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Agrify Corp - AGFY STOCK NEWS

Welcome to our dedicated news page for Agrify (Ticker: AGFY), a resource for investors and traders seeking the latest updates and insights on Agrify.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Agrify's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Agrify's position in the market.

Rhea-AI Summary
Agrify (AGFY) announces a partnership with SoundView for a Turnkey Hydrocarbon Extraction and Lab Equipment Package, aiding SoundView's entry into the cannabis market in Connecticut. The package includes Precision Extraction's PX1 Hydrocarbon Extraction System, a Vacuum Oven Package, a 5L G3 Short-Path Distillation System, and a C1D1 Fume Hood. Agrify's services will assist SoundView in meeting compliance with the State of Connecticut to kickstart operations.
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Rhea-AI Summary
Agrify (AGFY) announces a partnership with Blackstone Valley Cannabis for a Turnkey Solventless Extraction and Lab Equipment Package. The package includes equipment from Pure Pressure and Agrify's on-site training. Agrify's CEO, Raymond Chang, highlights the company's sales success and commitment to quality. Blackstone Valley Cannabis expresses excitement for the partnership and aims to produce high-quality solventless products in Massachusetts.
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Rhea-AI Sentiment
End-of-Day
-0.74%
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Rhea-AI Summary
Agrify Corporation (AGFY) announces a partnership with Justice Cannabis Co. for a Turnkey Hydrocarbon Extraction and Lab Equipment Package. Justice Cannabis, a multi-state operator expanding into New Jersey, has purchased Agrify's equipment for their extraction facility. Agrify's safe and easy-to-install extraction rooms are designed for professional engineers to field verify in all 50 states. Justice Cannabis operates dispensaries in 7 states and is known for its diverse product range and quality cannabis products.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.39%
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Rhea-AI Summary
Agrify Corporation (AGFY) recently announced a public offering of 6,723,684 shares of common stock and pre-funded warrants, generating around $2.6 million. CEO Raymond Chang's affiliates purchased 1,842,104 shares. Let's delve into the details.
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-3.19%
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Agrify Corporation (AGFY) signs a multi-year cultivation and extraction deal with HarvestWorks Farm, New Jersey, including a $3.4 million order for 156 Vertical Farming Units and a Turnkey Pure Pressure Solventless extraction Lab Package. The deal also involves a 2-year Service Support Agreement and a 5-year SaaS Fee Agreement. HarvestWorks Farm, a woman-owned company, is dedicated to producing high-quality cannabis products in compliance with New Jersey laws.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
28.1%
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Rhea-AI Summary
Agrify Corporation (AGFY) announces a public offering of 6,723,684 shares of common stock at $0.38 per share, expecting to raise $2.6 million for working capital and general corporate purposes. The offering is set to close on February 28, 2024, with Alexander Capital L.P. as the placement agent. Agrify, a key player in the cannabis industry, focuses on innovative cultivation and extraction solutions, utilizing micro-environment-controlled Vertical Farming Units and a comprehensive extraction product line.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.38%
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offering
Rhea-AI Summary
Agrify Corporation (AGFY) announced a term sheet with PDS Ventures for end-to-end managed extraction services in the cannabis industry. The program includes equipment leasing, on-site support, and training, aiming to increase customer lifetime value. The contract could generate up to $2 million for Agrify. PDS Ventures will utilize Agrify's extraction systems to enhance their operations and product quality.
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End-of-Day
-0.49%
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Agrify Corporation (AGFY) anticipates achieving its lowest net loss and cash burn in history. The company projects a significant decrease in net loss, operation loss, and a substantial increase in gross profit for Q4 2023. Additionally, updates on the Ocean Deep/Golden Lake Business Park project show progress in facility acquisition and product extraction capabilities.
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Rhea-AI Sentiment
End-of-Day
7.02%
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Agrify Corporation (AGFY) partners with Denver Cole Labs for a half-million-dollar Turnkey Ethanol Extraction and Lab Equipment Package in New Jersey. The package includes cutting-edge extraction equipment and software to enhance production quality and efficiency.
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Agrify Corporation (AGFY) successfully installs PX-30 Hydrocarbon Extraction System at Lume Cannabis' Michigan facility, marking a significant milestone for the company. The system offers high extraction efficiency, operational design, and safety/compliance features, reinforcing Agrify's commitment to delivering state-of-the-art solutions to the cannabis and hemp industries.
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Rhea-AI Sentiment
End-of-Day
20.78%
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Agrify Corp

Nasdaq:AGFY

AGFY Rankings

AGFY Stock Data

3.95M
929.24k
45.2%
0.9%
5.98%
Engineering & Construction
Industrials
Link
United States
Troy

About AGFY

agrify corporation develops precision hardware and software grow solutions for the indoor agriculture marketplace. the company offers vertical farming units, integrated grow racks, and led grow lights; and non-proprietary products designed, engineered, and manufactured by third parties, such as air cleaning systems and pesticide-free surface protection products. it also provides associated services comprising consulting, engineering, and construction. the company was formerly known as agrinamics, inc. and changed its name to agrify corporation in september 2019. agrify corporation was founded in 2016 and is based in burlington, massachusetts.