-
Ancillary Cannabis Co. Agrify's FY 2022, Q1 2023 Results Signal Industry Headwinds: Could Innovation Drive Turnaround?
Tuesday, November 28, 2023 - 12:48pm | 709Agrify Corp (NASDAQ:AGFY), a cultivation and extraction solutions provider for the cannabis industry, announced its financial results for fiscal year 2022 and the first quarter of 2023, reflecting a challenging phase marked by strategic restructuring and innovation. Q1 2023 Financial Highlights...
-
Innovative Partnership Forges New Frontiers In Cannabis Extraction Technology
Friday, August 18, 2023 - 5:48pm | 464Cannabis and hemp extraction industry, Prodigy Processing Solutions has formed a partnership with Ohio-based Mitchell Fabricators, known for its expertise in the fabrication and modularization of process piping, pressure vessels and structural steel. Led by industry veteran Scott Mitchell,...
-
Marijuana Industry Pioneer Launches New Company To Push 'The Boundaries Of What's Possible In Cannabis And Hemp Extraction'
Thursday, August 3, 2023 - 11:02am | 346Marc Beginin launched Prodigy Processing Solutions, a cannabis and hemp extraction equipment company. The launch comes after the high-profile sale of his previous company, Precision Extraction Solutions, to Agrify Corporation (NASDAQ: AGFY) in 2021 for a sum exceeding $50 million. Beginin...
-
Agrify Releases Hydrocarbon Distillation Unit To Make Continuous Extraction Possible
Tuesday, June 6, 2023 - 10:40am | 398Agrify Corporation (NASDAQ: AGFY), announced the release of a Hydrocarbon Distillation Unit under solvent extraction brand Precision Extraction Solutions. Agrify believes that the Precision HDU is an industry-first solution designed to continuously distill the source hydrocarbon solvent to increase...
-
Agrify's Precision Extraction Solutions Releases Diamond Miner For THC-A Crystallization At Scale
Friday, June 2, 2023 - 8:37am | 407Agrify Corporation (NASDAQ: AGFY) released its new Diamond Miner product under solvent extraction brand Precision Extraction Solutions. According to the company the Diamond Miner is designed to deliver a safe, reliable, and consistent solution for THC-A crystallization of cannabis, enabling the...
-
Agrify Plans For Up To $7M In Cost Savings In 2023, CFO Resigns
Monday, January 23, 2023 - 9:15am | 759Agrify Corporation (NASDAQ: AGFY) is actively taking steps to better align its resources and growth plan with the current operating environment, measures that the company believes could put it in a position to be cash flow positive by the end of 2023. Agrify has reduced its manufacturing and...
-
Agrify Prevents Hostile Takeover By Diluting Its Stock By Almost 70%
Monday, November 7, 2022 - 12:19pm | 426Marc Beginin, CEO and founder of Prodigy Processing Solutions and a former CEO and largest shareholder of Precision Extraction Solutions attempted a hostile takeover of Agrify (NASDAQ: AGFY) by acquiring 9.9% of the beneficial ownership of AGFY stock. The move was announced November 3, 2022, via a...
-
Cannabis M&A: The Combination Of Precision Extraction, Cascade Sciences Will Boast $100M+ In Annual Revenue
Friday, June 25, 2021 - 12:31pm | 690Cannabis extraction companies Precision Extraction Solutions and Cascade Sciences have entered into a merger that could be called the perfect scientific marriage. The deal seeks to create the "first major consolidation in the cannabis extraction equipment and life sciences space." The...
-
Discussing Current Cannabis Extraction Obstacles With Precision Extraction Solutions
Friday, May 29, 2020 - 4:53pm | 469The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Precision Extraction Solutions is a cannabis extraction company that specializes in extraction equipment, technology, site planning...
-
Cannabis Operator TerrAscend Partners With Detroit-Based Precision Extraction Solutions
Wednesday, May 6, 2020 - 7:30am | 314North American cannabis operator TerrAscend Corp. (CSE: TER) (OTC: TRSSF) announced Tuesday it has expanded its partnership with Precision Extraction Solutions, a Detroit-based company with a considerable portfolio of cannabis extractions, refinement and processing technologies. Per the agreement,...