Nature's Miracle Holding Inc. Launches Wholly Owned Subsidiary, NM Rebate Inc. to Complement Core LED Lighting Segment
Nature's Miracle Holding (NASDAQ: NMHI) has launched NM Rebate Inc., a wholly owned subsidiary focused on energy rebate financing. The new division will help commercial vertical farming customers offset LED lighting installation costs through utility company rebates enabled by the Inflation Reduction Act.
The program partners with financial institutions to provide rebate financing for commercial indoor growers nationwide. This initiative complements Nature's Miracle's core business as an LED light distributor for commercial vertical farming, aiming to reduce capital expenditure and improve customers' bottom line performance while promoting energy-efficient lighting adoption.
Nature's Miracle Holding (NASDAQ: NMHI) ha lanciato NM Rebate Inc., una controllata interamente posseduta focalizzata sul finanziamento di rimborsi energetici. La nuova divisione aiuterà i clienti nel settore dell'agricoltura verticale commerciale a compensare i costi di installazione dell'illuminazione a LED attraverso i rimborsi delle aziende di sussidi energetici attivati dall'Inflation Reduction Act.
Il programma collabora con istituzioni finanziarie per fornire finanziamenti per rimborsi agli operatori commerciali di coltivazione indoor in tutto il paese. Questa iniziativa integra il core business di Nature's Miracle come distributore di luci a LED per l'agricoltura verticale commerciale, mirando a ridurre le spese in conto capitale e migliorare le prestazioni economiche dei clienti, promuovendo allo stesso tempo l'adozione di illuminazione a risparmio energetico.
Nature's Miracle Holding (NASDAQ: NMHI) ha lanzado NM Rebate Inc., una filial de propiedad total centrada en el financiamiento de reembolsos energéticos. La nueva división ayudará a los clientes de agricultura vertical comercial a compensar los costos de instalación de iluminación LED a través de los reembolsos de las compañías de servicios públicos habilitados por la Ley de Reducción de la Inflación.
El programa se asocia con instituciones financieras para proporcionar financiamiento de reembolsos a los cultivadores comerciales de interiores en todo el país. Esta iniciativa complementa el negocio principal de Nature's Miracle como distribuidor de luces LED para la agricultura vertical comercial, con el objetivo de reducir el gasto de capital y mejorar el rendimiento económico de los clientes, al tiempo que promueve la adopción de iluminación eficiente en energía.
Nature's Miracle Holding (NASDAQ: NMHI)는 NM Rebate Inc.를 출범시켰습니다. 이 회사는 에너지 리베이트 금융에 중점을 둔 완전 소유 자회사입니다. 새로운 부서는 고객이 인플레이션 감축법에 의해 활성화된 유틸리티 회사의 리베이트를 통해 LED 조명 설치 비용을 상쇄할 수 있도록 도와줄 것입니다.
이 프로그램은 전국의 상업적 실내 재배자에게 리베이트 금융을 제공하기 위해 금융 기관과 파트너십을 맺고 있습니다. 이 이니셔티브는 상업적 수직 농업을 위한 LED 조명 유통업체로서 Nature's Miracle의 핵심 비즈니스를 보완하며, 자본 지출을 줄이고 고객의 수익성을 향상시키는 동시에 에너지 효율적인 조명 채택을 촉진하는 것을 목표로 하고 있습니다.
Nature's Miracle Holding (NASDAQ: NMHI) a lancé NM Rebate Inc., une filiale détenue en totalité axée sur le financement des remises énergétiques. La nouvelle division aidera les clients de l'agriculture verticale commerciale à compenser les coûts d'installation d'éclairage LED grâce aux remises des compagnies d'électricité activées par la loi sur la réduction de l'inflation.
Le programme s'associe à des institutions financières pour fournir un financement de remise aux cultivateurs commerciaux d'intérieur à l'échelle nationale. Cette initiative complète le cœur de métier de Nature's Miracle en tant que distributeur de lumières LED pour l'agriculture verticale commerciale, visant à réduire les dépenses en capital et à améliorer la rentabilité des clients tout en favorisant l'adoption d'éclairages énergétiquement efficaces.
Nature's Miracle Holding (NASDAQ: NMHI) hat NM Rebate Inc. gegründet, eine hundertprozentige Tochtergesellschaft, die sich auf die Finanzierung von Energierrückerstattungen konzentriert. Die neue Abteilung wird kommerziellen Vertical Farming-Kunden helfen, die Installationskosten für LED-Beleuchtung durch Rückerstattungen von Versorgungsunternehmen, die durch das Inflation Reduction Act ermöglicht werden, auszugleichen.
Das Programm arbeitet mit Finanzinstituten zusammen, um Rückerstattungsfinanzierungen für kommerzielle Indoor-Züchter im ganzen Land anzubieten. Diese Initiative ergänzt das Kerngeschäft von Nature's Miracle als LED-Lichtanbieter für kommerzielle Vertical Farming, mit dem Ziel, die Investitionsausgaben zu senken und die Rentabilität der Kunden zu verbessern, während gleichzeitig die Einführung von energieeffizienten Beleuchtungssystemen gefördert wird.
- Launch of rebate financing division could increase LED product sales by reducing customer acquisition costs
- New revenue stream through rebate financing services
- Strategic alignment with government incentives and Inflation Reduction Act benefits
- Potential for improved profit margins through financial services
- None.
Insights
The launch of NM Rebate Inc. represents a strategic expansion that could significantly enhance Nature's Miracle's market position. By facilitating energy rebates through the Inflation Reduction Act, the company creates a compelling value proposition that addresses two critical pain points for vertical farming customers: high initial installation costs and ongoing energy expenses.
This business model is particularly shrewd as it creates a triple-win scenario: customers benefit from reduced costs, utility companies meet their energy efficiency mandates and Nature's Miracle potentially increases sales while improving margins. The partnership with financial institutions for rebate financing adds credibility and scalability to the program.
However, with a small market cap of
~ Launch of Rebate Division is Expected to Boost Sales and Margins as Program will Offset the Cost of LED Product Installation ~
Due to the Inflation Reduction Act, many utility companies offer rebates to commercial customers who upgrade to more energy efficient lighting, such as LED lights. These rebates can help offset the initial cost of installation and future electric bills. They can also apply to new construction and upgrades, and even LED replacements.
NM Rebate is a complementary business to Nature's Miracle's core business as a distributor of LED lights to the commercial vertical farming space. Within the structure of the rebate program, the Company partners with financial institutions to provide rebate financing for commercial indoor growers across the country.
James Li, CEO of Nature's Miracle, commented, "We are excited to announce Nature's Miracle will provide our North American commercial vertical farming customers with additional rebate support through the institution of a funded energy rebate division as our owned subsidiary, NM Rebate Inc."
He added, "As the cost of energy increases, a discerning commercial vertical farming business will weigh expense reductions that improve bottom line performance though are subject to longer term headwinds to top line growth. NM Rebate Inc. offers a unique energy rebate program as a solution for our commercial LED lighting customers that incentivizes the broad use of energy-efficient lighting, reduces capex and drives output in the vertical farming market. As leaders and visionaries in the space, we look forward to seeing meaningful growth and providing our customers the ability to take advantage of our government's rebate incentive programs."
About Nature's Miracle Holding Inc.
Nature's Miracle (www.Nature-Miracle.com) is a growing agriculture technology company providing equipment and services to growers in the Controlled Environment Agriculture ("CEA") industry which also includes vertical farming in
Forward-Looking Statements
The information in this press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "forecast," "intends," "may," "will," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this press release may include, for example: the intended use of proceeds from the offering; successful launch and implementation of Nature's Miracle's joint projects with manufacturers and other supply chain participants of steel, rubber and other materials; changes in Nature's Miracle's strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects and plans; Nature's Miracle's ability to develop and launch new products and services; Nature's Miracle's ability to successfully and efficiently integrate future expansion plans and opportunities; Nature's Miracle's ability to grow its business in a cost-effective manner; Nature's Miracle's product development timeline and estimated research and development costs; the implementation, market acceptance and success of Nature's Miracle's business model; developments and projections relating to Nature's Miracle's competitors and industry; and Nature's Miracle's approach and goals with respect to technology. These forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing views as of any subsequent date, and no obligation is undertaken to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. As a result of a number of known and unknown risks and uncertainties, actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include: the ability to maintain the listing of the Company's shares on Nasdaq; changes in applicable laws or regulations; the effects of the coronavirus (COVID-19) and any future outbreaks on Nature's Miracle's business; the ability to implement business plans, forecasts, and other expectations, and identify and realize additional opportunities; the risk of downturns and the possibility of rapid change in the highly competitive industry in which Nature's Miracle's operates; the risk that Nature's Miracle's and its current and future collaborators are unable to successfully develop and commercialize Nature's Miracle's products or services, or experience significant delays in doing so; the risk that the Company may never achieve or sustain profitability; the risk that the Company will need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all; the risk that the Company experiences difficulties in managing its growth and expanding operations; the risk that third-party suppliers and manufacturers are not able to fully and timely meet their obligations; the risk that Nature's Miracle's is unable to secure or protect its intellectual property; the possibility that Nature's Miracle's may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties described in Nature's Miracle's filings from time to time with the SEC.
Contacts
George Yutuc
Chief Financial Officer
George.Yutuc@nature-miracle.com
MZ North America
Shannon Devine / Rory Rumore
Main: 203-741-8811
NMHI@mzgroup.us
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SOURCE Nature's Miracle Holding Inc.
FAQ
What is Nature's Miracle's (NMHI) new subsidiary NM Rebate Inc.?
How does NMHI's new rebate program benefit vertical farming customers?
What is the connection between NMHI's rebate program and the Inflation Reduction Act?
