Agrify Secures $35M to Revolutionize Cannabis Cultivation & Extraction Technologies

Agrify, the most innovative provider of premium cultivation and extraction solutions for the cannabis and hemp industry, is thrilled to announce a significant funding milestone with a successful raise of $35,000,000. This latest infusion of capital marks a pivotal moment for the company and underscores investor confidence in Agrify’s groundbreaking approach and cutting-edge technology. As leaders in the field, Agrify’s proprietary micro-environment-controlled Vertical Farming Units (VFUs) are transforming how producers achieve unmatched consistency, yield, and ROI. These VFUs not only enable the production of the highest quality products but also set a new benchmark for scalable, precision farming that meets evolving industry demands. In addition to their state-of-the-art cultivation solutions, Agrify’s acclaimed extraction brands, PurePressure and Precision Extraction, offer a comprehensive range of products for every stage of the extraction process, including hydrocarbon, ethanol, solventless methods, post-processing, and specialized lab equipment. This dual-pronged strategy ensures that producers can maximize both the quantity and quality of extracts, achieving award-winning concentrates that continue to push industry standards. The purpose of this new funding is multifold. Agrify will channel the investment into expanding its production capabilities, enhancing research and development initiatives, and accelerating market penetration to further revolutionize the cannabis and hemp sectors. With plans to broaden its technological footprint and explore novel applications in vertical farming and extraction, Agrify is well-positioned to drive forward innovation and secure its leadership in this dynamic market. This funding not only catalyzes immediate expansion but also lays a robust foundation for long-term success and sustainable growth in an ever-changing industry landscape.