Nature’s Miracle Plans to Acquire FTI
DENVER, Colo., Mar 20, 2024 (247marketnews.com)- Nature’s Miracle Holding Inc. (NASDAQ:NMHI) stated, this morning, that it signed a Memorandum of Understanding to acquire Future Tech Inc., 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 facility in places where there is favorable electricity supply. We should also be able to tap into the indoor growing markets in Ohio, Illinois and Michigan,” said James Li, Chairman and Chief Executive Officer of Nature’s Miracle.
NMHI is trading at $2.03, up $0.59 (+40.97%), on 880K shares.
Its 52-week range is $1.20 to $11.55 and has mostly traded lower, so probably best to think swing or scalp.
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