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Agrify ( (AGFY) ) has issued an announcement.
On August 27, 2025, Agrify Corporation announced its acquisition of a portfolio of brand intellectual properties from Green Thumb Industries for $50 million, paid via a convertible note. This acquisition includes brands like RYTHM and Beboe, and marks a strategic move to enhance the company’s position in the well-being consumer space. Concurrently, Agrify entered into a licensing agreement with Green Thumb Industries, allowing them to manufacture and distribute the acquired brands. As part of this transition, Agrify will change its name to RYTHM, Inc. and its Nasdaq ticker symbol to ‘RYM’ effective September 2, 2025. This move is expected to drive revenue growth through licensing and expanding sales of hemp-derived THC products.
The most recent analyst rating on (AGFY) stock is a Hold with a $32.00 price target. To see the full list of analyst forecasts on Agrify stock, see the AGFY Stock Forecast page.
Spark’s Take on AGFY Stock
According to Spark, TipRanks’ AI Analyst, AGFY is a Neutral.
Agrify’s overall stock score is primarily impacted by its weak financial performance, characterized by declining revenues and persistent losses. However, the recent corporate events, including strategic acquisitions and financing, provide a positive outlook for future growth. Technical analysis shows positive momentum, though caution is advised due to overbought conditions. Valuation remains a concern due to negative earnings and lack of dividends.
To see Spark’s full report on AGFY stock, click here.
More about Agrify
Agrify Corporation, now rebranded as RYTHM, Inc., operates in the cannabis and hemp industries, offering a portfolio of brands that deliver well-being to consumers. The company is known for its innovative solutions and features recognized brands such as RYTHM, incredibles, Dogwalkers, Beboe, and others, available in numerous physical locations and online channels.
Average Trading Volume: 16,284
Technical Sentiment Signal: Hold
Current Market Cap: $63.06M
Find detailed analytics on AGFY stock on TipRanks’ Stock Analysis page.