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Nature's Miracle Holding Inc. (NASDAQ: NMHI) is a burgeoning leader in the agriculture technology sector, specializing in providing cutting-edge Controlled Environment Agriculture (CEA) hardware products to growers across North America. The company's suite of products includes advanced horticultural lighting, sophisticated irrigation systems, efficient power distribution solutions, climate control systems, and innovative disinfection systems. These products are designed to optimize the operation of indoor growing settings, including greenhouses and vertical farming environments.
The company operates through its two wholly-owned subsidiaries, Visiontech Group, Inc. and Hydroman, Inc., which supply hydroponic products and grow lights to a substantial number of indoor growers in the region. Recently, Nature's Miracle has been making significant strides: on March 19, 2024, James Li, the Chairman and CEO, ceremoniously rang the closing bell at the Nasdaq Market in New York City, celebrating the company’s listing on the Nasdaq Global Market under the symbol 'NMHI' and its warrants on the Nasdaq Capital Market under the symbol 'NMHIW'.
Nature's Miracle is committed to promoting sustainable and efficient indoor farming. Their recent achievements include the development and shipment of the first two customized container farms in the 'MiracleTainer' series to Growterra, LLC. These modular indoor farming containers come equipped with LED grow lights, hydroponic systems, and sensors to monitor and optimize environmental conditions, significantly boosting production yields.
The company's ongoing projects and strategic agreements further underline its growth trajectory. The Memorandum of Understanding (MOU) with Future Tech Inc. aims to integrate AI computing data centers with vertical farming facilities, tapping into new markets in Ohio, Illinois, and Michigan. Additionally, a strategic partnership with Traxon Technologies Limited to distribute OSRAM general lighting luminaires in the U.S. is expected to drive revenue growth, with sales starting in Q3 2024 and projected minimum sales of $8 million by 2026.
Despite the recent cancellation of a planned merger with Agrify Corporation due to unfavorable market conditions, Nature's Miracle continues to focus on its core offerings and expanding its market presence. The company is also engaging international investor relations specialists, MZ Group, to boost its visibility and communicate its strategic milestones to the investment community.
With a mission to reduce carbon emissions, conserve water, and enhance energy efficiency in the CEA industry, Nature's Miracle is well-positioned to lead the next agricultural revolution, offering sustainable, high-yield farming solutions for both urban and traditional agricultural settings.
Nature's Miracle Holding (NASDAQ: NMHI) has closed its previously announced public offering, raising approximately $3 million in gross proceeds. The offering included 25,133,631 units at $0.1118 per unit and 1,700,000 pre-funded units at $0.1117 per unit. Each unit consists of one common stock share, one Series A Warrant, and one Series B Warrant. D. Boral Capital acted as the sole book running manager. The offering was conducted under the company's S-1 registration statements, with the final prospectus available on the SEC's website.
Nature's Miracle Holdings (NASDAQ: NMHI) has announced the pricing of a $3 million public offering. The offering consists of 24,137,360 units at $0.1118 per unit and 2,696,271 pre-funded units at $0.1117 per unit. Each unit includes one common stock share, one Series A Warrant, and one Series B Warrant. The pre-funded units include a pre-funded warrant instead of common stock. D. Boral Capital is acting as the sole book running manager, and the offering is expected to close around November 12, 2024.
Nature's Miracle Holding (NASDAQ: NMHI) announced that its subsidiary Hydroman will be renamed to Hydroman Electric as part of a strategic pivot into the EV market. The company will focus on marketing and distributing electric-powered agriculture and commercial vehicles across the United States and South America. This move aligns with their previous agreement with Robostreet to order approximately 150 electric trucks and represents their initiative to diversify into the electrification economy.
Nature's Miracle Holding (NASDAQ: NMHI) and its subsidiary Visiontech Group announced their participation in the 13th Annual MJBizCon, scheduled for December 3-6, 2024, at the Las Vegas Convention Center. The company will showcase its LED lighting, dehumidifier and indoor growing technologies at Booth 35009 in the North Hall. The Nature's Miracle team will be available to discuss hardware and design components for greenhouse and indoor-growing spaces. MJBizCon is recognized as the leading global cannabis business conference and tradeshow, attracting participants from entrepreneurs to nationwide brands and MSOs.
Nature's Miracle Holding (NASDAQ: NMHI) announced that CEO James Li and CFO George Yutuc will participate in the Noble Capital Markets' 20th Annual Emerging Growth Equity Conference (NobleCon20). The event will take place on December 3-4, 2024, at Florida Atlantic University in Boca Raton, FL. Investors can arrange one-on-one meetings with management through their NobleCon20 representative or by contacting investor relations.
Nature's Miracle Holding (NASDAQ: NMHI) has signed a Cooperation Agreement with Robostreet to acquire 150 LS450 electric trucks, with 40 units scheduled for delivery by end of 2024. The company plans to convert these vehicles into mobile vertical farms for growing micro-greens and herbs in the Los Angeles market. The purchase is expected to be subsidized through California's energy incentive program. Robostreet will provide maintenance support and install charging infrastructure at Nature's Miracle's California warehouse. This initiative aims to create a farm-to-table platform combining vertical farming with clean energy and EV technologies.
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 Inc. (NASDAQ: NMHI), a leader in vertical farming technology, has signed a debt forgiveness agreement with Uninet Global Inc., a related party and supplier to its subsidiary Visiontech Group, Inc. The agreement reduces $2.1 million of outstanding trade payable debt, leaving $577,500 remaining. This move is part of Nature's Miracle's strategy to optimize its capital structure.
The debt reduction will result in a $2.1 million decrease in liabilities and a corresponding increase in stockholder's equity on the company's financial statements. James Li, Chairman and CEO of Nature's Miracle, views this agreement as a vote of confidence in the company's long-term trajectory and expressed gratitude to Uninet Global for the debt forgiveness.
Nature's Miracle Holding Inc. (NASDAQ: NMHI), a leader in vertical farming technology and infrastructure, has announced its participation in the H.C. Wainwright Annual Global Investment Conference. The event will take place at the Lotte New York Palace Hotel in New York City on September 9, 2024.
James Li, Chairman and CEO of Nature's Miracle, is scheduled to present at 1:30pm ET. Investors can access the live presentation through a webcast link available on the company's investor relations website. For those interested in arranging one-on-one meetings with NMHI management, contact can be made via NMHI@mzgroup.us. Registration for in-person attendance at the conference is also available.
Nature's Miracle Holding Inc. (NASDAQ: NMHI), a leader in vertical farming technology and infrastructure, has announced its participation in the upcoming Emerging Growth Virtual Conference. James Li, Chairman and CEO, will deliver a virtual presentation on Thursday, August 22, 2024, at 1:45 PM ET.
Interested parties can register for the live webcast through the provided link or access it via the company's investor relations website. A Q&A session may follow the presentation, with the option to submit questions in advance. An archived version of the webcast will be available on EmergingGrowth.com and their YouTube channel. Investors seeking one-on-one meetings with NMHI management can contact the company's investor relations team.
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