Farmmi, Inc. (NASDAQ: FAMI) confirmed that it has joined the powerful National Restaurant Association. The National Restaurant Association, based in Washington, D.C., was established in 1919 and is the premier trade association for the restaurant industry, which includes approximately 1 million restaurants and foodservice outlets and employs 14.5 million people.
The National Restaurant Association is a network of professional organizations dedicated to serving every restaurant via advocacy, education, and food safety, with 52 State Associations. The National Restaurant Association Show, the industry's largest trade show, is sponsored by the Association, which also runs the ServSafe food safety training and certification program and the NRAEF's ProStart unique career-building high school program.
Farmmi's products will now be significantly more accessible as a new member, and we will have far broader market potential. The company aims to significantly increase the number of eligible potential consumers it has access to, including active buyers of organic food and ingredients in the United States, by exporting to the United States.
The company disclosed that its crew is already on the job, having just returned from the National Restaurant Association trade show in 2022, which is noted for bringing together the largest number of restaurant and hospitality customers and equipment manufacturers of any industry event.
In addition, as part of the company’s long-term strategy, it is dedicated to assisting tens of thousands of Chinese farmers in improving their practices, including pesticide reduction, to promote consumer health and the environment. FAMI will accomplish this by collaborating with farmers to develop processes and produce food that meets the FDA's most demanding food quality standards, allowing their products to be accepted by restaurants in the United States.
The company is also contemplating expanding production in the United States, where agricultural production and marketing to other National Restaurant Association members offer competitive advantages. There are numerous prospects ahead of it, and it has already begun discussions with possible supply partners in the United States and Canada.