Agrify Issues $30 Million Secured Convertible Notes

An announcement from Agrify ( (AGFY) ) is now available.

On May 20, 2025, Agrify Corporation entered into a Purchase Agreement with VCP IP Holdings, LLC, acquiring MC Brands LLC and its subsidiary Core Growth LLC, which primarily hold intellectual property rights to the incredibles brand. This acquisition, valued at $5,075,000, strengthens Agrify’s position in the cannabis industry, with Green Thumb Industries indirectly owning a significant portion of Agrify’s shares. Additionally, Agrify’s subsidiaries entered into various licensing agreements with Green Thumb’s subsidiaries, granting exclusive rights to use intellectual property related to the incredibles, Beboe, and Rythm brands. These agreements are expected to enhance Agrify’s market presence in the cannabis sector. On May 22, 2025, Agrify issued $30 million in Secured Convertible Notes to RSLGH, LLC and other investors, further solidifying its financial standing and growth potential.

Spark’s Take on AGFY Stock

According to Spark, TipRanks’ AI Analyst, AGFY is a Neutral.

Agrify’s overall stock score reflects significant financial difficulties, including declining revenues and negative cash flows, which are major concerns. While technical indicators suggest some near-term momentum, the valuation remains unattractive due to the lack of profitability. Recent corporate events indicate efforts to address financial issues, but the negative sentiment around these events highlights the ongoing challenges the company faces.

To see Spark’s full report on AGFY stock, click here.

More about Agrify

Average Trading Volume: 30,103

Technical Sentiment Signal: Hold

Current Market Cap: $49.53M

For a thorough assessment of AGFY stock, go to TipRanks’ Stock Analysis page.