NEWS
Agrify Secures Financing From Green Thumb Industries and Announces New Leadership
Agrify (AGFY) has secured a $20 million convertible secured note from a Green Thumb Industries subsidiary, with $10M available at closing. Green Thumb also acquired an ownership stake in Agrify through stock and warrant purchases from outgoing executives. Benjamin Kovler, Green Thumb's Founder and CEO, has been appointed as Agrify's Chairman and Interim CEO, replacing Raymond Chang. Additionally, Richard Drexler and Armon Vakili joined the Board, bringing total membership to six. The company will continue operating independently, retaining the majority of its existing management team and independent Directors.
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