11:17 AM EDT, 10/28/2024 (MT Newswires) -- Nature's Miracle Holding (NMHI) said Monday it struck a deal to buy 150 LS450 electric trucks from Robostreet to launch its mobile vertical farming business in California.

Financial terms weren't disclosed.

Nature's Miracle said it expects to receive 40 of the electric trucks by the end of this year and the rest will be delivered within one year. These trucks will be converted into Mobile E Farms to grow microgreens and herbs, it added.

Robostreet will provide a photovoltaic and energy storage integrated charging station and other resources required to maintain the electric trucks. It also agreed to help assist Nature's Miracle, through a third-party agency, in applying for California's incentive program to fund the purchase.

Shares of Nature's Miracle were down 7.3% in recent trading.

Price: 0.14, Change: -0.01, Percent Change: -7.34