Agrify announces $3.4M sales order from New Jersey HarvestWorks Farm

Agrify Corporation announced the signing of a multi-year cultivation and extraction deal with HarvestWorks Farm, New Jersey, a licensed New Jersey operator. The multi-faceted transaction includes a $3.4M cultivation and extraction order for 156 of Agrify’s Vertical Farming Units and a complete Turnkey Pure Pressure Solventless extraction Lab Package, a 2-year Service Support Agreement at $350 per pound Production Success Fees, and a 5-year of approximately $1 million SaaS Fee Agreement. Raymond Chang, Chairman and CEO of Agrify, shared that “Agrify is pleased to have the opportunity to work with Rita and her amazing team at HarvestWorks Farm in this fast-growing and exciting new market. Rita is a proven, successful, and an award-winning serial entrepreneur with deep knowledge and passion in the Cannabis industry. Agrify is excited to be HarvestWorks’ partner of choice. Together, we will work to bring the some of the most innovative and high-quality products to the Garden State.”