Nature's Miracle Holding Inc. is an agriculture technology company specializing in Controlled Environment Agriculture hardware products and solutions for indoor growers in North America.

# Nature's Miracle Holding Inc. Overview

## Business Model
Nature's Miracle Holding Inc. is an agriculture technology company focused on providing **Controlled Environment Agriculture (CEA)** hardware products, primarily serving indoor growers in North America. The company specializes in:

- Commercial-grade LED grow lights
- Dehumidifiers
- Growing media
- Indoor grow containers for vertical farming

The company designs, builds, and operates various indoor growing settings and has a significant emphasis on sustainable and efficient agricultural practices.

## Key Products and Innovations
- **Grow Lights**: High-efficiency LED fixtures designed for indoor and greenhouse cultivation.
- **Grow Containers**: Innovative container-sized units functioning as indoor vertical farms, enabling up to **5 containers to equal the output of 10 acres of farmland**.
- **Grow Media**: A diverse range of substrates for effective plant growth, tailored for hydroponic and soilless environments.
- **Energy Rebate Solutions**: Partnering with utility companies to provide customers with energy-saving solutions and rebates.

## Production and Supply Chain
The company operates through two wholly-owned subsidiaries:
1. **Visiontech Group Inc.**: Focuses on lighting solutions for the CEA industry and produces branded products like **eFinity**.
2. **Hydroman, Inc.**: Supplies greenhouse developers and specializes in lighting technology.

Nature's Miracle sources materials globally, mainly from **Asia, Europe**, and **North America**.

## Customer and Market Reach
- **Customer Base**: The company serves approximately **128** customers in 2024, down from **142** in 2023.
- **Revenue**: The company's revenue for the fiscal year ended December 31, 2024, was approximately **$9.26 million**, an increase from **$8.93 million** in 2023, reflecting rising customer demand and the introduction of new product lines.
- **Top Customers**: Accounts for about **51.13%** of total revenue, with the top 5 customers generating approximately **$4.74 million** in 2024.
  
## Financial Performance
- **Gross Loss**: The company incurred a **gross loss** of approximately **$2.80 million** in 2024, up from a loss of **$948,871** in 2023.
- **Operating Loss**: The loss from operations was **$10.35 million** for 2024, a significant increase from **$6.04 million** in 2023.
- **Net Loss**: The net loss expanded to approximately **$13.65 million** in 2024, compared to **$7.34 million** in 2023.

## Workforce and Management
- **Employees**: As of March 31, 2025, the company had **14 full-time employees** and utilized the services of two part-time contractors.
- **Management Team**: Led by experienced professionals with significant backgrounds in finance, marketing, and product development. Key personnel include *Tie (James) Li*, the founder and CEO, and *George Yutuc*, the CFO.

## Future Plans
The company plans to expand its operations into:
1. **Electric Vehicle (EV) Distribution**: Announced distribution agreements in Latin America.
2. **Data Center and Bitcoin Mining**: Investment in **Future Tech Inc.** and other related ventures.
3. **New Product Development**: Continuous enhancement of product offerings and innovation in automated indoor growing systems.

## Conclusion
Nature's Miracle Holding Inc. operates within a growing niche of the agriculture sector, addressing the increasing demand for sustainable and efficient indoor farming solutions. While facing financial challenges, the company's commitment to innovation, partnerships, and new market expansions denotes potential for future growth.

Nature's Miracle specializes in Controlled Environment Agriculture (CEA) hardware products for indoor growers in North America, focusing on efficient and sustainable agricultural technology.

# Nature's Miracle Overview

## Business Model and Offerings
Nature's Miracle is a growing agriculture technology company specializing in Controlled Environment Agriculture (CEA) hardware products for growers in North America. The company provides hardware to design, build, and operate various indoor growing settings, including greenhouses and indoor growing spaces. Its primary offerings include:

- **Grow Lights**: A range of lighting products including:
  - **LED Fixtures**: Full-spectrum LED lights for all growth stages.
  - **HPS and CMH Fixtures**: Suitable for flowering stages in indoor cultivation.
  - **Electronic Ballasts and Control Boxes**: For automating lighting systems.
- **Growing Media Products**: Such as rockwool cubes sourced from Cultiwool, known for their superior water retention and aeration properties.

## Subsidiaries
The company operates through two wholly-owned subsidiaries:
- **Visiontech Group Inc.**: Focuses on grow lighting solutions.
- **Hydroman Inc.**: Offers growing media and related products.

## Manufacturing and Facilities
- Nature's Miracle is establishing its first manufacturing center for grow lights in Manitoba, Canada, with plans for additional facilities throughout North America.
- Currently uses two warehouses across the U.S. for logistics and distribution, with a total warehouse space of over **36,599 square feet**.

## Financial Performance
- **Revenue**:
  - 2023: Approximately **$8.9 million**.
  - 2022: Approximately **$18.6 million**.
- **Gross Loss**:
  - 2023: Approximately **$0.9 million**.
  - 2022: Gross profit of **$1.7 million**.
  
## Customer Base and Sales
- Nature's Miracle has a **robust customer base** in the U.S. and Canada, primarily selling directly to wholesale CEA distributors.
- **Top Customers**: Five top customers accounted for **45.64%** of total revenues in 2023, with:
  - **Elevated Equipment Supply** leading with **$1.17 million** in sales.
  
## Workforce
- The company employs a total of **12 full-time employees** and utilizes the services of **two part-time contractors**.
  
## Market Trends and Positioning
- Nature's Miracle aims to address the growing need for fresh and local vegetable products through efficient and sustainable CEA technologies, emphasizing year-round crop supply and reduced resource consumption.
- The company plans to expand its operations and product offerings, transitioning to provide turnkey solutions for indoor farming facilities in the future.

## Core Competitive Strengths
- Focus on product efficiency and quality with its branded “eFinity” grow lights.
- Strong management team with experience in the agriculture and technology sectors, enhancing operational capabilities and business development.

Nature's Miracle is positioned to capitalize on the expanding market for indoor agricultural technologies, amid favorable trends in sustainability and food security.

Nature's Miracle Holding Inc.

10-K / April 16, 2025

10-K / April 16, 2024

10-K / April 16, 2025

Nature's Miracle Holding Inc. Overview

Business Model

Key Products and Innovations

Production and Supply Chain

Customer and Market Reach

Financial Performance

Workforce and Management

Future Plans

Conclusion