According to the AI Finance app, on Thursday, Farmmi announced that its subsidiary Farmmi USA has reached a strategic cooperation agreement with Mazon Technology. Farmmi hopes that this strategic cooperation will help further develop its warehouse and logistics business, and mentions that this collaboration may bring Farmmi USA $10 million in annual orders.

Farmmi's stock fell more than 10% in pre-market trading on Thursday, and as of the time of writing, the stock has dropped by 5.6%, trading at $0.37.