Reported 29 days ago
Agrify Corporation (NASDAQ:AGFY) is shifting from cultivation technology to focusing on hemp-derived THC beverages, having recently sold its cultivation business. The company acquired the award-winning beverage brand Señorita to enhance its product offerings amid rising consumer demand for cannabis alternatives. With $25.9 million raised in funding, Agrify aims to scale its beverage operations and explore new cannabis products, while recent board changes reflect its new consumer-centric strategy.
Source: YAHOO