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ONTARIO, Calif. - Nature’s Miracle Holding Inc. (OTCQB:NMHI), a micro-cap company with a market capitalization of $7.09 million, has signed a Letter of Intent to acquire a $20 million carbon credit portfolio from Taiwan-based Carbon Credit Corporation, the company announced Monday. According to InvestingPro data, while the company has faced challenges with a -95.77% year-to-date return, analysts expect net income growth in the coming year.
The portfolio represents approximately one million metric tons of CO2 emission reduction, primarily from hydroelectric and methane projects in Asia and South America. The credits are registered with Verra under the Verified Carbon Standard Program. While the company’s stock has shown high price volatility, InvestingPro analysis suggests the stock is currently undervalued, with 12 additional exclusive insights available to subscribers.
According to the press release, Nature’s Miracle plans to develop tokenized carbon credit products using XRP ledger technology. The company will issue shares to acquire the portfolio, with the definitive acquisition agreement expected within 30 days.
"We are very excited to acquire this $20 million Carbon Credit portfolio and are looking forward to utilizing XRP Ledger to create tokenized carbon assets," said Tie "James" Li, Chairman and CEO of Nature’s Miracle.
Ting Chen Kao, CEO of Carbon Credit Capital, stated that the tokenized carbon product "will enhance the accessibility, liquidity and accountability of the carbon credit trading."
The carbon credits could help address regulatory requirements such as the EU Carbon Border Adjustment Mechanism and the US Clean Competition Act, according to the company statement.
Nature’s Miracle, which primarily provides products and services to growers in the Controlled Environment Agriculture industry, has recently announced initiatives to incorporate XRP technologies into its business operations.
Based on information provided in the company’s press release, the global carbon credit market could reach $35 billion by 2030, according to MSCI research. Despite current financial metrics showing negative EBITDA of -$10.21 million, InvestingPro data indicates analysts anticipate sales growth in the current year, potentially positioning the company to capitalize on this expanding market.
In other recent news, Nature’s Miracle Holding Inc. has completed a debt-to-equity conversion with several of its executives and a noteholder. CEO Tie (James) Li, President Zhiyi Zhang, and CFO George Yutuc converted unpaid wages into shares of the company, with Mr. Li converting $673,476 into 5,160,739 shares, Mr. Zhang converting $406,691 into 3,111,408 shares, and Mr. Yutuc converting $52,083 into 399,106 shares. Additionally, Big Lake Capital, an investment company led by CEO Tie Li, converted a $678,290 note into 3,425,706 shares. These conversions were based on trading prices of $0.1305 and $0.1980 per share, respectively.
Furthermore, Nature’s Miracle announced plans to establish a Corporate XRP Treasury program worth up to $20 million. This initiative will be funded through equity financing provided by GHS Investments, following the recent effectiveness of a Registration Statement on Form S-1 by the SEC. These developments reflect ongoing financial and strategic maneuvers by the company to enhance its capital structure and explore new financial avenues.
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