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Agrify ( (AGFY) ) has shared an update.
Agrify Corporation announced a $20 million convertible secured note deal with Green Thumb Industries, appointing Benjamin Kovler as interim CEO. The financial boost and leadership change aim to enhance Agrify’s growth and shareholder value, with Kovler, a seasoned leader in the cannabis industry, bringing expertise to unlock Agrify’s potential. The transition follows the resignation of CEO Raymond Chang, who supports the move as a positive step for the company.
For a thorough assessment of AGFY stock, go to TipRanks’ Stock Analysis page.