Agrify ( (AGFY) ) has provided an update.
On March 21, 2025, Agrify Corporation announced a Shared Services Agreement with Vision Management Services, a subsidiary of Green Thumb Industries, to provide CFO services. The company reported a revenue of $9.7 million for 2024, down from $15.1 million in 2023, and an operating loss of $10.2 million. Recent developments include securing $20 million in convertible note financing, raising $25.9 million through a private placement, and acquiring assets from Double or Nothing LLC. Agrify also sold its legacy Cultivation business and announced a partnership with The Salt Shed for its Señorita brand. The company appointed Brad Asher as the new CFO, effective March 24, 2025.
More about Agrify
Agrify Corporation is a developer of branded innovative solutions for the cannabis and hemp industries, offering products like the Señorita brand of hemp-derived THC beverages. These beverages are marketed as low-sugar, low-calorie alternatives to alcoholic drinks and are available in nine U.S. states and Canada, with plans for further expansion.
YTD Price Performance: -41.61%
Average Trading Volume: 30,272
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $28.61M
See more data about AGFY stock on TipRanks’ Stock Analysis page.