- Farmmi Inc (NASDAQ:FAMI) has bagged an order for its dried black fungus. The financial terms were not disclosed.
- The products under the sales win will be exported to Vancouver, Canada.
- The company said the demand for its products improved as COVID-19 closures approached an end and logistics challenges eased.
- “We are pleased to see new waves of demand as customers discover new uses for mushrooms and demand high-quality products like Farmmi is known for,” said Chairwoman and CEO Yefang Zhang.
- According to a report by Allied Market Research, the global functional mushroom market generated $7.98 billion in 2020 and is expected to swell to $19.33 billion in 2030.
- Price Action: FAMI shares are trading lower by 0.48% at $1.05 on the last check Wednesday.
Illinois Tool Works Narrows FY2023 GAAP EPS Guidance From $9.55-$9.95 To $9.65-$9.85 Vs $9.73 Est
2023 Guidance
ITW is narrowing the range of its full year GAAP EPS guidance from $9.55 to $9.95 per share to a range of $9.65 to $9.85 per share, which includes a $0.12 per share adjustment for the estimated fourth
