2024-02-06 09:41:37 ET
A Massachusetts-based ag-tech company is turning heads already during Tuesday’s premarket hours after the company announced the successful installation of a PX-30 Hydrocarbon Extraction System at its customer’s Michigan facility.
According to the release, “this installation marks a significant milestone for Agrify, reinforcing the company’s commitment to delivering state-of-the-art solutions to the %Cannabis and hemp industries as operators around the country continue to purchase and operate with Agrify’s latest technologies.”
Traders were eager to get their hands on shares of %AgrifyCorporation (Nasdaq: AGFY) as bids right before the opening bell are at $0.8103/share (+26.59% implied open for sellers) at the time of writing. It should be an exciting session for this micro cap!
Agrify Corp provides hardware and software grow solutions for the indoor agriculture marketplace and provides equipment and solutions for cultivation, extraction, post-processing, and testing for the cannabis and hemp industry. The products offered by the company include Integrated Grow Racks, LED Grow Lights, Hydroponics, and Vertical Farming Units.