VANCOUVER, BC / ACCESS Newswire / July 15, 2026 / Pinnacle Food Group Limited (NASDAQ:PFAI) (&#34;Pinnacle Food&#34; or the &#34;Company&#34;), a technology-driven company operating at the intersection of smart farming

<p><strong id="dateline">VANCOUVER, BC / <a href='https://www.accessnewswire.com/'>ACCESS Newswire</a> / July 15, 2026 / </strong>Pinnacle Food Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/PFAI">PFAI</a>) ("Pinnacle Food" or the "Company"), a technology-driven company operating at the intersection of smart farming and bioengineering, today announced the completion of a key project development milestone and the formal commencement of construction of a commercial-scale microalgae-based astaxanthin production facility for Bei Harvest Ltd. ("Bei Harvest") in British Columbia, Canada.</p><p>In April 2026, Pinnacle Food entered into an agreement with Bei Harvest for the phased development and delivery of a turnkey facility designed to support the commercial cultivation of microalgae and the production of astaxanthin. Astaxanthin is a naturally occurring carotenoid used in dietary supplements, functional foods, cosmetics and other applications.</p><p>The aggregate revenue for the Company from the project is expected to be approximately US$10 million, subject to the final project scope and execution. Phase I, which encompasses planning and development, is valued at approximately US$4 million, as previously disclosed in the Company's 2025 Annual Report. Phase II, which encompasses construction of the project, is valued at approximately US$6 million.</p><p>As the project developer and general contractor, Pinnacle Food is responsible for coordinating the facility's design, engineering, construction and systems integration. The facility is expected to incorporate advanced photobioreactor ("PBR") cultivation systems within a fully enclosed, precision-controlled environment designed for commercial-scale microalgae cultivation. The completion of the applicable planning and design work has enabled the project to transition into on-site construction.</p><p>"The transition from technical planning and development to on-site construction represents an important milestone for both Pinnacle Food and Bei Harvest," said Jiulong You, Chief Executive Officer of Pinnacle Food Group Limited. "This project demonstrates our ability to integrate controlled-environment cultivation, engineering and biomanufacturing technologies into commercial infrastructure for the production of high-value biological products."</p><p>"This milestone also advances our strategic expansion into biomanufacturing," Mr. You continued. "By applying our experience in precision-controlled growing environments to commercial microalgae cultivation and astaxanthin production, we aim to help our partners establish scalable production capabilities while further developing Pinnacle Food's business-to-business technology and project-delivery platform."</p><p>About Pinnacle Food Group Limited</p><p>Pinnacle Food Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/PFAI">PFAI</a>) is a technology-driven company operating at the intersection of smart farming and bioengineering. Through its "Dual-Engine" strategy, the Company seeks to combine controlled-environment agricultural technologies with precision fermentation, synthetic biology and related engineering capabilities to support the development and commercialization of high-value biological products. For more information, please visit the Company's website at www.pinnaclefoodinc.com.</p><p>Forward-Looking Statements</p><p>This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. These statements include, but are not limited to, statements regarding the development, construction, installation, commissioning and future operation of the proposed microalgae-based astaxanthin production facility; the anticipated features, capabilities and performance of the facility and its cultivation systems; the timing and completion of Phase I and subsequent stages; the ability of the project to support commercial-scale microalgae cultivation and astaxanthin production; potential demand for astaxanthin and related biological products; and the Company's expansion into biomanufacturing.</p><p>Forward-looking statements are based on current expectations, estimates and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Such risks and uncertainties include, among others, construction delays and cost overruns; the availability and timely delivery of equipment and materials; installation and commissioning challenges; the receipt and maintenance of required permits and regulatory approvals; the ability to achieve anticipated cultivation yields, production output and operating performance; counterparty and financing risks; supply chain disruptions; changes in market demand and pricing; and broader economic and industry conditions.</p><p>Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.</p><p><strong>Investor and Media Contact</strong></p><p><strong>Pinnacle Food Group Limited</strong><br/>Email: <a rel="nofollow" href="mailto:ir@pinnaclefoodinc.com">ir@pinnaclefoodinc.com</a></p><p><strong>SOURCE: </strong>Pinnacle Food Group Limited</p><br/><br/>View the original <a href='https://www.accessnewswire.com/newsroom/en/aerospace-and-defense/pinnacle-food-group-limited-completes-key-development-milestone-and-commences-1191326'>press release</a> on ACCESS Newswire<br/><br/>
      <img src="https://app.accessnewswire.com/img.ashx?id=1191326" width="0" height="0"/>

PFAI

Pinnacle Food Group Limited Completes Key Development Milestone and Commences Construction of Commercial-Scale Microalgae-Based Astaxanthin Facility in Canada

Pinnacle Food Advances Biomanufacturing Facility Milestone with Bei Harvest

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>VANCOUVER, BC / ACCESS Newswire / July 15, 2026 / Pinnacle Food Group Limited (NASDAQ:PFAI) (&amp;#34;Pinnacle Food&amp;#34; or the &amp;#34;Company&amp;#34;), a technology-driven company operating at the intersection of smart farming</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Pinnacle Food Group announced completion of a key development milestone and commenced construction of a commercial-scale microalgae astaxanthin facility for Bei Harvest in British Columbia. The project targets about $10 million in aggregate revenue ($4m Phase I, $6m Phase II), underscoring Pinnacle&#039;s expansion into biomanufacturing and its growing B2B technology platform.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Milestone reached. On-site construction starts for Bei Harvest facility.</li><li>Aggregate revenue: about $10 million. Phase I is $4m; Phase II $6m.</li><li>PBR tech enables commercial microalgae. In a controlled environment.</li><li>Advances Pinnacle&#039;s biomanufacturing expansion. B2B platform gains.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Pinnacle Food Group Limited (PFAI)</strong>: Core project milestone; potential revenue impact from Bei Harvest collaboration.</li><li><strong>Bei Harvest Ltd. (N/A)</strong>: Partner for commercial microalgae astaxanthin facility; potential B2B collaboration.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Corporate Developments: milestone-driven expansion into biomanufacturing within Pinnacle&#039;s tech-driven strategy; relevant for investors tracking project execution and revenue catalysts.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Milestone completion and on-site construction for Bei Harvest facility.</li><li>Projected aggregate revenue of ~US$10 million with Phase I/II breakdown.</li><li>Strategic biomanufacturing expansion aligns with Pinnacle&#039;s Dual-Engine strategy.</li><li>Execution risk includes construction delays, permits, and supply-chain constraints.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Date: July 15, 2026.</li><li>April 2026: Agreement with Bei Harvest for phased development.</li><li>Phase I value: ~US$4 million; Phase II: ~US$6 million.</li><li>Aggregate project revenue: ~US$10 million.</li><li>Location: British Columbia, Canada.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Bullish over the next 6–12 months on milestone progress and potential revenue from the Bei Harvest project.</p>
  </section>
</section>


<p><strong id="dateline">VANCOUVER, BC / <a href='https://www.accessnewswire.com/'>ACCESS Newswire</a> / July 15, 2026 / </strong>Pinnacle Food Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/PFAI">PFAI</a>) ("Pinnacle Food" or the "Company"), a technology-driven company operating at the intersection of smart farming and bioengineering, today announced the completion of a key project development milestone and the formal commencement of construction of a commercial-scale microalgae-based astaxanthin production facility for Bei Harvest Ltd. ("Bei Harvest") in British Columbia, Canada.</p><p>In April 2026, Pinnacle Food entered into an agreement with Bei Harvest for the phased development and delivery of a turnkey facility designed to support the commercial cultivation of microalgae and the production of astaxanthin. Astaxanthin is a naturally occurring carotenoid used in dietary supplements, functional foods, cosmetics and other applications.</p><p>The aggregate revenue for the Company from the project is expected to be approximately US$10 million, subject to the final project scope and execution. Phase I, which encompasses planning and development, is valued at approximately US$4 million, as previously disclosed in the Company's 2025 Annual Report. Phase II, which encompasses construction of the project, is valued at approximately US$6 million.</p><p>As the project developer and general contractor, Pinnacle Food is responsible for coordinating the facility's design, engineering, construction and systems integration. The facility is expected to incorporate advanced photobioreactor ("PBR") cultivation systems within a fully enclosed, precision-controlled environment designed for commercial-scale microalgae cultivation. The completion of the applicable planning and design work has enabled the project to transition into on-site construction.</p><p>"The transition from technical planning and development to on-site construction represents an important milestone for both Pinnacle Food and Bei Harvest," said Jiulong You, Chief Executive Officer of Pinnacle Food Group Limited. "This project demonstrates our ability to integrate controlled-environment cultivation, engineering and biomanufacturing technologies into commercial infrastructure for the production of high-value biological products."</p><p>"This milestone also advances our strategic expansion into biomanufacturing," Mr. You continued. "By applying our experience in precision-controlled growing environments to commercial microalgae cultivation and astaxanthin production, we aim to help our partners establish scalable production capabilities while further developing Pinnacle Food's business-to-business technology and project-delivery platform."</p><p>About Pinnacle Food Group Limited</p><p>Pinnacle Food Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/PFAI">PFAI</a>) is a technology-driven company operating at the intersection of smart farming and bioengineering. Through its "Dual-Engine" strategy, the Company seeks to combine controlled-environment agricultural technologies with precision fermentation, synthetic biology and related engineering capabilities to support the development and commercialization of high-value biological products. For more information, please visit the Company's website at www.pinnaclefoodinc.com.</p><p>Forward-Looking Statements</p><p>This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. These statements include, but are not limited to, statements regarding the development, construction, installation, commissioning and future operation of the proposed microalgae-based astaxanthin production facility; the anticipated features, capabilities and performance of the facility and its cultivation systems; the timing and completion of Phase I and subsequent stages; the ability of the project to support commercial-scale microalgae cultivation and astaxanthin production; potential demand for astaxanthin and related biological products; and the Company's expansion into biomanufacturing.</p><p>Forward-looking statements are based on current expectations, estimates and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Such risks and uncertainties include, among others, construction delays and cost overruns; the availability and timely delivery of equipment and materials; installation and commissioning challenges; the receipt and maintenance of required permits and regulatory approvals; the ability to achieve anticipated cultivation yields, production output and operating performance; counterparty and financing risks; supply chain disruptions; changes in market demand and pricing; and broader economic and industry conditions.</p><p>Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.</p><p><strong>Investor and Media Contact</strong></p><p><strong>Pinnacle Food Group Limited</strong><br/>Email: <a rel="nofollow" href="mailto:ir@pinnaclefoodinc.com">ir@pinnaclefoodinc.com</a></p><p><strong>SOURCE: </strong>Pinnacle Food Group Limited</p><br/><br/>View the original <a href='https://www.accessnewswire.com/newsroom/en/aerospace-and-defense/pinnacle-food-group-limited-completes-key-development-milestone-and-commences-1191326'>press release</a> on ACCESS Newswire<br/><br/>
      <img src="https://app.accessnewswire.com/img.ashx?id=1191326" width="0" height="0"/>

Pinnacle Food Group announced completion of a key development milestone and commenced construction of a commercial-scale microalgae astaxanthin facility for Bei Harvest in British Columbia. The project targets about $10 million in aggregate revenue ($4m Phase I, $6m Phase II), underscoring Pinnacle's expansion into biomanufacturing and its growing B2B technology platform.

pinnacle-food-group-limited-completes-key-development-milestone-and-commences-construction-of-commercial-scale-microalgae-based-astaxanthin-facility-in-canada

Pinnacle Food Group Limited Completes Key Development Milestone and Commences Construction of Commercial-Scale Microalgae-Based Astaxanthin Facility in Canada

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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