Welcome to our dedicated page for Agrify news (Ticker: AGFY), a resource for investors and traders seeking the latest updates and insights on Agrify stock.
The AGFY news page on Stock Titan aggregates company communications and regulatory disclosures related to Agrify Corporation, which SEC filings later identify as RYTHM, Inc., a business active in the cannabis and hemp industries. Press releases and filings trace the company’s evolution from a focus on cultivation and extraction technology toward branded hemp-derived THC beverages and cannabis brand intellectual property.
News items include quarterly and annual financial results, where Agrify reports revenue, operating losses, and cash balances, along with commentary on strategic priorities. Releases also cover financing events, such as a non-brokered private placement with institutional and accredited investors and secured convertible notes issued to a subsidiary of Green Thumb Industries Inc. and other investors, which the company describes as supporting working capital and business development.
Corporate updates highlight leadership and governance changes, including the appointment of a new Chairman and Interim Chief Executive Officer and additions to the Board of Directors. Transaction-focused announcements detail the acquisition of assets related to the Señorita hemp-derived THC beverage brand, the sale of the legacy cultivation business to an entity affiliated with a former executive, and the acquisition of intellectual property rights to brands such as RYTHM, Beboe, Dogwalkers, Doctor Solomon’s, &Shine, and Good Green.
Product and partnership news emphasizes the Señorita brand of hemp-derived THC beverages, including flavor launches and distribution through retailers in multiple U.S. states and Canada, as well as venue partnerships like the exclusive hemp-derived THC beverage arrangement at The Salt Shed music venue in Chicago. By reviewing this news stream, readers can follow how Agrify’s strategy, capital structure, and brand portfolio have been described over time in its own announcements and related filings.
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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