M&A - Nature's Miracle Holding Inc.
Form Type: 10-K
Filing Date: 2025-04-16
Corporate Action: Acquisition
Type: Update
Accession Number: 000121390025032230
Filing Summary: Nature's Miracle Holding Inc. continues to evolve within the agriculture technology industry with its Controlled Environment Agriculture (CEA) products aimed at optimizing indoor growing settings. The company reported revenue of approximately $9.3 million for the fiscal year ended December 31, 2024, which marks growth compared to $8.9 million in the prior year. However, it experienced a gross loss of $2.8 million, up from a gross loss of $0.9 million the previous year. A significant move involves the planned acquisition of 51% of Future Tech Inc. in Ohio, with an investment of $700,000 to kickstart operations, aiming to enhance its portfolio and operational capabilities. The report elaborates on the expanding focus on electric vehicle distribution agreements and future ventures into Bitcoin mining, highlighting a strategic broadening of business interests. Nature's Miracle emphasizes its commitment to sustainability and ESG trends, underlining the performance benefits of indoor farming compared to traditional agricultural methods.
Additional details:
Business Overview: Nature's Miracle is an agriculture technology company providing Controlled Environment Agriculture (CEA) products, including hardware for indoor growing.
Market Position: The company primarily serves the North American market with a robust customer base in the U.S. and Canada.
Financial Performance: For the fiscal year ended December 31, 2024, Nature's Miracle reported revenues of approximately $9.3 million with a gross loss of approximately $2.8 million.
Acquisition Detail: The company plans to acquire 51% of Future Tech Inc. in Ohio and has invested $700,000 to support the start of operations.
Business Strategy: Nature's Miracle aims to expand into electric vehicle distribution and data center-related businesses, including Bitcoin mining.
Esg Focus: The company highlights its commitment to sustainability, emphasizing reduced resource usage, improved food supply transparency, and a decreased carbon footprint through indoor farming practices.
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