Marijuana Growing Solution Provider Agrify Gets $20M Boost From Green Thumb To Power Up Cannabis Tech And New Leadership
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 05 2024
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Source: Benzinga
Agrify Corporation Financing: Agrify has secured a $20 million convertible secured note, with $10 million drawn from a subsidiary of Green Thumb Industries, while maintaining its independence and management team despite leadership changes.
Financial Performance: Agrify reported a revenue of $3 million for Q2 2024, down from $5.1 million in the same period last year, while Green Thumb announced an 11% year-over-year revenue increase to $280 million.
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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.
