Farmmi Subsidiary in Final Phase of Technical Transformation Project; Expected to Increase Production Capacity by 20%
Farmmi, INC. - Ordinary Shares (FAMI)
US:NASDAQ Investor Relations:
prnewswire.com/news-releases/farmmi-inc-announces-pricing-of-initial-public-offering-300600088.html
Company Research
Source: PR Newswire
LISHUI, China, March 12, 2020 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agriculture products supplier in China, today announced Zhejiang Forest Food Co., Ltd. ("Forest Food"), a subsidiary, is in the final phase of a technical transformation project designed to increase manufacturing efficiencies, overall capacity and the ability to meet growing demand for Shiitake mushrooms, Mu Er mushrooms, other edible fungi, and sought-after agricultural products. Upon completion, the technical transformation project is expected to increase production capacity by 20%.Forest Food commenced the comprehensive technology transformation project in July 2019 in an effort to expand capacity and manufacturing efficiencies. The initial phase involved a thorough evaluation of the Company's existing footprint, expansion strategy, R&D pipeline and requirements to meet growing demand levels. Following the review, the Company implemented a strategy to upgrade and transform i
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FAMI
News
- Farmmi, Inc. Enters into Strategic Cooperation Agreement Aimed to Further Expand Its Logistic Services BusinessPR Newswire
- Farmmi receives Nasdaq minimum bid price requirement extension [Seeking Alpha]Seeking Alpha
- Farmmi Receives NASDAQ Minimum Bid Price Requirement Extension [Yahoo! Finance]Yahoo! Finance
- Farmmi Receives NASDAQ Minimum Bid Price Requirement ExtensionPR Newswire
- Farmmi Announces Pricing of $1.0 Million Registered Direct OfferingPR Newswire
FAMI
Sec Filings
- 11/12/24 - Form 6-K
- 11/7/24 - Form 424B3
- 11/7/24 - Form EFFECT
- FAMI's page on the SEC website