Welcome to our dedicated news page for Agrify Corporation (Ticker: AGFY), a resource for investors and traders seeking the latest updates and insights on Agrify Corporation .
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Agrify Corporation 's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Agrify Corporation 's position in the market.
Rhea-AI Summary
Nature's Miracle Holdings Inc. (NASDAQ: NMHI) has announced the successful manufacturing and shipment of its first two customized container farms in its proprietary 'MiracleTainer' series to Growterra, The 'MiracleTainer' container system incorporates LED grow lights, hydroponic systems, and sensors to optimize environmental conditions for increased production yields over traditional farming methods. The company's CEO, James Li, highlighted the operational efficiency and cost savings provided by the container farm solutions, aiming to drive sustainable profitability in the vertical farming industry. Nature's Miracle also plans to enhance its container farm system through the acquisition of Agrify and its Agrify Insights™ Saas Software platform.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.37%
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Rhea-AI Summary
Nature’s Miracle Holding Inc. and Agrify have agreed to merge, creating the leading provider of Controlled Environment Agriculture (CEA) products and solutions. The acquisition is expected to bring significant revenue streams for Nature’s Miracle through Agrify’s SaaS and AI technology, while Agrify will benefit from Nature’s Miracle’s expertise in vertical farming technology. The merger is valued at $6,350,528, with each Agrify shareholder receiving approximately 0.45 shares of Nature’s Miracle stock. The transaction is set to close within six months, pending due diligence and shareholder approval.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
22.52%
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Rhea-AI Summary
Agrify achieved its first positive quarterly net income of approximately $572,000, marking a significant turnaround in financial performance. Despite a decrease in revenue, the company saw improvements in gross profit and operating expenses. The company's CEO highlighted the success of their VFU technology and turnkey extraction solutions. Agrify implemented new policies to improve cash collection and reduce expenses, leading to a boost in fourth-quarter financial results. Recent business highlights include a focus on delivering unparalleled service to customers and the success of a Total Turnkey project with Nevada Holistic Medicine.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.72%
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Rhea-AI Summary
Agrify announces the celebration of newly published research on leafy green production in vertical farms by the University of Georgia's Controlled Environmental Agriculture program using Agrify's Model R Horticulture LED lights. The study revealed optimal airflow and nutrient levels for leafy green production, showcasing the impact of different light intensity, nutrient uptake, and CO2 levels.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.03%
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Rhea-AI Summary
Agrify (AGFY) announces a partnership with SoundView for a Turnkey Hydrocarbon Extraction and Lab Equipment Package, aiding SoundView's entry into the cannabis market in Connecticut. The package includes Precision Extraction's PX1 Hydrocarbon Extraction System, a Vacuum Oven Package, a 5L G3 Short-Path Distillation System, and a C1D1 Fume Hood. Agrify's services will assist SoundView in meeting compliance with the State of Connecticut to kickstart operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.18%
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Rhea-AI Summary
Agrify (AGFY) announces a partnership with Blackstone Valley Cannabis for a Turnkey Solventless Extraction and Lab Equipment Package. The package includes equipment from Pure Pressure and Agrify's on-site training. Agrify's CEO, Raymond Chang, highlights the company's sales success and commitment to quality. Blackstone Valley Cannabis expresses excitement for the partnership and aims to produce high-quality solventless products in Massachusetts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.74%
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Agrify Corporation (AGFY) announces a partnership with Justice Cannabis Co. for a Turnkey Hydrocarbon Extraction and Lab Equipment Package. Justice Cannabis, a multi-state operator expanding into New Jersey, has purchased Agrify's equipment for their extraction facility. Agrify's safe and easy-to-install extraction rooms are designed for professional engineers to field verify in all 50 states. Justice Cannabis operates dispensaries in 7 states and is known for its diverse product range and quality cannabis products.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.39%
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Agrify Corporation (AGFY) recently announced a public offering of 6,723,684 shares of common stock and pre-funded warrants, generating around $2.6 million. CEO Raymond Chang's affiliates purchased 1,842,104 shares. Let's delve into the details.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.19%
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Rhea-AI Summary
Agrify Corporation (AGFY) signs a multi-year cultivation and extraction deal with HarvestWorks Farm, New Jersey, including a $3.4 million order for 156 Vertical Farming Units and a Turnkey Pure Pressure Solventless extraction Lab Package. The deal also involves a 2-year Service Support Agreement and a 5-year SaaS Fee Agreement. HarvestWorks Farm, a woman-owned company, is dedicated to producing high-quality cannabis products in compliance with New Jersey laws.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
28.1%
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Rhea-AI Summary
Agrify Corporation (AGFY) announces a public offering of 6,723,684 shares of common stock at $0.38 per share, expecting to raise $2.6 million for working capital and general corporate purposes. The offering is set to close on February 28, 2024, with Alexander Capital L.P. as the placement agent. Agrify, a key player in the cannabis industry, focuses on innovative cultivation and extraction solutions, utilizing micro-environment-controlled Vertical Farming Units and a comprehensive extraction product line.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.38%
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Agrify Corporation
Nasdaq:AGFY
AGFY Rankings
AGFY Stock Data
3.98M
928.86k
60.58%
0.89%
3.08%
Engineering & Construction
Industrials
United States of America
BILLERICA
About AGFY
agrify corporation develops precision hardware and software grow solutions for the indoor agriculture marketplace. the company offers vertical farming units, integrated grow racks, and led grow lights; and non-proprietary products designed, engineered, and manufactured by third parties, such as air cleaning systems and pesticide-free surface protection products. it also provides associated services comprising consulting, engineering, and construction. the company was formerly known as agrinamics, inc. and changed its name to agrify corporation in september 2019. agrify corporation was founded in 2016 and is based in burlington, massachusetts.