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Farmmi Wins Export Order For Canada

Benzinga · 07/27/2022 13:29
  • Farmmi Inc (NASDAQ:FAMI) has bagged an order for its dried black fungus. The financial terms were not disclosed.
  • The products under the sales win will be exported to Vancouver, Canada.
  • The company said the demand for its products improved as COVID-19 closures approached an end and logistics challenges eased.
  • "We are pleased to see new waves of demand as customers discover new uses for mushrooms and demand high-quality products like Farmmi is known for," said Chairwoman and CEO Yefang Zhang.
  • According to a report by Allied Market Research, the global functional mushroom market generated $7.98 billion in 2020 and is expected to swell to $19.33 billion in 2030.
  • Price Action: FAMI shares are trading lower by 0.48% at $1.05 on the last check Wednesday.