AGFY - Agrify Corporation Announces $500K Turnkey Extraction Equipment Deal with Grotech Farms LLC in Bridgeton NJ | Benzinga
TROY, Mich., June 11, 2024 (GLOBE NEWSWIRE) -- Agrify Corporation (NASDAQ:AGFY) ("Agrify" or the "Company"), a leading provider of innovative cultivation and extraction solutions for the cannabis industry, today announced the signing of a $500K Turnkey Hydrocarbon Extraction and Lab Equipment Package with Grotech Farms LLC ("Grotech" or the "Customer"), an annual licensed cannabis operator founded by Miriam Porter and partners.
Grotech Farms has purchased Agrify's Turnkey PX10 Hydrocarbon Extraction and Lab Equipment Package, which includes a PX10 Hydrocarbon Extractor, Cascade Sciences Vacuum Ovens, a 10L Decarboxylation Package, Diamond-Miners, and a Short-Path Distillation System. Grotech Farms will be creating a wide range of craft concentrates, live resin, and distillate to introduce to the Garden State. In addition, Grotech Farms has also purchased Agrify's UL-Compliant C1D1 Explosion Proof Room to operate and extract quality products in. Agrify's safe and easy to install C1D1/C1D2 extraction rooms are designed to be easily set up in less than one day and are equipped with a PSI technical report certification for professional engineers to field verify in all 50 states.
Raymond Chang, Chairman and CEO of Agrify, shared that "We are extremely excited to be Grotech Farm's extraction technology partner of choice. It's fantastic to see the continuous adoption of Agrify's extraction technologies in the Garden State. We are thrilled to be part of the process ...