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FAMI Stock: Why It Noticeably Increased Today

FAMI Stock: Why It Noticeably Increased Today
  • The stock price of Farmmi Inc (NASDAQ: FAMI) increased by over 7.2% today. This is why it happened. 

The stock price of Farmmi Inc (NASDAQ: FAMI) increased by over 7.2% today. Investors are responding positively to Farmmi announcing that two of its healthcare subsidiaries, Zhejiang Farmmi Biotechnology Co., Ltd., Zhejiang Farmmi Food Co., Ltd.,, have received an international certification. The Lishui ShanGeng international certification is an important brand validation for successful domestic and international business as it strengthens the premium and competitive advantage of Farmmi’s products and validates the progress the Company is making in its health and wellness food products division.


The Lishui ShanGeng certification is enforced by the Lishui City ecological agriculture association with third-party evaluation and certification. And inspectors are responsible for certifying testing and technical service institutions are in collaboration China and internationally. This certification provides validation of high-quality, branded agricultural products that meet strict organic agricultural products and geographical indication, pollution-free, and organic cultivation standards.


KEY QUOTE:


“We are proud to receive this important certification. It is an invaluable validation of our product quality and brand, which we believe will give us an added competitive advantage. For Farmmi, providing consumers with green, healthy and safe agricultural products is at the core of all the business decisions we make. We are excited to be able to leverage the prestigious Lishui ShanGeng certification given our mutual commitment to high quality, green products, as we continue to drive the company’s market growth.”


— Yefang Zhang, Farmmi’s Chairwoman and CEO


Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.