Agrify Corporation Announces Results for Third Quarter 2024
Agrify Corporation (AGFY)
Company Research
Source: GlobeNewswire
TROY, Mich., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Agrify Corporation (Nasdaq:AGFY) (“Agrify” or the “Company”), a leading provider of branded innovative solutions for the cannabis and hemp industries, today announced financial results for the quarter ended September 30, 2024. Third Quarter 2024 Financial Results Summary Revenue was $1.9 million for the third quarter of 2024Gross profit was $0.2 million for the third quarter of 2024 Net loss for the third quarter of 2024 was $18.6 million, primarily attributed to a $15 million change in fair value of warrant liabilities As of November 14, 2024, Agrify has approximately 1.5 million shares of common stock outstanding and 6.3 million warrants Recent Developments Secured new convertible note financing of up to $20 million with an initial draw of $10 million from Green Thumb Industries on November 5, 2024Ben Kovler was appointed Chairman and Interim CEO on November 5, 2024Announced intent to acquire the Señorita brand of hemp-de
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AGFY
News
- Agrify Announces $25.9 Million Non-Brokered Private Placement [Yahoo! Finance]Yahoo! Finance
- Agrify Announces $25.9 Million Non-Brokered Private PlacementGlobeNewswire
- Agrify Corporation Announces Results for Third Quarter 2024 [Yahoo! Finance]Yahoo! Finance
- Agrify Corporation Announces Plans to Acquire the Señorita Brand of THC BeveragesGlobeNewswire
- Agrify Secures Financing from Green Thumb Industries and Announces New LeadershipGlobeNewswire
AGFY
Sec Filings
- 11/21/24 - Form 4
- 11/21/24 - Form 4
- 11/21/24 - Form 4
- AGFY's page on the SEC website