirming the Company has regained compliance with NASDAQ's minimum bid price requirement under Listing Rule 5550(a)(2). NASDAQ noted this matter is now closed. 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 through the established distribution channels.
LISHUI, China, March 28, 2025 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ:FAMI) today announced the official opening of its brand-new warehouse located in New Jersey, USA on March 27, 2025. The facility covers approximately 49,800 square feet and marks a significant expansion of the Company's logistics and warehousing operations on the U.S. East Coast, reinforcing Farmmi's strategic presence in the American market. The new logistics hub, operated by Farmmi's U.S. subsidiary, Farmmi USA Inc., is located on Randolph Road in Somerset, New Jersey. This expansion will substantially enhance the Company's warehousing capabilities, streamline logistics operations, and significa
LISHUI, China, March 24, 2025 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ:FAMI) today announced that the Company has expanded its U.S. logistics and warehousing operations to the East Coast market. This significant milestone marks the Company's business expansion from the West Coast to the East Coast, now covering a substantial portion of the U.S. market and laying a solid foundation for further expansion in the future. Farmmi's U.S. subsidiary, Farmmi USA Inc., has signed a lease agreement for a new warehouse located at 1100 Randolph Road, Somerset, New Jersey. The warehouse is part of a multi-tenant industrial park, and this expansion will significantly enhance the Co
LISHUI, China, March 12, 2025 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ:FAMI) announced today that at the Company's annual general meeting on February 25, 2025, shareholders approved a consolidation of the Company's authorized shares at the ratio of one-for-twelve. The share consolidation will become effective with NASDAQ ("Nasdaq") and in the marketplace on March 17, 2025. The objective of the share consolidation is to enable the Company to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) and maintain its listing on Nasdaq. The Company continues to meet all other listing standards. Beginning with the opening of trading on March 17, 2025, the Company's ordina
LISHUI, China, Oct. 24, 2024 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ:FAMI), an agriculture products supplier in China, today announced that the Company's subsidiary, FARMMI USA INC. ("Farmmi USA"), has reached an agreement in principle with Mazon Technology LLC for strategic cooperation in warehousing and logistics services that could potentially bring in $10 million in annual orders for Farmmi USA. The Company considers it a new major operational development for Farmmi USA since the launch of the trial operation of the Company's warehousing logistics base in California in August 2024. Mazon Technology LLC is a California-based logistics company specialized in "one-
LISHUI, China, Oct. 23, 2024 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ:FAMI), an agriculture products supplier in China, today announced that on October 22, 2024, it received notification from The Nasdaq Stock Market LLC ("NASDAQ") confirming the Company has been granted an additional 180 calendar day period for compliance under its minimum bid price requirement through April 21, 2025. To regain compliance with NASDAQ's minimum bid price requirement, the closing bid price of the Company's ordinary shares needs to be at least $1.00 per share or greater for at least ten consecutive business days by April 21, 2025. About Farmmi, Inc. Established in 1998, Farmmi Inc. (NAS
LISHUI, China, Aug. 23, 2024 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ:FAMI), an agriculture products supplier in China, today announced that it has entered into a securities purchase agreement with certain institutional investors to purchase 3,433,167 ordinary shares of the Company (the "Ordinary Shares") in a registered direct offering. In a concurrent private placement, the Company also agreed to issue and sell to the investors Series A warrants to purchase up to 3,433,167 Ordinary Shares. The combined effective offering price for each Ordinary Share and accompanying Series A warrant is $0.30. The Series A warrants are immediately exercisable, expire five years from
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 Ange
LISHUI, China, July 22, 2024 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ:FAMI), an agriculture products supplier in China, today announced the Company's subsidiary, FARMMI USA INC., has signed a sublease agreement and acquired the right to use a large distribution and storage center in United States to further expand its global business. This marks a significant development for Farmmi's U.S. operations. Pursuant to the agreement, Farmmi USA Inc. has the right to use the leased premises of the storage center located in Los Angeles area, California, which is managed by Ryder Truck Rental inc., a subsidiary of Ryder System, Inc., a leading logistics and transportation comp
LISHUI, China, July 2, 2024 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ:FAMI), an agriculture products supplier in China, today announced the Company's subsidiary, Zhejiang Farmmi Food Co., Ltd., has received the certificate of "An Agricultural Products Sales King" awarded by the Lishui municipal authority. Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, commented, "We are honored to receive this important award. This award is granted following a careful selection process based on onsite visits, verification and evaluations of relevant indicators. We have invested significantly in our core agriculture business, and our focus is firmly on accelerating our sales growth. We
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152.5% Increase in Full Year 2022 Revenue Compared to Full Year 202159% of Revenue Generated from New Growth Segments6.4% Expansion in Full Year 2022 Gross Profit Compared to Full Year 2021$163.8 Million in Total Assets at September 30, 2022LISHUI, China, Feb. 13, 2023 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ:FAMI), an agricultural products supplier in China, today announced its financial results for the fiscal year ended September 30, 2022, with record revenue generated by new growth segments. Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, commented, "
39% Increase in Revenue in Fiscal Year 2021 Compared to Fiscal Year 2020 10% Expansion in Gross Profit Fiscal Year 2021 Compared to Fiscal Year 2020 188% Increase in Net Income in Fiscal Year 2021 Compared to Fiscal Year 2020 $159.9 Million in Total Stockholders' Equity at September 30, 2021 Compared to $28.3 Million at September 20, 2020 LISHUI, China, Jan. 26, 2022 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ:FAMI), an agriculture products supplier in China, today announced its financial results for the twelve months ended September 30, 2021. Ms. Ye
Achieves Fiscal Year 2020 Net Income Per Diluted Share of $0.05 Compared to a Net Loss of $0.03 Per Diluted Share for Fiscal Year 2019 Continues to Grow Customer Base with Another Customer Now Accounting for More than 10% of Revenue LISHUI, China, Jan. 29, 2021 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agriculture products supplier in China, today announced its financial results for the twelve months ended September 30, 2020. Ms. Yefang Zhang, Chairwoman and CEO of the Company stated, "We are pleased with our team's business development success in a challenging year, as we achieved positive net income for the year ended September 30, 2020 compared to