The target company, based in Chapecó, Santa Catarina, operates as a global trader of commodities including soybeans, sugar, chicken, and beef. By folding these operations into its existing logistics and retail framework, Farmmi seeks to bridge South American agricultural producers with broader international markets. The final acquisition price remains subject to a fair valuation conducted by an independent firm, with payment expected to be settled through the issuance of Farmmi Class A ordinary shares.

CEO Yefang Zhang emphasized that the acquisition is a calculated step toward strengthening the company’s global trade network. Farmmi, which was established in 1998 and primarily known for its edible mushroom products, currently maintains 41,434,077 outstanding Class A shares. Both parties are now moving into the due diligence phase to finalize the definitive terms of the transaction.