Agrify secures financing from Green Thumb Industries
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 05 2024
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Financing Announcement: Agrify Corporation has approved a $20M convertible secured note, with $10M to be drawn at closing from a subsidiary of Green Thumb Industries, which previously acquired an ownership stake in Agrify.
Management Structure: Despite the financing and transaction, Agrify will continue to operate independently, retaining its existing management team and all independent directors.
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.
