Nature's Miracle Holding Inc. a supplier of vertical farming technology and infrastructure, has entered into a Memorandum of Understanding with Future Tech Inc. (FTC), an Ohio-based financial technology, data systems and energy integrator company with access to 100MW of electricity in Ohio.
"A deal with FTC allows our company to partner with AI Computing Data Center providers to co-locate vertical farming facilities in places where there is a favorable electricity supply. We should also be able to tap into the indoor growing markets in Ohio, Illinois and Michigan," says James Li, Chairman and CEO of Nature's Miracle.
Both Nature's Miracle and FTC intend to exchange information for the understanding of consummating an equity transaction in which Nature's Miracle will acquire all of the issued and outstanding shares of common stock of FTC from the stockholders of FTC in exchange for shares of common stock of Nature's Miracle. Such transaction is subject to due diligence and ratification by the Board of Directors of Nature's Miracle and certain milestones to be completed by FTC.
For more information:
Nature's Miracle
www.nature-miracle.com