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AGRIFY CORPORATION

(AGFY)
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Agrify Receives Hemp Cultivation and Production License, Opens New Facility and Product Showcase in Billerica, Massachusetts

07/14/2021 | 07:00am EDT

Agrify Corporation announced that it has received a license from the state of Massachusetts for the cultivation and production of industrial hemp (the “License”) at the Company’s Billerica, Massachusetts facility (the “Facility”). Under the License, Agrify expects to cultivate up to 3,000 plants per year. Concurrent with the receipt of the License, the Company also announced it has officially opened its product showcase and corporate office at the Billerica location to customers and visitors. Cultivation at the Facility is slated to begin in August 2021 with the programs initially focusing on the optimization of chemical metabolite production, increasing biomass, and delivering cultivation grow plans designed to elicit specific chemotypic and phenotypic trait expression in hemp plants. The newly opened Facility features eleven Vertical Farming Units (“VFUs”) and one Integrated Grow Rack, each highlighting the impact that Agrify’s VFUs have on quality, consistency, and yield in hemp cultivation. The Billerica center will provide a venue for research, training, hands-on education, and the optimization of processes that will improve the outcomes and success of Agrify’s customers.


© S&P Capital IQ 2021
All news about AGRIFY CORPORATION
09/20AGRIFY : VIA ELECTRONIC MAIL (Form 8-K)
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09/20AGRIFY CORP : Entry into a Material Definitive Agreement (form 8-K)
AQ
08/16AGRIFY : Maxim Group Adjusts Agrify PT to $40 From $22, Maintains Buy Rating
MT
08/13AGRIFY : Craig-Hallum Adjusts Agrify's Price Target to $32 From $25, Reiterates ..
MT
08/13Agrify Corporation Reports Earnings Results for the Second Quarter Ended June..
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08/13AGRIFY : Management's Discussion and Analysis of Financial Condition and Results..
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08/12AGRIFY : Announces Record Second Quarter 2021 Financial Results (Form 8-K)
PU
08/12AGRIFY CORP : Results of Operations and Financial Condition, Financial Statement..
AQ
08/12AGRIFY : Earnings Flash (AGFY) AGRIFY Reports Q2 Revenue $11.8M
MT
08/12AGRIFY : Announces Record Second Quarter 2021 Financial Results
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Analyst Recommendations on AGRIFY CORPORATION
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Financials (USD)
Sales 2021 49,9 M - -
Net income 2021 -21,3 M - -
Net Debt 2021 - - -
P/E ratio 2021 -19,4x
Yield 2021 -
Capitalization 451 M 451 M -
Capi. / Sales 2021 9,04x
Capi. / Sales 2022 5,55x
Nbr of Employees 66
Free-Float 77,8%
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Mean consensus BUY
Number of Analysts 4
Last Close Price 21,95 $
Average target price 34,33 $
Spread / Average Target 56,4%
EPS Revisions
Managers and Directors
Raymond N. Chang Chairman, President & Chief Executive Officer
Niv Krikov Chief Financial Officer
Robert Harrison Chief Operating Officer
Thomas L. Massie Independent Director
Krishnan Varier Independent Director
Sector and Competitors