Agrify changes name to RYTHM after acquiring cannabis brands

Agrify (AGFY) Corporation announced it will change its name to RYTHM, Inc. and begin trading under the ticker symbol “RYM” on September 2. The change follows its acquisition of cannabis brand intellectual properties from Green Thumb Industries. According to a press release statement, the company acquired a portfolio of brands including RYTHM, Dogwalkers, and Beboe for $50M through a convertible note. Under a concurrent licensing agreement, Green Thumb Industries will manufacture and distribute the acquired brands.