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Agrify Corporation reports developments tied to branded cannabis and hemp products, operating results, governance changes, and capital structure. The company completed the sale of its cultivation business and shifted its disclosed focus toward THC-related branded products, including hemp-derived THC beverages such as Señorita.
Recurring updates include quarterly and annual results, board appointments, warrant and share-count disclosures, financing activity, and commercial announcements involving THC beverage distribution and venue partnerships. Later company materials identify the issuer as RYTHM, Inc., with a THC brand portfolio that includes RYTHM, Señorita, incredibles, Beboe, and Dogwalkers.
Nature's Miracle and Agrify have signed a definitive merger agreement. In this transaction, a wholly-owned subsidiary of Nature's Miracle will merge with Agrify, resulting in Agrify becoming a wholly-owned subsidiary of Nature's Miracle.
Post-merger, Agrify shareholders will own approximately 30% of the combined company's common stock. Nature's Miracle will also purchase and guarantee certain senior and junior notes issued by Agrify. The merger aims to leverage both companies' expertise in vertical farming and cannabis extraction, promising cost savings and market share growth.
The transaction is expected to close in the second half of 2024, contingent on shareholder approval and customary conditions.
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