Company news - Suppchains Group Inc.-Facilitating Chinese Companies

04 2025-04

Farmmi, Inc. Announces Grand Opening of New Warehouse in New Jersey

March 28, 2025 -- 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 significantly reduce shipping costs for customer orders in the Eastern U.S., while also shortening delivery times. Ms. Yefang Zhang, Chairwoman and CEO of Farmmi, commented: "As an agricultural products supplier and distribution logistics services provider, we are dedicated to optimizing our distribution network to better serve our growing customer base with high-quality products. The official launch of our New Jersey facility not only strengthens Farmmi's competitiveness in the U.S. market but also further improves our operational efficiency and supports our long-term strategic goals."

04 2025-04

Farmmi, Inc. Announces Expansion into the U.S. East Coast Market with New Warehouse in New Jersey

March 24, 2025 -- 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 Company's warehousing capabilities, optimize logistics operations, and shorten delivery times for customers in the East Coast region. Ms. Yefang Zhang, CEO of the Company, stated, "As an agricultural products supplier and distribution logistics services provider, the company is committed to optimizing our distribution network and providing high-quality products to our growing customer base. The establishment of the New Jersey warehouse further strengthens Farmmi's competitiveness in the U.S. market, enhances operational efficiency, and advances our long-term strategic objectives."

04 2025-04

Farmmi Announces 1-for-12 Share Consolidation

March 12, 2025 -- 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 ordinary shares will trade on the Nasdaq Capital Market on a split-adjusted basis, under the same symbol "FAMI" but under a new CUSIP Number, G33277149. As a result of the share consolidation, each twelve ordinary shares outstanding will automatically combine and convert to one issued and outstanding ordinary share without any action required on the part of shareholders. No fractional ordinary shares will be issued to any shareholders in connection with the share consolidation. Any fractional shares will instead be redeemed by the Company. The share consolidation will reduce the number of the Company's issued and outstanding ordinary shares from 15,007,123 to approximately 1,250,500 (subject to the redemption of the fractional shares at the closing price of the ordinary shares on March 17, 2025). The number of the Company's authorized shares is reduced by the same one-for-twelve ratio from 500,000,000 to 41,666,667 ordinary shares. As a result of the share capital increase approved by the shareholders, the Company is authorized to issue 5,000,000,000 ordinary shares of $2.40 par value each.

04 2025-04

Farmmi, Inc. Enters into Strategic Cooperation Agreement Aimed to Further Expand Its Logistic Services Business

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.

04 2025-04

Farmmi Announces The Launching of Its New Warehousing And Distribution Center Services in North America

Aug. 15, 2024 -- 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 Angeles, California. After nearly a month of preparation, the logistics center began trial operations on August 12, 2024 and had a successful opening day with the number of customer orders far exceeding management's expectations. In the coming days, the company's American team will accelerate its efforts and strive for greater operating results. To that end, the company's business in North America has entered a rapid development stage. Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, commented, Farmmi, a major agricultural products supplier in China, having operated in the Chinese agricultural products industry for more than 20 years, has formed a stable international customer base, and accumulated rich experience in the operation and management of agricultural products supplies and sales. In order to further expand international cooperation and create long-term value for its shareholders, the company is committed to and has implemented strategies for international business expansion in the recent years. The successful launch of its warehouse and logistics services center in the U.S. marks a significant development for the company in achieving organic growth and international expansion.