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Stock impact report

Nature's Miracle Announces Agreement to Distribute Gro-Med Substrate Products

Nature's Miracle Holding Inc. (NMHI) 
Company Research Source: PR Newswire
~  Nature's Miracle Authorized as Exclusive U.S. Distributor of Gro-Med's Line of Coco Coir Substrate Products ~ONTARIO, Calif., June 13, 2024 /PRNewswire/ -- Nature's Miracle Holdings Inc. (NASDAQ: NMHI) ("Nature's Miracle" or the "Company"), a leader in vertical farming technology and infrastructure, today announced that it has signed an agreement with Vaighai Agro Products Ltd. ("Vaighai") to distribute its Gro-Med Line of Coco Coir Substrate products in the U.S.  Vaighai Inc, a subsidiary of Vaighai Agro Products Limited, India, brings over 40 years of expertise in agro-industry to its position as a world leader in manufacturing and exporting coco coir substrates.  Gro-Med, a select brand of Vaighai Inc, specializes in eco-friendly coco coir growing medium products.  With this agreement, Nature's Miracle is allocated exclusive distribution of Vaighai's Gro-Med products within the U.S. effective immediately. Management CommentsJames Li, Chairman and Chief Executive Officer of Natur Show less Read more
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