Raymond Chang

Agrify Corporation (NASDAQ: AGFY) has received written notice from The Nasdaq Stock Market LLC informing the company that it has regained compliance with Nasdaq’s minimum bid price listing requirement. The company has satisfied the terms for continued listing on the Nasdaq Capital Market by...

Agrify Corporation (NASDAQ: AGFY) released financial results for the second quarter ended June 30, 2022, revealing revenue of $19.3 million, an increase of 63.5% compared to $11.8 million for the prior year period. Q2 2022 Financial Highlights Gross profit for the second quarter totaled $1.6...

Agrify Corporation (NASDAQ: AGFY) revealed a number of leadership changes to further support the company’s growth initiatives. Max Holtzman, who currently serves as operations director at Ocean 14 Capital, and who previously served as the senior advisor to the United States Secretary of...

Agrify Corporation (NASDAQ: AGFY) launched a new short path, thin film distillation system: the CannaBeast 13. Lab Society, the market leader in distillation, solvent separation, and extraction solutions, which Agrify acquired in February 2022, partnered with InCon Process Systems to bring the...

Agrify Corporation (Nasdaq: AGFY) released financial results for the first quarter ended March 31, 2022. First Quarter 2022 Financial Results Revenue was $26.0 million for the first quarter, an increase of 271% compared to $7.0 million for the prior year period. Gross profit for the first...

Agrify Corporation (NASDAQ: AGFY) is launching its line of VFU Rapid Deployment Packs designed to quickly deploy 10, 15, 20 or 28 prepackaged Agrify Vertical Farm Units in a single-tiered setup at customer facilities. Preconfigured for rapid deployment, Agrify RDP customers can immediately begin...

Agrify Corporation (NASDAQ: AGFY) has signed a definitive agreement with BioCann Pharmaceutical Company, LDA, a prominent cannabis cultivator located on the island of Madeira, in Funchal, Portugal. Deal Details Under the terms of the agreement, Agrify will install 190 VFUs for BioCann's 25,...

Agrify Corporation (NASDAQ: AGFY) has signed a definitive agreement for its Agrify total turn-key solution with Loud Wellness Inc. Loud Wellness is hoping to leverage the technology, services, and support offered through the Agrify TTK solution to produce the highest quality and most diversified...

Agrify Corporation (NASDAQ: AGFY) announced financial results for the fourth quarter and fiscal year ended December 31, 2021. Q4 2021 Financial Highlights Revenue totaled $25.3 million representing an increase of 481% compared to $4.4 million for the prior year period. Total backlog was $837...

Agrify Corporation (NASDAQ: AGFY) has entered into a debt financing agreement for up to $135 million in a senior secured note facility with an institutional lender. Transaction Details An initial funding of $65 million under the note will be immediately available to the company at an initial...

Agrify Corporation (NASDAQ: AGFY)  has acquired Lab Society, a provider of distillation and solvent separation solutions for the cannabis extraction industry. “We are ecstatic to add Lab Society to our portfolio of high-quality extraction solutions,” Raymond Chang, chairman...

Agrify Corporation (NASDAQ: AGFY) announced a $27.3 million private placement. The company has signed a securities purchase agreement with an institutional investor and other accredited investors in a private placement transaction. Under the agreements, Agrify will issue and sell 4.02...

Agrify Corporation (NASDAQ: AGFY) reported on Thursday that its Q4 2021 new bookings exceeded $250 million and reaffirmed its Q4 2021 revenue guidance of $26 million to $28 million, subject to the completion of its standard audit process. Higher than $250 million in new bookings for Q4,...

Vertically integrated cannabis company Agrify Corporation (NASDAQ: AGFY) confirmed Wednesday that it has completed its $9 million acquisition of PurePressure, a provider of solventless extraction and advanced ice water hash-processing equipment for the cannabis and hemp industries. The news...

Vertically integrated cannabis company Agrify Corporation (NASDAQ: AGFY) announced Tuesday that it has inked a definitive agreement for its largest Agrify Total Turn-Key Solution partnership to date with Gold Leaf Florida LLC. What Happened Under the terms of the 10-year agreement, the Billerica,...