Is A Bounce Coming? Farmmi Inc (NASDAQ:FAMI) to Participate in Industry Expo

Farmmi Inc (NASDAQ:FAMI) is pulling back a bit in the opening on Friday after gaining momentum earlier this week.

Market Action

As of 9:52, FAMI stock fell 1 cents or 2.78% to $0.4872 with more than 8.73 million shares, compared to its average volume of 27.47 million shares. The stock has moved within a range of $ 0.4710 – 0.4951 after opening the trade at $0.4919.

Farmmi Attending High-profile 2nd China Edible Fungi Industry Expo

• today announced its subsidiary Zhejiang Farmmi Food Co., Ltd., is attending the high-profile second China Edible Fungi Industry Expo (the “Expo”), from June 3-5, 2021 (booth 10E05) at the Fuzhou Strait International Convention and Exhibition Center (Hall 10) located in Fujian, China.
• Ms. Yefang Zhang, Farmmi’s Chairwoman and CEO, commented, “We plan to leverage this high-profile expo as part of our ongoing sales expansion strategy.  We have recognizable brands in the edible fungi industry and a strong platform of active customer engagements in key markets worldwide.  The Expo will give us an invaluable opportunity to meet face to face with existing and new partners, and we expect it will serve as an important channel for us to open new markets.”
• Jointly sponsored by the China Edible Fungi Association and the Fujian Huiyuan International Exhibition Co., Ltd., the Expo is expected to span 16,000 square meters, with six exhibition areas, including feature areas for edible fungi, leading edible fungi brands, intelligent manufacturing, and more covering the entire edible fungi industrial chain.  Nearly 300 enterprises from 20 provinces and regions are participating, with more than 10,000 professional merchants expected to attend, raising the Expo’s prominence.
• Edible fungi products are expected to range from dried, fresh, snack food and condiments, to health care products, among others.  Upstream and downstream products will include auxiliary materials and related equipment for the entire process of cultivation, planting, and growing through harvesting, packaging and processing.