Cannabis Cultivation Solutions Provider Agrify Announces $500K Turnkey Extraction Equipment Deal With This NJ Co.
Portfolio Pulse from Jelena Martinovic
Agrify Corporation (NASDAQ:AGFY) has signed a $500,000 deal with Grotech Farms LLC for turnkey hydrocarbon extraction and lab equipment. This deal will enable Grotech Farms to produce a variety of cannabis concentrates in New Jersey.
June 11, 2024 | 1:40 pm
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Agrify Corporation has secured a $500,000 deal with Grotech Farms for turnkey hydrocarbon extraction and lab equipment. This partnership will enhance Agrify's presence in the New Jersey cannabis market.
The $500,000 deal with Grotech Farms is a significant revenue boost for Agrify and strengthens its market position in New Jersey's growing cannabis industry. This positive development is likely to have a favorable short-term impact on AGFY's stock price.
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