Agrify Corporation (AGFY) has announced that CP Acquisition LLC and its existing institutional lender have signed an agreement under which CP Acquisition purchased all of the outstanding convertible and senior secured notes of Agrify held by the existing lender. CP Acquisition also plans to participate in a future equity raise to inject new capital into the company. The company's CEO, Raymond Chang, is one of the principals of CP Acquisition. The debt reduction and potential for future capital injections position Agrify to rebound and reestablish itself as a preeminent solution provider for the cannabis industry.