- 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.
Canadian Cannabis Co. Cronos Explores Untapped Potential In Australia’s Marijuana Industry
Group announced on Tuesday that it is expanding distribution into the Australian market with its first shipment of cannabis flower to Vitura Health Limited. The Toronto-based company owns roughly 10% of Vitura's common shares, formerly known as Cronos Australia, and will supply cannabis for Vitura.
