FAMI Stock: Why It Increased Today

By Amit Chowdhry ● Sep 21, 2021
  • The stock price of Farmmi, Inc. (NASDAQ: FAMI) increased today. This is why it happened.

The stock price of Farmmi, Inc. (NASDAQ: FAMI) – an agriculture products supplier in China – increased today. Investors are responding positively to Farmmi announcing recently that the company’s subsidiary Zhejiang Farmmi Biotechnology Co., Ltd., is continuing its growth with another new product order for its popular dried whole Shiitake mushrooms. The customer is going to export Farmmi’s Shiitake mushrooms to Southwest Asia.

KEY QUOTE:

“We remain focused on executing our business strategy, led by organic growth at our many existing customers worldwide and a longer-term expansion of service opportunities. We are actively engaging with customers in discussions about how we can leverage our improved financial position, well-established supply chain relationships, and farm-to-table logistics for mutual growth.”

— Yefang Zhang, Farmmi’s Chairwoman and CEO

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.