Raymond Chang

Agrify Corporation (NASDAQ:AGFY), a company that provides hardware and software cultivation and extraction solutions for the cannabis and hemp industry, announced on Tuesday that its board of directors has approved a $20 million convertible secured note. Of that sum $10 million will be drawn upon...

Agrify Corporation (NASDAQ:AGFY) announced financial results Wednesday for the second quarter ended June 30, 2024. The Michigan-based cannabis cultivation solutions provider disclosed revenue of $3.0 million, compared to $5.1 million in the same period of 2023. “We are pleased to report a 15...

Agrify Corporation (NASDAQ:AGFY) announced on Tuesday that it has signed a $500 000 turnkey hydrocarbon extraction and lab equipment package with Grotech Farms LLC, an annual licensed cannabis operator founded by Miriam Porter and partners. What Happened Grotech Farms has bought Agrify's Turnkey...

Cannabis cultivation solutions provider Agrify Corporation (NASDAQ:AGFY) released its financial results Tuesday for the first quarter ended March 31, 2024, revealing revenue of $2.6 million compared to $5.8 million for the first quarter of 2023. “Following our first positive quarter in the...

Vertical farming technology and infrastructure provider Nature’s Miracle Holding Inc. (NASDAQ:NMHI) and Agrify Corporation (NASDAQ:AGFY) announced Thursday that both parties have signed a definitive agreement and merger plan. Under the deal, a new wholly-owned subsidiary of Nature’s...

Nature’s Miracle Holding Inc. (NASDAQ:NMHI) has entered into a term sheet to acquire 100% of all the outstanding shares of Agrify Corporation (NASDAQ:AGFY). What Happened The California-based agriculture tech company that provides equipment and services to the industry said on Wednesday that...

Ancillary cannabis company Agrify Corporation (NASDAQ:AGFY) announced its preliminary unaudited fourth-quarter financial results on Wednesday. Q4 2023 Financial Outlook Net loss is expected to be at $750 000, compared to $2.1 million net loss in the third quarter of 2023, and $58 million loss in...

Editor’s note: This story has been corrected to reflect that Agrify’s third-quarter results were released Jan. 3, 2024. Agrify Corporation (NASDAQ:AGFY) announced its financial results Jan. 3 for the third quarter ended Sept. 30, 2023, revealing a nearly 56% year-over-year decrease in...

Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB), a major cannabis company, is sticking to its previous financial predictions. Management believes the company will make more money than it spends over the year, achieving positive annual adjusted EBITDA, and also expects to have more cash coming in than...

Agrify Corporation (NASDAQ:AGFY) announced its second-quarter financial results on Tuesday for the three months ended June 30, 2023, revealing a 73% year-over-year decrease in revenue to $5.1 million. Raymond Chang, chairman and CEO at Agrify provided more insight into what the company's focus was...

Agrify Corporation (NASDAQ: AGFY) announced on Monday that CP Acquisition LLC and its existing institutional lender have signed a definitive agreement under which CP Acquisition purchased all of the outstanding convertible and senior secured notes of Agrify held by the existing lender and plans to...

Agrify Corporation (NASDAQ: AGFY), reported Wednesday financial results for the third quarter ended September 30, 2022, with revenue of $7.0 million, down by 55.4% compared to $15.9 million in the same period of 2021. “While the operating environment within the cannabis industry...

Agrify Corporation (NASDAQ: AGFY) announced that its recently launched PX10 hydrocarbon cannabis extractor will soon be installed at three customer facilities, including through a new engagement with Alchemist Ventures in Maryland. As per the terms of the purchase agreement with Alchemist, Agrify...

Agrify Corporation (NASDAQ: AGFY) has received written notice from The Nasdaq Stock Market LLC informing the company that it has regained compliance with Nasdaq’s minimum bid price listing requirement. The company has satisfied the terms for continued listing on the Nasdaq Capital Market by...

Agrify Corporation (NASDAQ: AGFY) released financial results for the second quarter ended June 30, 2022, revealing revenue of $19.3 million, an increase of 63.5% compared to $11.8 million for the prior year period. Q2 2022 Financial Highlights Gross profit for the second quarter totaled $1.6...