Posted on 09/22/2021 7:01:08 AM PDT by MeneMeneTekelUpharsin
About Us
Farmmi,Inc. is a Nasdaq-listed company (Nasdaq: FAMI) . The company is a leading agricultural e-commerce and technology enterprise, which aims to build a global trading platform for agricultural products. Farmmi manages an industry chain of Internet marketing for agriculture products with agricultural technology research and development, family farm development and product processing. Our products are sustainable, organic and green agricultural products and healthy food.
The company was founded in 2003, with headquarters located in Lishui City and Binjiang district of Hangzhou in Zhejiang and a major processing plant in Lishui City. We have multiple standardized cooperative family farms l including locations such as Qingyuan county, Songyang county and Liandu district in Lishui City, the Greater Khingan Mountains area in Heilongjiang Province, Henan Province and Hubei Province to cultivate agricultural products. On 16 February 2018, the company went to public.
The company integrates an Internet platform, offline experience shops, family farms, and factories. Further, Farmmi’s standardized family farms and food traceability system,control food safety from the source to ensure product quality. We have established a complete quality control management system and have acquired HACCP international food safety and health system, BRC international food and QS certifications. The company has a number of well-known brands such as “Forasen” and “Farmmi”.
The company has developed the “Farmmi” mall, an internet sales platform which has more than 50,000 members. Our products are favored by vegan and vegetarian consumers. Domestically, the products sell in supermarkets, restaurants and dining halls. Farmmi also exports to the United States, Japan, Canada, the Europe, the Middle East and Southeast Asia, providing high-quality agricultural products worldwide
(Excerpt) Read more at ir.farmmi.com.cn ...
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Due to the Evergrande controversy, this stock dropped dramatically and probably for no real reason. If you know about Asia at all, they LOVE all types of mushrooms.
All they do is keep you in the dark and feed you bullshiitake.............
More food to be imported into the US of Chinese manufacture - common manures for food products in China include human waste.
The Shiitakes grow wild in the Pacific Northwest. And are best ordered from local companies or from Japan where they also grow wild.
There are places to obtain mushrooms in the US, usually small farms. E.g., this Husband and Wife mushroom farm.
https://www.2angelsmushrooms.com/about-us Chatanooga TN
Paul Stamits is a well known Pacific NW mycologist . He has a list of sources on his website.
Notice ownership by insiders and institutional holders. Notice profit margins and short interest. Price to earnings (P/E) is about 1.78 and price to book value is .15 (wow).
Information on Evergrande:
Wholesome foodstuff from China?
Sure thing.
I grew shiitake a few years ago and plan on doing it again next Spring. I’ll be out there cutting dead trees down for firewood this week and am going to mark a few tall scrawny 4-5 inch dia. live oak trees to cut in the Spring for mushroom logs. Need to mark them while they still have leaves. I might try a few other types too, anything that will grow on oak logs. Mushrooms do pretty good here in the Ozarks where it’s humid year round. I’ve got a 50’+ deep shaded valley/gully where they’ll do good.
$20-25/lb for dried shiitake is about the going rate. I plan on eating fresh and drying some for myself. If I have leftover, I’ll give them away to neighbors for now. If I get good at it and consistent, I might try finding an outlet to sell.
I used to buy Dole peaches in 100% juice in the little single serving plastic cups. For a while, it was product of the USA and they were good. Then product of Greece started showing up and they were ok. Then product of China with brownish peaches and no flavor. After a while, USA and Greece disappeared and all they have is China now.
I trust china like I trust dems. Not at all.
Can’t find a USA company to invest in?
With the corruption in government and business here, what is the difference. Really now, tell me? The big businesses here are going with the administration on everything.
Great post. Thanks.
Heard some finance guru on radio yesterday say that if Evergrande goes down the whole Chinese economy will collapse..............
gun makers? ammo makers? Any company that employs people in the USA? Preferably employs people in red states. Anything but 100% china.
Gun and ammo producers are going to be shut down. Almost no Americans are willing to fight for our freedoms, simply not willing. Tell me how YOU plan to fix this mess. Well?
I am a huge fan of everyone eating as many mushrooms as possible, because they are literally “life promoting” and have so few calories that anyone on a diet can’t possibly have cause for concern.
The issue I have is that Chinese food is notorious for not being what they claim. Also, HACCP is still largely up to self-reporting.
My wife actually tried selling Chinese food products to major companies, and time after time the test sample was analyzed, then shown to NOT be the quality claimed, bad enough virtually no client even wanted to blend it in. She sold other country’s food products, too, but without issue.
Sometimes “cheap” isn’t enough.
I won’t buy any Chinese food products since they were discovered putting melamine in baby formula to boost the protein profile. Non-China mushrooms are difficult to find.
Mushrooms are not difficult to grow, especially oyster. I just inoculated grain spawn and am eagerly waiting. They taste much better when they’re fresh.
All China’s food products would never meet US food safety standards were they grown in the US the same way they are grown in China.
We are forced to eat Chinese grown food because much of US farms were forced out of business since the 70s, when the War on Natural Resource Harvesters began under Noxious Nixon on the behalf of his new Chinese friends.
Prior to the mid-late 70’s, the US was a net exported of food of all varieties. Food today would be considered uneatable in the 50s and 60s. Most ‘fresh’ foods are virtually tasteless today - taste is one way the human body knows what it is eating and can be more easily digested.
Chinese farms are, like all other Chinese businesses, about making money by cutting corners, using the cheapest possible products, and charging the highest possible price. Any quality is accidental, quantity is the goal. Give a mainland Chinese the choice between two otherwise identical products, one grown in the US and the other grown in China, and they will pick the US one every single time.
Chinese prefer tradition medicine over western medicine because it is cheaper, kills fewer patients and because every western medicine doctor and nurse has to be bribed to get quality care, but only as far as the CCP medical rule books allow. Chinese farms also follow CCP rule books, which are infallible - any divination can cause fault and loss of face.
Such accusations are unfounded many times.
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Only unfounded because of the hoards of CCP paid influencers say so.
Feel free to invest.
Personally I’m avoiding any PRC stocks and buying puts on CQQQ.
Then again I’ve bought extended puts on the SP and QQQ as well recently and already made some cash.
You do you.
You are most welcome! (I like mushrooms! Local and American is best!)
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