Markets
Farmmi Launches Specialized Chinese New Year Mushroom Gift Boxes
Farmmi, Inc. (“Farmmi” or the “Company”) (NASDAQ: FAMI), an agriculture products supplier in China, today announced the Company’s subsidiary, Zhejiang Forest Food Co., Ltd., has launched its specialized Chinese New Year mushroom gift boxes and has started to receive orders for these gift boxes. One of the larger initial orders is from a long-term, multi-channel customer, with over 100 retail stores in China and Canada, and a major export business.
Ms. Yefang Zhang, Farmmi’s Chairwoman and CEO, commented, “This is another great example of how we add value to our customers and help drive mutual growth. Our highly attractive Chinese New Year gift boxes were thoughtfully designed to convey positive wishes for health and prosperity in the New Year, with a foundation in healthy daily living and a sound diet. Mushrooms, with all of their potential health benefits, excellent taste and ease of use in countless recipes, are the perfect symbol and food staple. We are very pleased with the positive response from customers for our festive gift boxes and expect to benefit from additional orders in advance of the coming Chinese New Year.”
About Farmmi, Inc.
Headquartered in Lishui, Zhejiang, Farmmi, Inc. (NASDAQ: FAMI), is a leading agricultural products supplier, processor and retailer of Shiitake mushrooms, Mu Er mushrooms, other edible fungi, and many other sought-after agricultural products. For further information about the Company, please visit: http://ir.farmmi.com.cn/.
Forward-Looking Statements
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including the potential impact of COVID-19 on our business within and outside of China. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.
SOURCE Farmmi, Inc.
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- Electric Vehicles Are on Fire - January 28, 2021
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- Worksport Announces raising over US$2,000,000 in Regulation-A Offering to Date. - January 28, 2021
The incoming Biden administration is planning to pump $2 trillion into renewable energy infrastructure and EVs play a big role in a greener future. Shares of largest EVs are still going up even after epic gains in 2020. Nio’s (NYSE:NIO) stock rose about 6 percent on Friday and it is now the world’s fifth most valuable carmaker with market value of approximately $100 billion. Moreover, three of the top five most valuable automakers are EV makers, namely Tesla (NASDAQ: TSLA), BYD (OTC: BYDDF) and NIO Limited.
Tesla has gained over 700% in a year, while Chinese Nio has soared over 1,300%. Larger EV firms are going up, Lordstown Motors (NASDAQ: RIDE), Workhorse (NASDAQ: WKHS) and CIIC Merger (NASDAQ: CIIC) which is merging with Arrival that is soon to be listed as ARVL on the NASDAQ are all up 9% on average. Arrival plans to have its electric buses in production by the end of this year with electric commercial vans to follow in 2022.
Small caps
But small caps are rising as well with Electramecania Vehicles (NASDAQ: SOLO), Greenpower Motor (NASDAQ: GP), Kandi Technologies (NASDAQ: KNDI) and Arcimoto (NASDAQ: FUV) combined having a market cap of approximately $2.6 billion.
Worksport
The manufacturer of solar-powered tonneau covers for pickup trucks, Worksport Ltd (OTC: WKSP) just announced it raised well over $2 million from its Regulation A public offering. The offering can remain open until November 2021 but the company already achieved 50% of the target amount, with its first million being reported earlier this month. The capital raised is to be used for expeditious growth, R&D, inventory and brand development. Management is also considering acquisitions and partnerships to fuel additional growth. As a reminder, Worksport recently added another trademark protection for its TerraVis COR™ mobile battery system under its belt. Although it is an extension of TerraVis solarsystem, it can be used independently from tonneau covers. Worksport is not only the first in the industry with its ground-breaking solar technology, but it has now also opened another door for consumers.
Rivian
Rivian Automotive LLC just scored another huge cash investment of $2.65 billion and is now valued at $27.6 billion. Being backed by Ford (NYSE: F) who invested $500 million and supported by Amazon (NASDAQ: AMZN) for which it is making electric vans, Rivian is on a roll as it plans to bring the first electric pickup truck to the market. Rivian has racked up billions of dollars in investments and its R1T electric pickup truck and R1S three-row SUV have already proved their impressive specs in testing road trips across multiple countries.
The EV sector is up about 17% year to date on average, adding about $220 billion in market value, which is roughly the market cap of Toyota Motor (NYSE:TM). It doesn’t seem to matter if companies are small or large, EV exposure is what investors want.
This article is not a press release and is contributed by a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full disclosure. IAM Newswire does not hold any position in the mentioned companies. Press Releases – If you are looking for full Press release distribution contact: press@iamnewswire.com Contributors – IAM Newswire accepts pitches. If you’re interested in becoming an IAM journalist contact: contributors@iamnewswire.com
- Electric Vehicles Are on Fire - January 28, 2021
- Apple’s First Ever $100 Billion Quarter - January 28, 2021
- Worksport Announces raising over US$2,000,000 in Regulation-A Offering to Date. - January 28, 2021
On the wings of iPhone 12 sales, Apple (NASDAQ: APPL) delivered its first and largest quarter of all time, crossing the symbolic 100 billion mark in one quarter. This is the YoY increase of sales for 21%. This is the company’s first quarter after introducing iPhone 12 family (the iPhone 12 mini, the iPhone 12, the iPhone 12 Pro, and the iPhone 12 Pro Max). But not only iPhone sales went up. Every other Apple’s product category showed an increase in double-digit percentages. Still, the main culprits for this sale super-cycle are the first 5G iPhone and the lockdown, so many consumers which held their older phones for some time just waited for the moment to upgrade to the latest mobile connectivity technology.
Q1 2021 results
In its fiscal Q1 2021, Apple managed to achieve revenues of $111.44 billion, instead of the estimated $103.28 billion. This is an increase of 21% YoY. Even the later start of sale of iPhone 12 and the closing of several retail locations due to the COVID-19 pandemic could not harm the all-time high iPhone sales that amounted to $65.6 billion. The previous record was achieved in the fiscal Q1 of 2018, when the iPhone sales reached $61.58 billion. Earnings per share were $1.68, while the estimate was $1.41. All other product categories also performed well. Service revenues were up 24% YoY, iPad revenues increased 41%, Mac revenues hopped 21%, and the story goes on. The gross margin was 39.8% which is much better than the expected 38%.
Facebook (NASDAQ: FB) also delivered earnings beat with its fourth quarter results but the social media giant warned of impact from Apple privacy changes that are part of the iOS14 package. These looming changes along with a reversal in pandemic trends could harm its advertising business. Although its userbase in Europe increased from 305 million to 308 million daily active users, it fell In the U.S. and Canada, to 195 million daily active users from 196 million a quarter earlier which is why the company will be taking steps to reduce the political content on its platform.
Outlook
Although Apple did provide any guidance for the undergoing quarter, this has been the case since the pandemic started. Even with the lack of forecasts, the results speak for themselves. As its FAANG and tech peers, Apple had benefited from the pandemic as more and more people had to work or study from home. Not to mention that new Apple products don’t come that often and the pandemic has taken away a lot of pleasures we get to enjoy in, so Apple is well set to ride this super sale wave.
This article is not a press release and is contributed by a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full disclosure. IAM Newswire does not hold any position in the mentioned companies. Press Releases – If you are looking for full Press release distribution contact: press@iamnewswire.com Contributors – IAM Newswire accepts pitches. If you’re interested in becoming an IAM journalist contact: contributors@iamnewswire.com
- Electric Vehicles Are on Fire - January 28, 2021
- Apple’s First Ever $100 Billion Quarter - January 28, 2021
- Worksport Announces raising over US$2,000,000 in Regulation-A Offering to Date. - January 28, 2021
TORONTO – January 28, 2021 — Worksport Ltd (OTC: WKSP) (or the “Company”) is announcing that, to date, it has now raised over US$2 Million from its Regulation A offering. The offering can remain open until November 2021 but with over 50% of the target amount already received, the Company expects to close the offering before that time due to the better then expected interest and support. The Company had announced raising its first US$1,000,000 earlier this month. The capital raised in this second milestone tranche is to be used for expeditious growth, research and development, inventory and brand development. Worksport management is also considering acquisitions and partnerships as a strategic means of future additional growth.
“The overwhelming positive response to the Regulation A offering and attracting over one half of the target amount so quickly after it was available demonstrates that the Company lives up to its word and is meeting the many milestones that we set out to achieve – and did achieve — since inception,” said Worksport CEO Steven Rossi. “The offering’s success has been very gratifying, and we are deeply appreciative of the many individuals who invested and share our vision of a bright future.”
Worksport management will be disclosing details on plans for new projects as well as details on milestones relating to its conventional product lineup, and new team members in the near future.
Worksport’s Regulation A offering is still open at www.invest.worksport.com – any interested investors are encouraged to participate in this opportunity before it closes. Minimum investment is $500, and all securities purchased are registered and tradeable. Investors have an opportunity to purchase one common share and one 12-month warrant, directly from the Company. Investors are encouraged to view the company’s newest investor presentation at: https://presentation.worksport.com/
Any interested investors or shareholders are also encouraged to follow the company’s social media accounts on Twitter, Facebook, LinkedIn, and Instagram, as well as sign up for the company’s newsletters on both www.worksport.com and www.goterravis.com, to stay up to date on all of the latest news. Worksport will continue to update shareholders, supporters, and investors to maintain the highest level of disclosure and information dissemination as Worksport continues to grow and develop at a very rapid pace.
About Worksport Ltd.
Worksport Ltd., an innovative manufacturer of high quality, functional, and aggressively priced tonneau covers for light trucks like the F150, Sierra, Silverado, Canyon, RAM, and Ford F-Series. For more information, please visit www.worksport.com. Currently listed on the OTCQB Market under the trading symbol “WKSP.”
Connect with Worksport:
For further information please contact:
Mr. Steven Rossi
CEO & Director
Worksport, Ltd
T: 1-888-554-8789
E: srossi@worksport.com
Forward-Looking Statements
This document may contain forward-looking statements, relating to Worksport, Ltd. operations or to the environment in which it operates, which are based on Franchise Holdings International Inc. operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, and/or are beyond Worksport, Ltd.’s ’s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking statements. Worksport, Ltd. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No Stock Exchange or Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
- Electric Vehicles Are on Fire - January 28, 2021
- Apple’s First Ever $100 Billion Quarter - January 28, 2021
- Worksport Announces raising over US$2,000,000 in Regulation-A Offering to Date. - January 28, 2021
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