Agrify

Agrify Corp. operates as a developer of advanced and proprietary precision hardware and software grow solutions for the indoor agriculture marketplace. Its solutions include vertical forming units, LED grow lights, cultivation software, biosecurity, and equipment financing. The company was founded on June 6, 2016 and is headquartered in Burlington, MA.

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Agrify Corp. engages in the development of hardware and software solutions for indoor agriculture. The company was founded on June 6, 2016 and is headquartered in Troy, MI.

TROY, Mich., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Agrify Corporation (Nasdaq: AGFY) (“Agrify” or the “Company”), a leading provider of branded innovative solutions for the cannabis and hemp industries, today announced the Company has entered into securities purchase agreements with institutional and accredited investors in a non-brokered private placement priced at $22.30 per share for aggregate proceeds of approximately $25.9 million.

Agrify Announces $25.9 Million Non-Brokered Private Placement

TROY, Mich., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Agrify Corporation (Nasdaq:AGFY) (“Agrify” or the “Company”), a leading provider of branded innovative solutions for the cannabis and hemp industries, today announced financial results for the quarter ended September 30, 2024.

Agrify Corporation Announces Results for Third Quarter 2024

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As the US cannabis industry continues to grow, investor interest remains high. The market, valued at over $13 billion in 2023, is projected to exceed $30 billion by 2025. Despite this positive outlook, recent setbacks have caused a decline in cannabis stocks. One significant blow was Florida's failure to pass Amendment 3, which would have expanded legalization in a crucial state market. This decision has added volatility to the sector. Even so, there is ongoing optimism fueled by pending federal legislation. Any progress on these bills could create fresh momentum for cannabis stocks, underscoring the sector's potential for long-term growth.

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As the cannabis industry continues to grow, marijuana stocks have gained significant attention from investors. In 2023, the U.S. cannabis market generated over $32 billion in sales, and projections suggest it could reach $50 billion by 2028. With ongoing legalization efforts, the industry is poised for further expansion. Recent headlines, including the possibility of federal legalization, have fueled interest in marijuana stocks. These developments have driven volatility in penny stocks, which can offer high returns. However, due to their low prices, they also come with higher risk, making proper strategy essential.

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TROY, Mich., Aug. 14, 2024 (GLOBE NEWSWIRE) -- Agrify Corporation (Nasdaq:AGFY) (“Agrify” or the “Company”), a leading provider of innovative cultivation and extraction solutions for the cannabis industry, today announced financial results for the second quarter ended June 30, 2024.

Agrify Corporation Announces Results for Second Quarter 2024 and Amended Results for First Quarter 2024

BILLERICA, Mass., Aug. 02, 2024 (GLOBE NEWSWIRE) -- Agrify Corporation (Nasdaq:AGFY) (“Agrify” or the “Company”), the most innovative provider of advanced cultivation and extraction solutions for the cannabis industry, would like to remind stockholders to cast their votes for the proposals that will be voted on at the Company's annual meeting of stockholders (the "Meeting") in advance of the proxy voting deadline for voting by telephone or electronically of 11:59 p.m.

Agrify Reminds Stockholders to Vote Before the Proxy Voting Deadline for the Upcoming Annual Meeting of Stockholders

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Investing in the cannabis industry and top marijuana stocks has become increasingly popular, especially with the U.S. market's rapid expansion. Ancillary stocks, which support the cannabis sector without directly handling the plant, are gaining traction. As of 2023, the U.S. cannabis market was valued at $30 billion, with projections estimating it will reach $45 billion by 2026. Recent headlines have highlighted significant moves toward federal legalization, creating more optimism. For instance, the Cannabis Administration and Opportunity Act has been reintroduced in Congress, aiming to decriminalize cannabis at the federal level. These developments underscore the importance of closely monitoring ancillary stocks.

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Agrify (NASDAQ: AGFY ) stock is rocketing higher on Monday alongside heavy pre-market trading of the cannabis hardware and software cultivation company's shares. This has more than 17 million shares of AGFY stock changing hands as of this writing.

Why Is Agrify (AGFY) Stock Up 70% Today?

TROY, Mich., June 11, 2024 (GLOBE NEWSWIRE) -- Agrify Corporation (Nasdaq: AGFY) (“Agrify” or the “Company”), a leading provider of innovative cultivation and extraction solutions for the cannabis industry, today announced the signing of a $500K Turnkey Hydrocarbon Extraction and Lab Equipment Package with Grotech Farms LLC (“Grotech” or the “Customer”), an annual licensed cannabis operator founded by Miriam Porter and partners.

Agrify Corporation Announces $500K Turnkey Extraction Equipment Deal with Grotech Farms LLC in Bridgeton, NJ

TROY, Mich., May 28, 2024 (GLOBE NEWSWIRE) -- Agrify Corporation (Nasdaq:AGFY) (“Agrify” or the “Company”), a leading provider of innovative cultivation and extraction solutions for the cannabis industry, today announced that after the recent $13.8 million debt-to-equity conversions by CP Acquisitions, LLC and GIC Acquisition, LLC, two entities affiliated with Raymond Chang, Chairman and CEO of Agrify, Agrify has received confirmation from Nasdaq that it has regained compliance with the stockholders' equity requirement of minimum of $2.5 million in Listing Rule 5550(b)(1).

Agrify Corporation Regains Compliance with Nasdaq Stockholders' Equity Requirement

TROY, Mich., May 22, 2024 (GLOBE NEWSWIRE) -- Agrify Corporation (Nasdaq: AGFY) (“Agrify” or the “Company”), a leading provider of innovative cultivation and extraction solutions for the cannabis industry, today announced an approximately $13.8 million debt-to-equity conversion by CP Acquisitions, LLC and GIC Acquisitions LLC.

Agrify Corporation Announces Approximately $13.8 Million Debt-to-Equity Conversion

Company achieves near break-even quarterly results TROY, Mich., May 21, 2024 (GLOBE NEWSWIRE) -- Agrify Corporation (Nasdaq:AGFY) (“Agrify” or the “Company”), a leading provider of innovative cultivation and extraction solutions for the cannabis industry, today announced financial results for the first quarter ended March 31, 2024.

Agrify Corporation Announces Results for First Quarter 2024

TROY, Mich., May 20, 2024 (GLOBE NEWSWIRE) -- Agrify Corporation (Nasdaq:AGFY) (“Agrify” or the “Company”), a leading provider of innovative cultivation and extraction solutions for the cannabis industry, today announced that Agrify Corporation and Nature's Miracle Holdings Inc. (NASDAQ: NMHI) (“Nature's Miracle”) have mutually agreed to terminate the agreement and plan of merger, previously announced on May 16, 2024, given unfavorable market conditions.

Agrify Corporation Mutually Agrees to Terminate Plan to Merge with Nature's Miracle

Nature's Miracle California Inc

ONTARIO, Calif. , May 20, 2024 /PRNewswire/ -- Nature's Miracle Holding Inc. (NASDAQ: NMHI) ("Nature's Miracle" or the "Company"), a leader in vertical farming technology and infrastructure, announced today that both Nature's Miracle and Agrify Corporation (NASDAQ: AGFY) ("Agrify"), have mutually agreed to terminate the previously announced plan to merge, originally announced on May 16, 2024.

Nature's Miracle Mutually Agrees to Terminate Plan to Merge with Agrify Corp.

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Marijuana stock investors see the future of cannabis as being even more profitable in the market. But what is triggering this speculation surrounding investing in cannabis? The cannabis industry has come a long way over the years with over 50% of the USA having established cannabis markets. Even with no federal reform set in place companies have been seeing great success. When continuous growth and money is being made it creates excitement among those who invest.

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NEW YORK , May 16, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and is investigating Agrify Corporation (NASDAQ: AGFY), relating to its proposed merger with Nature's Miracle Holding Inc. Under the terms of the agreement, Agrify shareholders will each be issued 0.45 of a share of Nature's Miracle common stock for each share of Agrify common stock that they hold, resulting in Agrify shareholders collectively owning approximately 30% of the combined company.

SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Announces An Investigation of Agrify Corporation - AGFY

ONTARIO, Calif., May 16, 2024 (GLOBE NEWSWIRE) -- Nature's Miracle Holding Inc. (NASDAQ: NMHI; NMHIW) (“Nature's Miracle” or the “Company”), a leader in vertical farming technology and infrastructure, and Agrify Corporation (NASDAQ: AGFY) (“Agrify”), announced today that both parties have signed a definitive agreement and plan of merger (“Agreement”) in which a new wholly-owned subsidiary of Nature's Miracle will merge with and into Agrify, with Agrify surviving the merger as a wholly-owned subsidiary of Nature's Miracle.

Nature's Miracle and Agrify Corporation Announces Signing of the Definitive Merger Agreement

Transaction Expected to Close in the Second Half of 2024 ONTARIO, Calif. , May 16, 2024 /PRNewswire/ -- Nature's Miracle Holding Inc. (NASDAQ: NMHI) ("Nature's Miracle" or the "Company"), a leader in vertical farming technology and infrastructure, and Agrify Corporation (NASDAQ: AGFY) ("Agrify"), announced today that both parties have signed a definitive agreement and plan of merger ("Agreement") in which a new wholly-owned subsidiary of Nature's Miracle will merge with and into Agrify, with Agrify surviving the merger as a wholly-owned subsidiary of Nature's Miracle.

Nature's Miracle and Agrify Corporation Announce Signing of the Definitive Merger Agreement

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Though initial public offerings are heating up, 2024 has thus far been disappointing for investors looking for merger stocks to buy. The year's first few months saw the iRobot (NASDAQ: IRBT ) and Southwest Airlines (NYSE: LUV ) deals scuttled, dashing merger arbitrage investors' hopes of a quick payday and all-but-guaranteed upside.

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~ Company Introduces Custom "MiracleTainer" Indoor Container System to Advance its MiracleFarm System ~ UPLAND, Calif. , April 25, 2024 /PRNewswire/ -- Nature's Miracle Holdings Inc. (NASDAQ: NMHI) ("Nature's Miracle"), a leader in vertical farming technology and infrastructure, today announced the successful manufacturing and shipment of its first two customized container farms in its proprietary "MiracleTainer" series to Growterra, LLC, an Ohio-based vertical farming company.

Nature's Miracle Announces Initial Shipments of the "MiracleTainer" Series Container Farm

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This week, several marijuana stocks are drawing attention due to their volatility and potential for growth. The cannabis industry in the U.S. has seen remarkable progress, particularly with more states legalizing its use. According to recent statistics, the U.S. cannabis market is expected to grow substantially. By 2025, sales are projected to surpass $30 billion, indicating a robust expansion from current levels. Furthermore, recent headlines have highlighted advancements in legalization efforts, such as New York State finalizing regulations for recreational cannabis sales. These developments are crucial as they pave the way for increased business opportunities and market expansions.

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Combined Entity is Expected to Become the Leading Provider of CEA Products and Solution AGRIFY Brings Industry-Leading Cultivation and Extraction Solution Service Immediately Realizable Financial and Operational Synergies    UPLAND, Calif. , April 17, 2024 /PRNewswire/ -- Nature's Miracle Holding Inc. (NASDAQ: NMHI) ("Nature's Miracle" or the "Company"), a leader in vertical farming technology and infrastructure, today announced it has entered into a term sheet to acquire 100% of all the outstanding shares of Agrify Corporation (NASDAQ: AGFY) ("Agrify"), a leading provider of innovative cultivation and extraction solutions.

Nature's Miracle Holding Inc. and Agrify Corporation Agree to Merge

TROY, Mich., April 15, 2024 (GLOBE NEWSWIRE) -- Agrify Corporation (Nasdaq:AGFY) (“Agrify” or the “Company”), a leading provider of innovative cultivation and extraction solutions for the cannabis industry, today announced financial results for the fiscal year ended December 31, 2023.

News for Agrify Stock (AGFY)