STOCK TITAN
  1. Home
  2. News
  3. AGFY

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.

News
Agrify Corporation Announces First Multi-Year and Two-Million Dollar Extraction Managed Services Contract with Customer in Michigan
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.49%
Tags
none
-
News
Agrify Corporation Announces Preliminary Unaudited Financial Results for Q4 2023 and Update on Customer Project
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.02%
Tags
earnings
-
News
Agrify Corporation Announces Turnkey Ethanol Extraction Deployment in New Jersey with Denver Cole
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
News
Agrify Corporation Achieves Milestone with PX-30 Hydrocarbon Extraction System Installation in Michigan Facility
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
20.78%
Tags
none
-
News
Agrify Receives Positive Nasdaq Listing Determination
Rhea-AI Summary
Agrify Corporation (AGFY) has received an extension until April 15, 2024, to comply with Nasdaq's listing rule requiring stockholders' equity of at least $2.5 million. The company faced potential delisting but timely requested a hearing and received an extension. The CEO and a board member purchased outstanding notes, with a portion converted into equity at a 212% premium. Additionally, $1,000,000 in debt was forgiven, and the company issued 2,685,629 shares of common stock. The company is also working to settle legal and trade payables to improve its equity position.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.12%
Tags
none
-
News
Agrify Announces the Result of its Reconvened Annual Meeting, At Premium $3.9 Million Debt Conversion, and the Exercise of a Majority of Previously Issued Warrants
Rhea-AI Summary
Agrify Corporation (AGFY) announced that shareholders approved an amendment to increase authorized shares of common stock, consolidate outstanding debt, and reduce the number of outstanding warrants. The Charter Amendment was approved at the Reconvened Meeting. The Company believes this will help it to regain compliance with Nasdaq's Listing Rule 5550(b)(1).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.73%
Tags
none
News
Agrify’s Enters Into First Hydrocarbon Extraction Lab & Vertical Farming Unit Facility in California
Rhea-AI Summary
Agrify Corporation (AGFY) has entered into a multi-million dollar sales agreement with Ocean Deep/Golden Lake Business Park, a California-based vertically integrated cannabis operator. Ocean Deep will be using Agrify's turnkey PX30 Hydrocarbon Extraction Lab Package to extract products and is expected to begin operation with an estimated 120 Vertical Farming Units sold by Agrify. The PX30 Hydrocarbon Extraction System is the largest system of Agrify’s PX-series, offering enhanced capabilities for hydrocarbon extraction. The addition of Agrify’s UL-compliant Explosion Proof (EXP) Rooms was an ideal choice for Ocean Deep’s C1D1 extraction lab. The industry developments illustrate continuous innovation and commitment to safety within the cannabis sector as Agrify adapts to expanding market demands.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
16.1%
Tags
none
-
News
Agrify Corporation Announces Results from Annual Meeting of Stockholders
Rhea-AI Summary
Agrify Corporation (AGFY) Adjourns Annual Meeting for Charter Amendment Proposal, Announces Voting Results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.13%
Tags
none
-
News
Agrify Corporation Announces Results for Third Quarter 2023
Rhea-AI Summary
Agrify Corporation (AGFY) Announces Successful Turn-Around Initiatives Resulting in Lowest Historical Net Loss
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.95%
Tags
earnings
News
Agrify Corporation Announces Results for Second Quarter 2023
Rhea-AI Summary
Agrify Corporation (AGFY) reduces operating loss and cash-burn, continues turn-around initiative with a focus on cost reduction and efficiency improvement. Q2 2023 financial results show significant improvements in operating expenses and headcount, aiming for profitability in the shortest time possible.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.93%
Tags
earnings
Stock AGFY logo
Agrify Corp

Nasdaq:AGFY

AGFY Rankings

N/A Ranked by Market Cap
N/A Ranked by Stock Gains
N/A Ranked by Dividends

AGFY Stock Data

4.09M
928.86k
60.58%
0.89%
3.08%
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.