Agrify Archives

Adam JacksonAugust 19, 2022

Economic headwinds in the industry are causing cannabis companies to make changes to their financing strategies. The news comes as cannabis capital raises are down 63.1% so far this year despite M&A movement soaring, according to a report by Viridian Capital Advisors. The cash crunch illustrates the rising stakes for those vying to survive in […]

Adam JacksonAugust 15, 2022

Agrify Corporation (Nasdaq: AGFY) up-ticked in early trading Monday despite the company posting results far below analysts’ expectations — showing the waning demand for hydroponics amid the economic slowdown. The data-forward cannabis cultivator delivered its financial results for the first quarter ending June 30, 2022. Agrify delivered approximately $19.3 million in total revenue during the period, […]

Adam JacksonAugust 8, 2022

Agrify Corporation (Nasdaq: AGFY) will postpone its earnings call for an additional week as preliminary second-quarter results show that it missed expectations during a time when consumer demand for hydroponics is fading. The company announced the unaudited results for the second quarter ending June 30, 2022. While revenue is expected rose 64% to $19.3 million […]

Debra BorchardtMay 11, 2022

Agrify Corporation (Nasdaq: AGFY) announced financial results for the first quarter ended March 31, 2022, as revenue increased 271% to $26 million for the first quarter versus $7 million for the prior-year period. This was also higher than Agrify’s fourth-quarter revenue of $25.3 million and beat the Yahoo Finance average analyst estimate for revenues of […]

Debra BorchardtApril 25, 2022

Cannabis investors have seen stock prices tumble even as cannabis companies report increasing sales. Green Market Report recently asked some leaders in the cannabis industry how they felt about the market in general despite the market pessimism. Brandon Pollock, CEO and Co-founder of Theory Wellness Theory Wellness, Inc. is an independently owned and operated vertically […]

Debra BorchardtMarch 23, 2022

Agrify Corporation (Nasdaq: AGFY) announced financial results for the fourth quarter and fiscal year ended December 31, 2021, with revenue rising 481% to $25.3 million for the fourth quarter over last year’s $4.4 million for the same time period. It was also a big jump over the third quarter’s revenue of $15.8 million. Agrify delivered […]

Debra BorchardtFebruary 2, 2022

Agrify Corporation (Nasdaq: AGFY) is buying the distillation company Lab Society in a deal valued at $8 million. Agrify said in a statement that Lab Society’s annual revenue for 2021 was approximately $10 million, and the acquisition is expected to be accretive in early 2022. The acquisition is part of Agrify’s strategy to expand beyond just […]

StaffJanuary 26, 2022

Agrify Corporation (Nasdaq: AGFY) has entered into securities purchase agreements with an institutional investor and other accredited investors in a private placement transaction raising approximately $27.3 million. The offering is expected to close on or about January 28, 2022. Agrify said it plans to use the net proceeds from the offering for general corporate purposes, […]

Debra BorchardtJanuary 20, 2022

Agrify Corporation (Nasdaq: AGFY) reported that its fourth-quarter 2021 new bookings exceeded $250 million and the company reaffirmed its fourth-quarter 2021 revenue guidance of $26 million to $28 million, subject to the completion of its standard audit process. “Our record-high revenue and bookings this quarter are a testament to the current strength of our business […]

Debra BorchardtDecember 16, 2021

Agrify Corp. (NASDAQ: AGFY) stock dropped by 20% on news that short seller Bonitas Research, released a report alleging multiple problems with Agrify. The allegations in the report stated, “We believe that Agrify created artificial demand for its product by financing undisclosed company insiders to act as independent customers.” In response an Agrify spokesperson said, […]

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Tag: Agrify

Headwinds Cause Cannabis Companies To Adapt Finances

Agrify Reports Losses, Lowers Guidance

Agrify Expected To Miss Revenue As Hydroponics Falter

Agrify Beats Revenue Estimates, Reiterates Guidance

Despite Falling Stock Prices, Cannabis Leaders Are Optimistic

Agrify’s Revenue Jumps From Third Quarter

Agrify Buys Lab Society For $8 Million

Agrify Raises $27 Million In Private Placement

Agrify Reaffirms Fourth Quarter Guidance Of $26 Million

Agrify Shares Fall On Short Seller Report

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Lykos Therapeutics Secures $100M in Series A Funding, Rebrands from MAPS PBC

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