Farmmi, Inc. (NASDAQ: FAMI)

Farmmi, Inc. is a Cayman Islands holding company that supplies agricultural products with a focus on processed and traded edible fungi and other agricultural commodities and provides warehousing and logistics services.

The company generates revenue from the sale of dried Shiitake mushrooms Mu Er other edible fungi and bulk agricultural products including cotton corn cornstarch and tapioca as well as from warehousing and logistics services provided to customers in the United States and other markets.

Farmmi, Inc. operates in the edible fungi and agricultural products industry in China where it faces competition from companies such as Zhejiang Jingning Nature Food Co Ltd and Zhejiang Tianhe Food Co Ltd. The company differentiates itself through a sophisticated quality control system long standing supplier relationships experienced factory employees and a favorable location in Lishui Zhejiang Province which is known as a historic center for mushroom cultivation. It holds certifications including BRC and ISO22000 and maintains a traceability system that tracks products from farm to customer.

The company sells most of its products to domestic distributors in China such as Yunmihui and Hongren International while a smaller portion is exported through distributors to customers including Rhee Bros Inc in the United States Loblaws Supermarkets in Canada Maruhan Co Ltd in Japan and a Korean supermarket chain as well as processing manufacturers supermarkets and restaurants in the Middle East and Europe. In the fiscal year ended September 30 2025 approximately 96.3 percent of sales were made in China and 3.7 percent were made outside mainland China.