TROY, Mich., May 22, 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 an approximately $13.8 million debt-to-equity conversion by CP Acquisitions, LLC and GIC Acquisitions LLC. As a result of the conversion, the Company is expected to regain compliance with Nasdaq's Listing Rule, achieving stockholder's equity of at least $2.5 million as of the date of conver ...

TROY, Mich., May 22, 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 an approximately $13.8 million debt-to-equity conversion by CP Acquisitions, LLC and GIC Acquisitions LLC. As a result of the conversion, the Company is expected to regain compliance with Nasdaq’s Listing Rule, achieving stockholder’s equity of at least $2.5 million as of the date of conve ...

Company achieves near break-even quarterly results TROY, Mich., May 21, 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 financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Results Summary Revenue was $2.6 million for the first quarter of 2024, compared to $5.8 million for the first quarter of 2023.Gross profit was $0.73 ...

Company achieves near break-even quarterly results TROY, Mich., May 21, 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 financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Results Summary Revenue was $2.6 million for the first quarter of 2024, compared to $5.8 million for the first quarter of 2023.Gross profit was $0.73 ...

公司概况 - 公司是一家为室内商业农业行业开发专有精密硬件和软件种植解决方案的开发者[90] 战略计划 - 公司在2023年初宣布了通过成本效率和增强销售和增长计划来促进可持续长期增长的战略计划[91] 业务拓展 - 公司成功支持了多个完整的基于溶剂和无溶剂提取包的部署，包括在加利福尼亚、密歇根和东海岸的客户[92] 财务变动 - 公司在2024年1月25日进行了注释、合并和转换，将未偿还的本金和利息合并到可转换票据中，并修订和重新制定了可转换票据[93] - 公司于2023年10月17日收到了纳斯达克的关于未能及时提交季度报告的继续上市要求的通知[94] - 公司于2024年2月27日与Alexander Capital, LP签订了一项放置代理协议，同意发行和出售总计276万股普通股[96] 收入确认 - 公司根据ASC 606“收入确认”从与客户的合同中产生收入，使用了一个五步模型[100] - 公司识别客户合同时通常会获得客户和公司的批准和承诺，确定交易价格，并在客户合同中识别性能义务[101] 财务表现 - 三个月截至2024年3月31日的总收入为2,598美元，较去年同期下降了55.2%[114] - 净亏损为38美元，较去年同期减少了99.6%[114] - 2024年3月31日，公司总收入为2,598千美元，同比下降55%[115] - 2024年第一季度，营收主要下降来源于设施建设和提取解决方案[116] - 2024年3月31日，成本销售为1,869千美元，同比下降61%[117] - 2024年第一季度，毛利为729千美元，同比下降26%[118] - 公司预计通过提取相关收入贡献的毛利率将达到中等水平[119] - 2024年3月31日，总管理费用为2,952千美元，同比下降57%[120] - 2024年第一季度，研发费用为275千美元，同比下降63%[121] - 2024年3月31日，销售和营销费用为462千美元，同比下降71%[123] - 2024年第一季度，利息支出减少82%，为145千美元[124] 现金流 - 公司持有的现金及现金等价物和有价证券总额为0.1百万美元[126] - 2024年第一季度投资活动中，投资现金流为328.0千美元，主要用于购买固定资产和设备[131] - 2023年第一季度投资活动中，投资现金流为980万美元，包括购买固定资产和设备、发行应收票据和出售证券所产生的现金流[131] - 2024年第一季度融资活动中，融资现金流为230万美元，主要来源于偿还应付票据和发行普通股和认股权证[132] - 2023年第一季度融资活动中，融资现金流为930万美元，主要用于偿还应付票据，部分偿还来自市场发行的150万美元[132]

TROY, Mich., May 20, 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 that Agrify Corporation and Nature's Miracle Holdings Inc. (NASDAQ:NMHI) ("Nature's Miracle") have mutually agreed to terminate the agreement and plan of merger, previously announced on May 16, 2024, given unfavorable market conditions. In connection with the termination of the merger, Agri ...

TROY, Mich., May 20, 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 that Agrify Corporation and Nature’s Miracle Holdings Inc. (NASDAQ: NMHI) (“Nature’s Miracle”) have mutually agreed to terminate the agreement and plan of merger, previously announced on May 16, 2024, given unfavorable market conditions. In connection with the termination of the merger, Agr ...

ONTARIO, Calif., May 20, 2024 /PRNewswire/ -- Nature's Miracle Holding Inc. (NASDAQ: NMHI) ("Nature's Miracle" or the "Company"), a leader in vertical farming technology and infrastructure, announced today that both Nature's Miracle and Agrify Corporation (NASDAQ: AGFY) ("Agrify"), have mutually agreed to terminate the previously announced plan to merge, originally announced on May 16, 2024. Given unfavorable market conditions, a decision was reached to terminate the planned merger.In connection with the te ...

This Is How To Make Money In The Cannabis SectorMarijuana stock investors see the future of cannabis as being even more profitable in the market. But what is triggering this speculation surrounding investing in cannabis? The cannabis industry has come a long way over the years with over 50% of the USA having established cannabis markets. Even with no federal reform set in place companies have been seeing great success. When continuous growth and money is being made it creates excitement among those who inve ...

NEW YORK, May 16, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and is investigating Agrify Corporation (NASDAQ: AGFY), relating to its proposed merger with Nature's Miracle Holding Inc. Under the terms of the agreement, Agrify shareholders will each be issued 0.45 of a share o ...