News Releases

10 NOVEMBER 2021

Agrify Strengthens Executive Leadership Team to Further Support Growth Initiatives

Thomas Massie Becomes New President and Chief Operating Officer Timothy Oakes Transitions to Chief Financial Officer BILLERICA, Mass., Nov. 10, 2021 (GLOBE NEWSWIRE) -- Agrify Corporation (Nasdaq:AGFY) (“Agrify” or the “Company”), a vertically integrated provider of premium cultivation and
10 NOVEMBER 2021

Agrify Announces Third Quarter 2021 Financial Results

Revenue grew 460% year -over-year and 33% sequentially to $15.8 million in Q3 2021 New bookings of $32.2 million, increasing total backlog to $117.5 million Q4 2021 bookings expected to top $100 million, Q4 2021 revenue expected to be approximately $26 million to $28 million, and full year guidance
08 NOVEMBER 2021

Agrify Announces Third Massachusetts-Based 10-Year TTK Partnership with Kief USA, LLC

485 of Agrify’s Vertical Farming Units to be installed at 84,000-square-foot facility with over $68.7 million in revenue expected over the first three years of cultivation BILLERICA, Mass., Nov. 08, 2021 (GLOBE NEWSWIRE) -- Agrify Corporation (Nasdaq:AGFY) (“Agrify” or the “Company”), a vertically
28 OCTOBER 2021

Agrify Announces Entry into Arizona Cannabis Market through Partnership with Olive El Mirage

400 of Agrify’s Vertical Farming Units to be installed at 30,000-square-foot facility with potential for the deal’s value to be approximately $23.8 million BILLERICA, Mass., Oct. 28, 2021 (GLOBE NEWSWIRE) -- Agrify Corporation  (Nasdaq: AGFY) (“Agrify” or the “Company”), a vertically integrated
27 OCTOBER 2021

Agrify to Host Third Quarter 2021 Results Conference Call

BILLERICA, Mass., Oct. 27, 2021 (GLOBE NEWSWIRE) -- Agrify Corporation (Nasdaq: AGFY) (“Agrify” or the “Company”), a vertically integrated provider of premium cultivation and extraction solutions for the cannabis and hemp industry, today announced it will host a conference call and webcast to
19 OCTOBER 2021

Agrify Introduces Vertical Farming Unit Next Generation Technology

Enhanced Vertical Farming Units to be Unveiled at MJBizCon 2021 BILLERICA, Mass., Oct. 19, 2021 (GLOBE NEWSWIRE) -- Agrify Corporation (Nasdaq: AGFY) (“Agrify” or the “Company”), a vertically integrated provider of premium cultivation and extraction solutions for the cannabis and hemp industry,
13 OCTOBER 2021

Agrify Announces October 2021 Conference Participation

BILLERICA, Mass., Oct. 13, 2021 (GLOBE NEWSWIRE) -- Agrify Corporation (Nasdaq: AGFY) (“Agrify” or the “Company”), a vertically integrated provider of premium cultivation and extraction solutions for the cannabis and hemp industry, today announced that the Company will participate at the following
04 OCTOBER 2021

Agrify Acquires Precision Extraction Solutions and Cascade Sciences, Two of the Leading Cannabis and Hemp Extraction, Post-Processing, and Testing Equipment and Services Companies

Acquisition Expands Agrify’s Offerings into the Flourishing Post-Harvest Segment of the Supply Chain, Positioning the Company as the Most Vertically Integrated Total Solutions Provider for its Customers Transaction is Expected to Generate Approximately $40 million in Additional Revenue in 2021 and
12 AUGUST 2021

Agrify Announces Record Second Quarter 2021 Financial Results

Revenue grew 203% year -over-year and 69% sequentially to $11.8 million in Q2 2021 New bookings were $30.7 million, bringing total backlog up to record $101.1 million BILLERICA, Mass., Aug. 12, 2021 (GLOBE NEWSWIRE) -- Agrify Corporation (NasdaqCM:AGFY) (“Agrify” or the “Company”), a developer of
11 AUGUST 2021

Agrify Announces Second TTK Partnership with True House Cannabis LLC

159 of Agrify’s Vertical Farming Units to be installed at 22,000 square foot facility with over $45.3 million in expected revenue over the next 10 years BILLERICA, Mass., Aug. 11, 2021 (GLOBE NEWSWIRE) -- Agrify Corporation (NasdaqCM:AGFY) (“Agrify” or the “Company”), a developer of highly advanced
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