AGFY - Cannabis Cultivation Solutions Provider Agrify Announces $500K Turnkey Extraction Equipment Deal With This NJ Co. | Benzinga
Agrify Corporation (NASDAQ:AGFY) announced on Tuesday that it has signed a $500 000 turnkey hydrocarbon extraction and lab equipment package with Grotech Farms LLC, an annual licensed cannabis operator founded by Miriam Porter and partners.
What Happened
Grotech Farms has bought Agrify's Turnkey PX10 Hydrocarbon Extraction and Lab Equipment Package, which includes the following:
- A PX10 Hydrocarbon Extractor;
- Cascade Sciences Vacuum Ovens;
- A 10L Decarboxylation Package;
- Diamond-Miners; and
- A Short-Path Distillation System.
See also: Cannabis Tech Firm Agrify Significantly Cuts Loss, But Also Sees Revenue Decline
Why It Matters
Grotech Farms will be creating a wide range of craft concentrates, live resin and distillate to introduce to New Jersey.
"It's fantastic to see the continuous adoption of Agrify's extraction technologies in ...