Shares of This Micro Cap Surge on EPC Contract to Build One of California's Largest Cannabis Greenhouses

2026-02-10 11:09:36 ET

On a risk-on day for the broader markets, one micro-cap stock is seeing outsized gains following the announcement of a Memorandum of Understanding (MOU) to provide construction-related services for what is set to become one of the largest indoor cannabis facilities in California. For a company with a market cap under $1 million, news of this scale sent shares surging during today’s trading session.

Nature's Miracle Holding Inc. (OTCQB: NMHI) , a leader in controlled environment agriculture, has announced a MOU with CCBP Holding LLC to provide engineering, procurement, and construction (EPC) services for a large-scale indoor cannabis cultivation facility in California City, California. The contract is valued at approximately $150 million. The planned site spans 88.38 acres, including around 660,000 square feet (15 acres) of indoor greenhouse space, and is expected to become one of the largest indoor cannabis operations in the state once completed.

The facility will feature a fully controlled environment, with precise regulation of temperature, humidity, and CO? levels, along with advanced indoor lighting to optimize yield and operational efficiency. Power will be supplied by an off-grid 40-megawatt solar photovoltaic system integrated with battery storage, supporting lighting and climate control at an estimated electricity cost of $0.10 per kilowatt-hour. With projected production costs under $200 per pound of cannabis, the operation is positioned among the lowest-cost producers in the U.S. Nature's Miracle will act as the primary EPC provider, targeting completion 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."

Shares of NMHI are currently up 37.15% at $0.0395 in late-morning trading.

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