Nature's Miracle, a leader in the controlled environment agriculture industry, enters into MOU with UFO to establish Farm-to-Fork vertical farms with stores across America

Nature's Miracle Holdings Inc. ("Nature's Miracle"), announced that it has entered into a Memorandum of Understanding ("MOU") with "UFO" (Urban Farm Organization) to open indoor farms with stores in urban areas of America that serve farm-to-fork fresh vegetables to local populations.  Under the MOU, Nature's Miracle will provide technical expertise to design and build vertical farms as well as offer hardware and software to complete the construction within an urban setting. The UFO organization is identifying urban locations suitable for indoor farms and advising on obtaining private and public financing to build such facilities. Initial pilot projects include converting a 15,000-square foot retail space and a 50,000-square foot building in Los Angeles into UFO branded vertical farms and stores. In addition, both sides are working on a pilot project with USC/Keck Hospital at Verdugo Hills as the first vertical farm at a hospital.

Management Comments

"We are excited to partner with UFO in introducing vertical farming solutions to urban America." said Tie "James" Li, Founder, Chairman and Chief Executive Officer of Nature's Miracle. "A vertical farm located in America's cities and population centers will bring fresh and affordable and vegetables to local markets. These facilities are intended to reduce transportation costs for America's food supplies to urban areas and reduce carbon emissions."

"By partnering with Nature's Miracle, a leading Controlled Environment Agriculture company, we feel we will be better able to turn our vision into reality." said George Goldstein, CEO and founder of UFO Urban Farm Organization. "By bringing the vertical farm to under-utilized commercial real estate, we hope to increase the value of the commercial properties in addition to offering sustainable food supplies to urban populations."