Pinnacle Food Group Ltd. Reports 83% Revenue Increase from Smart Farming Systems Sales in 2024, Driven by Canadian and New Zealand Markets
Reuters
Jul 16
<a href="https://laohu8.com/S/PFAI">Pinnacle Food</a> Group Ltd. Reports 83% Revenue Increase from Smart Farming Systems Sales in 2024, Driven by Canadian and <a href="https://laohu8.com/S/NZERF">New Zealand</a> Markets
Pinnacle Food Group Ltd., a Canada-based provider of smart farming solutions, reported its financial results for the fiscal year ending December 31, 2024. The company generated revenues of US$2.7 million from its smart farming systems, primarily from sales to distributors in Canada and New Zealand. This marks a significant increase compared to the previous year, as the smart farming business was launched in 2023, with New Zealand accounting for US$1.7 million and Canada for US$2.7 million of the 2024 revenues. There were no revenues from smart farming systems in 2022. The company did not provide specific figures for net income or loss in the reported period. Pinnacle Food Group's primary focus remains on promoting sustainable food security through vertical and hydroponic farming systems. The company did not offer any specific financial outlook or guidance in the report.
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