Farmmi, Inc. (“Farmmi” or the “Company”) (NASDAQ:FAMI), an agriculture products supplier in China, today announced it has established in the U.S. a new wholly-owned subsidiary, FARMMI USA INC. Farmmi plans to leverage its new platform to expand its growth in the important North American market, which is one of the world’s largest markets for high-quality agricultural products. This is another important step in deepening the Company’s international business strategy, following the establishment of FARMMI CANADA INC., a wholly-owned Canadian subsidiary last year.
Ms. Zhang Yefang, Chairwoman and CEO, stated, “The establishment of FARMMI USA INC. is another important step forward in the Company’s long-term success and internationalization. The establishment of a U.S. subsidiary furthers our integration of multiple advantageous resources to create a broader business platform. At the same time, it will allow us to more fully benefit from the strong demand to connect with the highly attractive, large and growing Asian consumer market.”
