NATURE'S MIRACLE HOLDING INC. SIGNS MOU FOR $150 MILLION EPC CONTRACT TO BUILD LARGE-SCALE INDOOR CANNABIS FACILITY IN CALIFORNIA

Nature's Miracle (OTCQB: NMHI) signed an MOU to provide $150 million EPC services to build a large-scale indoor cannabis cultivation facility in California City on 88.38 acres.

Rhea-AI Summary

Nature's Miracle (OTCQB: NMHI) signed an MOU to provide $150 million EPC services to build a large-scale indoor cannabis cultivation facility in California City on 88.38 acres.

The planned development includes ~660,000 sq ft (15 acres) of indoor greenhouse, a 40 MW PV plus BESS off-grid power system (~$0.10/kWh), projected production costs under $200 per pound, and expected completion in 12–18 months.

Positive

• $150 million estimated EPC contract value
• 660,000 sq ft (15 acres) of indoor greenhouse space
• 40 MW photovoltaic system with BESS supplying off-grid power
• Projected production cost of $200 per pound
• Expected project completion within 12–18 months

Negative

• Agreement is an MOU, which may be non-binding and subject to change
• Near-term revenue appears concentrated on a single large project over 12–18 months

Argus Feb 10 session

+21.53% close to close Open Argus

Details

News Market Reaction – NMHI

On Feb 10, the day this news came out, NMHI closed 21.53% above the previous close.

Data tracked by StockTitan Argus for the Feb 10 session.

Key Figures

EPC contract value: $150 million Site size: 88.38 acres Indoor greenhouse area: 660,000 sq ft (15 acres) +4 more

EPC contract value

$150 million

Estimated EPC MOU value for California cannabis facility

Site size

88.38 acres

Total land area for planned facility

Indoor greenhouse area

660,000 sq ft (15 acres)

Planned indoor greenhouse cultivation space

Solar capacity

40 megawatts

Off-grid photovoltaic generation system

Power cost

$0.10 per kWh

Estimated electricity cost from PV and BESS system

Production cost

< $200 per pound

Estimated cannabis production cost target

Construction timeline

12–18 months

Expected project completion window

Historical Context

5 past events · Latest: Feb 04

5 events

1. Feb 04

   Settlement and gain

   24h Move

   -18.4%

   Megaphoton settlement with $6.9M one-time gain and equity issuance.

2. Feb 02

   Debt financing

   24h Move

   -10.4%

   $5M loan secured by Ohio property to refinance debt and fund improvements.

3. Nov 12

   Crypto treasury plan

   24h Move

   -3.6%

   Phased $20M XRP treasury deployment with initial $5M pilot and 24‑month term.

4. Nov 04

   Stablecoin JV

   24h Move

   +0.6%

   Stablecoin JV with Super Point; NMHI to own 51% and invest $400K.

5. Oct 27

   Tokyo office launch

   24h Move

   +2.7%

   Tokyo office opening to pursue tokenization and access institutional investors.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

epc, photovoltaic (pv), battery energy storage system ("bess"), hvac, +1 more

5 terms

epc technical

"to provide engineering, procurement, and construction ("EPC") services for a large-scale"

An EPC (engineering, procurement and construction) contract is a single agreement where a contractor designs a project, buys the materials and builds it, then hands over a finished, ready-to-use facility—much like hiring a general contractor to deliver a completed house. For investors, EPCs matter because they concentrate responsibility for cost, schedule and delivery with the contractor, affecting a company’s revenue visibility, cash needs and exposure to construction or performance risks.

photovoltaic (pv) technical

"an off-grid 40-megawatt photovoltaic (PV) solar generation system, integrated with a"

Photovoltaic (PV) describes technology that turns sunlight directly into electricity using panels made of materials that free electrons when struck by light; think of PV panels like artificial leaves that harvest sunlight to produce usable power. For investors, PV matters because it represents a source of predictable, long‑term revenue or cost savings, influences capital spending and asset values, and is affected by energy prices, government incentives and technology improvements.

battery energy storage system ("bess") technical

"solar generation system, integrated with a battery energy storage system ("BESS")."

A battery energy storage system ("BESS") is a large-scale setup that stores electricity in batteries and releases it when needed, like a giant rechargeable power bank for the grid. Investors care because BESS can smooth out power supply, capture higher prices by selling stored energy when demand spikes, and provide reliability services to utilities, creating multiple revenue streams and reducing risk tied to intermittent energy sources.

hvac technical

"environmental control systems, including HVAC and climate management."

HVAC stands for heating, ventilation and air conditioning — the systems that control temperature, airflow and indoor air quality in buildings. Investors care because HVAC drives operating costs, energy use, tenant comfort and regulatory compliance; like the engine and insulation of a building, efficient modern systems can lower bills, reduce repair and replacement spending, and preserve property value, while outdated units can create unexpected expenses and vacancy risk.

co₂ technical

"including precise regulation of temperature, humidity, and CO₂ levels, supported by"

CO₂ (carbon dioxide) is a colorless gas produced by burning fuels, industrial processes and biological respiration; it acts like a blanket that traps heat in the atmosphere. Investors care because levels of CO₂ drive climate-related rules, taxes and consumer expectations that can raise costs, change demand and alter the value of assets—similar to how a rising thermostat can force someone to change their heating and insulation choices.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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ONTARIO, Calif., Feb. 10, 2026 /PRNewswire/ -- Nature's Miracle Holding Inc. ("Nature's Miracle" or the "Company") (OTCQB: NMHI), a leader in controlled environment agriculture, today announced that it has entered into a Memorandum of Understanding ("MOU") with CCBP Holding LLC ("CCBP") to provide engineering, procurement, and construction ("EPC") services for a large-scale indoor cannabis cultivation facility in California City, California. The total estimated EPC contract value is approximately $150 million.

The planned facility will be situated on 88.38 acres of land, featuring approximately 660,000 square feet (15 acres) of indoor greenhouse space designed for year-round cannabis cultivation. Once completed, the facility is expected to be among the largest indoor cannabis growing operations in California.

The greenhouse will utilize a fully controlled environmental system, including precise regulation of temperature, humidity, and CO₂ levels, supported by advanced indoor grow lighting. This integrated design is intended to deliver consistent, high-quality yields while maximizing operational efficiency.

Power for the facility will be supplied by an off-grid 40-megawatt photovoltaic (PV) solar generation system, integrated with a battery energy storage system ("BESS"). The renewable energy system will primarily support greenhouse supplemental lighting and environmental control systems, including HVAC and climate management. The estimated cost of electricity from the system is expected to be approximately $0.10 per kilowatt-hour.

The advanced cultivation platform is projected to achieve an estimated production cost of less than $200 per pound of cannabis, positioning the facility among the lowest-cost producers in the United States.

Nature's Miracle will serve as the primary EPC provider for the project, which is expected to be completed within 12 to 18 months.

James Li, Chairman and Chief Executive Officer of Nature's Miracle, commented, "We are very pleased with the indoor growing technology and expertise contributed by Dr. Du's team. This project is designed to become a leading cannabis cultivation facility in the country and demonstrates the scalability of large-scale controlled-environment greenhouse operations. Importantly, the project is also expected to generate significant and much-needed revenue for Nature's Miracle over the next 12 to 18 months."

About Nature's Miracle Holding Inc.

Nature's Miracle (www.Nature-Miracle.com) is a growing agriculture technology company providing equipment and services to the Controlled Environment Agriculture ("CEA") industry, including vertical farming in North America. Through its two wholly-owned subsidiaries, Visiontech Group, Inc. and Hydroman, Inc., Nature's Miracle provides grow lights and hydroponic products to hundreds of indoor growers. The Company also maintains a robust pipeline to build commercial-scale greenhouses to meet the growing demand for fresh, local produce in North America. 

Important Information About Press Release

This press release includes information about the MOU. Other than specific provisions in the MOU, the MOU deal points, including the structure of the acquisition and the consideration to be offered, among other things, are not binding. This press release is intended to show the willingness of the parties to fulfill plans that complement their businesses. A transaction is final only upon the signing of a definitive agreement.

This press release contains the Chairman and Chief Executive Officer comments. Such comments do not signify a guaranteed entry in the field of EPC for indoor growing facilities.

This press release contains information about Soft Gold LLC, its related business entities and their potential project in California City. Such information was provided to us by Soft Gold. An alternative entity can end up signing the EPC deal with the Company or none if the talks don't consummate into a services and procurement agreement.

This press release does not contain all the information that should be considered concerning the stock of Nature's Miracle, its warrants, and its related businesses. The press release is not intended to form the basis of any investment decision or any other decision in respect to the securities of Nature's Miracle. More information can be obtained by writing directly to Nature's Miracle Holding Inc., 3281 E. Guasti Rd.#175., Ontario, CA 91761, attention Investor Information or the Chief Financial Officer.

Forward-looking Statements

Except for historical information contained herein, this press release contains certain "forward-looking statements" within the meaning of the federal U.S. securities laws with respect to the MOU and business of Nature's Miracle; other future references such as the anticipated synergies resulting from the transactions contemplated by the MOU,  the services and markets of Nature's Miracle, our expectations regarding future growth, results of operations, performance, future capital and other expenditures, competitive advantages, business prospects and opportunities, future plans and intentions, results, level of activities, performance, goals or achievements or other future events. These forward-looking statements generally are identified by words such as "anticipate," "believe," "expect," "may," "could," "will," "potential," "intend," "estimate," "should," "plan," "predict," or the negative or other variations of such statements, reflect our management's current beliefs and assumptions and are based on the information currently available to our management. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual results or developments to differ materially from those expressed or implied by such forward-looking statements, including but not limited to: (i) the risk that the business and revenue prospects of Nature's Miracle may not materialize which may adversely affect the price of Nature's Miracle's securities; (ii) the occurrence of any unforeseen event that would impact continued listing of Nature's Miracle's securities on the Nasdaq exchange; (iii) changes in the competitive industries in which Nature's Miracle operates, variations in operating performance across competitors, changes in laws and regulations affecting Nature's Miracle's business and changes in the combined capital structure; (iv) the ability to implement business plans, forecasts and other expectations after the completion of the proposed transactions contemplated by the MOU; (v) the risk of downturns in the market and Nature's Miracle's industry including, but not limited to market prices of indoor grower's produce, transportation costs, competition with outdoor growers and demand in the consumer marketplace. For additional details on the uncertainties that may cause our actual results to be materially different than those expressed in our forward-looking statements, please review our prospectus/proxy statement included in our Registration Statement on Form S-4 on file with the Securities and Exchange Commission at www.sec.gov, particularly the information contained in the section entitled "Risk Factors." Forward-looking statements speak only as of the date on which they are made, and neither Nature's Miracle assume any obligation to update or revise any forward-looking statements or other information contained herein, whether as a result of new information, future events or otherwise. You are cautioned not to put undue reliance on these forward-looking statements. Nature's Miracle does not give any assurance that the Company will achieve its expectations.

Non-solicitation

This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential business combination or any other matter and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Nature's Miracle, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended.

View original content to download multimedia:https://www.prnewswire.com/news-releases/natures-miracle-holding-inc-signs-mou-for-150-million-epc-contract-to-build-large-scale-indoor-cannabis-facility-in-california-302683466.html

SOURCE Nature's Miracle Holding Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the $150 million NMHI EPC MOU mean for shareholders?

It signals a potential near-term revenue stream tied to a large project. According to the company, the MOU values the EPC work at approximately $150 million, which could materially boost revenue if finalized and executed.

How large is the planned California cannabis facility in the NMHI MOU (OTCQB: NMHI)?

The planned site covers 88.38 acres with about 660,000 sq ft of indoor greenhouse. According to the company, the design equals roughly 15 acres of controlled-environment cultivation optimized for year-round growing.

What power and operating cost assumptions does NMHI cite for the project?

The project will use a 40 MW PV system plus BESS with estimated electricity cost of about $0.10/kWh. According to the company, this supports lighting and climate control to lower operating costs.

When does Nature's Miracle expect the EPC project to be completed and produce revenue?

The company expects construction and start-up within 12 to 18 months. According to the company, the timeline targets meaningful revenue generation for Nature's Miracle during that period if the MOU advances to a binding contract.