Agrify Closes Sale of its Cultivation Business
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 06 2025
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Should l Buy ?
Source: Newsfilter
Sale of Cultivation Business: Agrify Corporation has sold its cultivation business to CP Acquisitions, LLC, allowing the company to focus on growth areas related to THC demand, particularly in hemp-derived beverages like their award-winning THC Margarita, Señorita.
Future Focus and Expansion Plans: The sale enables Agrify to concentrate on expanding its beverage offerings while separating business segments for better operational focus, as stated by both Agrify's interim CEO and the former chairman.
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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.
