Agrify Corporation Raises $25.9M for THC Beverage Growth

Reported 2 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

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