Agrify Corporation Announces Turnkey Hydrocarbon Extraction Equipment Contract With Connecticut-Based Company New England Edibles, dba SoundView
Portfolio Pulse from Benzinga Newsdesk
Agrify Corporation (NASDAQ:AGFY) has signed a contract with Connecticut-based New England Edibles, dba SoundView, to provide a Turnkey Hydrocarbon Extraction and Lab Equipment Package. This package includes various extraction systems and services to assist SoundView in meeting compliance for operation in Connecticut. SoundView, a woman and veteran-owned startup, aims to process and manufacture cannabis products for the CT market. Agrify's support encompasses design, equipment, and training, facilitating SoundView's setup for extraction capabilities.
March 28, 2024 | 12:08 pm
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Agrify Corporation has secured a contract with SoundView for a comprehensive hydrocarbon extraction equipment package, indicating a potential increase in revenue and market presence in the cannabis extraction sector.
The contract with SoundView represents a direct revenue opportunity for Agrify and highlights its competitive position in providing turnkey solutions in the cannabis industry. This partnership could enhance Agrify's market presence and is likely to be viewed positively by investors, potentially leading to a short-term uptick in AGFY's stock price.
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