Farmmi establishes Canadian subsidiary

Aug. 16, 2022 8:25 AM ETFarmmi, Inc. (FAMI)By: Preeti Singh, SA News Editor
  • Farmmi (NASDAQ:FAMI) has established a Canadian subsidiary to further develop its agricultural products trading business in the country and and other international markets.
  • Commenting on the move, CEO Yefang Zhang said, "We are excited about this latest step in Farmmi's evolution and believe it will help Canada become an even greater contributor to our sales as we move forward. The formation of our new Farmmi Canada subsidiary reflects the critical mass we have achieved in the North American market and Canada's strategic importance to our long-term growth."
  • In addition, the firm announced a new sales order for its dried Shiitake mushrooms for export to Vancouver, Canada.

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