Oct. 24, 2024 — 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-piece delivery” services for e-commerce products. The Company’s warehousing and logistics base operated by Farmmi USA mainly provides “one-piece delivery”, shipping container warehousing, customs clearance agency services and other related business. The Company expects the strategic cooperation between the company and Mazon Technology LLC will help further develop the Company’s warehousing and logistics business.
Ms. Yefang Zhang, Farmmi’s Chairwoman and CEO, stated that the Company’s cooperation with Mazon Technology was a major development in the Company’s expansion into the warehousing and logistics industry. The Company has not only obtained a new customer, it also showcased the significant progresses we have made in our warehousing and logistics business.
