Agrify’s Enters Into First Hydrocarbon Extraction Lab & Vertical Farming Unit Facility in California

January 18, 2024

https://www.globenewswire.com/news-release/2024/01/18/2811434/0/en/Agrify-s-Enters-Into-First-Hydrocarbon-Extraction-Lab-Vertical-Farming-Unit-Facility-in-California.html

TROY, Mich., Jan. 18, 2024 (GLOBE NEWSWIRE) — Agrify Corporation (Nasdaq:AGFY) (“Agrify” or the “Company”), a leading provider of innovative cultivation and extraction solutions for the cannabis industry, today announced it has entered into a multi-million dollar sales agreement (“the Agreement”) with Ocean Deep/Golden Lake Business Park, a California-based vertically integrated cannabis operator. Ocean Deep will be extracting products with Agrify’s turnkey PX30 Hydrocarbon Extraction Lab Package to bolster its product offerings. Ocean Deep is also expected to begin operation with an estimated 120 Vertical Farming Units (“VFUs”) sold by the Company to produce high-quality cannabis flower in 2024.

Read more at globenewswire.com

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