Has my stock been accused of fraud?Join over 160k users who know.

Ticker Price Change($) Change(%) Shares Volume Prev Close Open Gain($) Gain(%)
Ticker Status Jurisdiction Filing Date CP Start CP End CP Loss Deadline
Ticker Case Name Status CP Start CP End Deadline Settlement Amt
Ticker Name Date Analyst Firm Up/Down Target ($) Rating Change Rating Current

News

Farmmi Enters Into Strategic Cooperation Agreement Aimed To Further Expand Its Logistic Services Business That Could Potentially Bring In $10M In Annual Orders For Farmmi USA

Author: Benzinga Newsdesk | October 24, 2024 08:35am

Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ:FAMI), an agriculture products supplier in China, today announced that the Company's subsidiary, FARMMI USA INC. ("Farmmi USA"), has reached an agreement in principle with Mazon Technology LLC for strategic cooperation in warehousing and logistics services that could potentially bring in $10 million in annual orders for Farmmi USA. The Company considers it a new major operational development for Farmmi USA since the launch of the trial operation of the Company's warehousing logistics base in California in August 2024.

Mazon Technology LLC is a California-based logistics company specialized in "one-piece delivery" services for e-commerce products. The Company's warehousing and logistics base operated by Farmmi USA mainly provides "one-piece delivery", shipping container warehousing, customs clearance agency services and other related business. The Company expects the strategic cooperation between the company and Mazon Technology LLC will help further develop the Company's warehousing and logistics business.

Posted In: FAMI

CLASS ACTION DEADLINES - JOIN NOW!

NEW CASE INVESTIGATION

CORE Finalist