Agrify Closes Sale of its Cultivation Business

Written by Emily J. Thompson, Senior Investment Analyst

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Source: Newsfilter

Updated: Jan 06 2025

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Source: Newsfilter

Sale of Cultivation Business: Agrify Corporation has sold its cultivation business to CP Acquisitions, LLC, allowing the company to focus on growth areas related to THC demand, particularly in hemp-derived beverages like their award-winning THC Margarita, Señorita.
Future Focus and Expansion Plans: The sale enables Agrify to concentrate on expanding its beverage offerings while separating business segments for better operational focus, as stated by both Agrify's interim CEO and the former chairman.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Agrify Closes Sale of its Cultivation Business

About the author

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