Agrify Corporation
NASDAQ Capital MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Benjamin Kovler
- Full Time Employees
- 11
- Sector
- Industrials
- Industry
- Engineering & Construction
- Address
- Building 3 Troy MA United States of America 01862
- IPO Date
- Jan 28, 2021
- CIK
- 0001800637
- Website
- agrify.com
- Similar Companies
- Business
- Agrify Corporation (Nasdaq: AGFY), an apitalics provider of cultivation and extraction solutions for the cannabis and hemp industries, develops proprietary micro-environment-controlled Vertical Farming Units (VFUs), Agrify Insights software for data-driven optimization, and total-turnkey solutions; through its extraction brands PurePressure and Precision Extraction, it supplies comprehensive equipment for hydrocarbon, ethanol, solventless extraction, post-processing, and lab operations. Incorporated in 2016 and headquartered in Troy, Michigan, the company targets licensed cultivators, multi-state operators, and producers primarily in the United States, with products enabling high-density cultivation, consistent yields, and premium concentrate production. In recent developments, Agrify sold its cultivation business assets—including VFUs, TTK solutions, and Agrify Insights software—to CP Acquisitions LLC, an affiliate of former CEO Raymond Chang, on December 31, 2024, eliminating approximately $7 million in debt and shifting strategic focus to hemp-derived THC Delta 9 (HD9) beverages under the Señorita brand (THC-infused margaritas in classic and mango flavors, available in nine U.S. states and online); it secured $20 million in convertible secured note financing in November 2024 from a Green Thumb Industries subsidiary, which also acquired a significant ownership stake; and in August 2025, it acquired a brand portfolio from Green Thumb Industries—including RYTHM, Dogwalkers, and Beboe—for $50 million via convertible note, entered a licensing agreement for Green Thumb to manufacture and distribute these brands, and changed its name to RYTHM, Inc., planning to trade under the Nasdaq symbol "RYM" effective September 2, 2025.
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