Core Insights - The initial public offerings are increasing, but 2024 has been disappointing for investors in merger stocks due to failed deals like iRobot and Southwest Airlines [1] - Despite setbacks, there are still promising merger stock opportunities, with two expected to close soon and one presenting significant upside potential [1] Group 1: Agrify Corp (AGFY) - Agrify Corp is highlighted as a merger arbitrage opportunity and a penny stock, with a current market cap of $4.25 million, set to merge with Nature's Miracle, valued at approximately $22.5 million [2][3] - The merger deal is priced at $6.35 million, translating to $0.4185 per share of Agrify, representing a nearly 40% premium over its current share price [3] - Nature's Miracle aims to integrate Agrify's AI-powered cannabis cultivation technology, which could lead to significant growth as cannabis legalization progresses [3] Group 2: Six Flags Entertainment (SIX) - Six Flags is in the process of merging with Cedar Fair, with the deal expected to close within the first half of 2024, likely within 45 days [5] - Current Six Flags investors will receive a special one-time dividend of $1 per share upon conversion at a 0.58 exchange ratio, with Deutsche Bank estimating a target share price of $29, an 8% premium over current pricing [6] Group 3: Banco De Sabadell (BNDSY) - BBVA has made a $12.87 billion bid for Banco De Sabadell, which was initially rejected, leading to a hostile takeover attempt [7] - The current per-share price of Banco De Sabadell is approximately $4.78, indicating a 16% potential upside if the takeover is successful [7] - The situation presents significant volatility, with potential for share price surges depending on the outcome of the takeover attempt [7]

Ancillary Companies Shaping the Future of CannabisThis week, several marijuana stocks are drawing attention due to their volatility and potential for growth. The cannabis industry in the U.S. has seen remarkable progress, particularly with more states legalizing its use. According to recent statistics, the U.S. cannabis market is expected to grow substantially. By 2025, sales are projected to surpass $30 billion, indicating a robust expansion from current levels. Furthermore, recent headlines have highlight ...

Combined Entity is Expected to Become the Leading Provider of CEA Products and SolutionAGRIFY Brings Industry-Leading Cultivation and Extraction Solution ServiceImmediately Realizable Financial and Operational Synergies UPLAND, Calif., April 17, 2024 (GLOBE NEWSWIRE) --  Nature's Miracle Holding Inc. (NASDAQ:NMHI) ("Nature's Miracle" or the "Company"), a leader in vertical farming technology and infrastructure, today announced it has entered into a term sheet to acquire 100% of all the outstanding shares of ...

TROY, Mich., April 15, 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 financial results for the fiscal year ended December 31, 2023. During the quarter ended December 31, 2023, the Company achieved its first positive quarterly net income of approximately $572,000. Fourth Quarter 2023 Financial Results Summary Revenue was $2.8 million for the fourth quarter ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 001-39946 AGRIFY CORPORATION (Exact name of registrant as specified in its charter) | --- | --- | --- | |-------|-------|------ ...

Core Insights - Agrify Corporation announced the publication of new research on leafy green production in vertical farms conducted by the University of Georgia's Controlled Environmental Agriculture program using Agrify's Model R Horticulture LED lights [1][2] Group 1: Agrify's Technology and Research Collaboration - Agrify's Model R Horticulture LED lights, which are spectrum adjustable and certified by UL, DLC, and NSF, have been utilized by the University of Georgia since the opening of its first indoor research facility [2] - The Model R LED lights have demonstrated the ability to enhance cultivation yields and quality across various plant types, specifically in the cultivation of leafy greens like lettuce and spinach [2] - The research led by UGA's Associate Professor Rhuanito Ferrarezi focused on optimal airflow and nutrient levels for leafy green production in vertical farms, resulting in findings published on March 14, 2024 [3] Group 2: Impact and Future Directions - David Kessler, Chief Science Officer of Agrify, expressed satisfaction with the impact of Agrify's lighting research sponsorship on advancing UGA's research in indoor controlled environmental agriculture [4] - The collaboration aims to prepare the next generation of indoor horticulturalists and farmers, with expectations for continued support of the CEA program's indoor vertical farm [4] - Agrify's comprehensive approach combines data, science, and technology to enhance the quality and consistency of cannabis cultivation and extraction processes [6]

Core Insights - Agrify Corporation has signed a Turnkey Solventless Extraction and Lab Equipment Package with Blackstone Valley Cannabis, enhancing its presence in the cannabis industry [1][2] - The equipment package includes advanced extraction tools such as the Axis Trichome Separator and Longs Peak Rosin Press, along with a comprehensive training program for Blackstone Valley's team [2][3] - Agrify's CEO emphasized the company's commitment to quality and customer acquisition, highlighting the partnership with a local operator dedicated to high standards in cannabis production [3] Agrify Corporation - Agrify is recognized as a leading provider of innovative cultivation and extraction solutions for the cannabis industry, focusing on data, science, and technology [4] - The company offers proprietary Vertical Farming Units (VFUs) that enable cultivators to achieve high-quality products with improved consistency and return on investment [4] - Agrify's extraction product line includes various methods such as hydrocarbon, ethanol, and solventless extraction, aimed at maximizing both quantity and quality of cannabis extracts [4] Blackstone Valley Cannabis - Blackstone Valley Cannabis, established in 2018, is committed to quality cannabis production and has recently acquired a Medical Marijuana Treatment Center license [5][6] - The company operates a 24,000 square feet facility for cultivation and extraction, focusing on delivering high-quality products to the market [5] - Blackstone Valley aims to set a new standard for solventless extracts in Massachusetts, leveraging Agrify's advanced extraction equipment and training [2][5]

Core Insights - Agrify Corporation has signed a Turnkey Hydrocarbon Extraction and Lab Equipment Package with Justice Cannabis Co., a multi-state operator expanding into New Jersey [1][2] - The equipment package includes various advanced extraction and lab equipment designed for high-quality cannabis product extraction [2][5] - Justice Cannabis operates 14 dispensaries across 7 states and is focused on providing quality cannabis products [3] Equipment Details - The Turnkey Hydrocarbon Extraction and Lab Equipment Package includes an X10 Hydrocarbon Extractor, Filtration Equipment, a Solvent Recovery System, a 20L Decarboxylation Package, a Diamond-Miner, and a Thin-Film Distillation System [2] - Agrify's UL-Compliant C1D1 Explosion Proof Room is also part of the package, designed for safe and efficient extraction operations [2] Company Background - Justice Cannabis Co. was founded in 2014 by civil rights attorneys and is committed to providing high-quality cannabis products [3] - The company operates three dispensaries in New Jersey under the name Bloc Dispensary and sells flower under the Crops brand [3] Partnership Significance - Agrify's partnership with Justice Cannabis began in 2022 and aims to support the buildout of a 72,000 square feet cultivation and extraction facility [3][4] - Both companies express enthusiasm about the collaboration and the potential for bringing extraction-based products to the New Jersey market [4]

TROY, Mich., Feb. 29, 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 multi-year cultivation and extraction deal with HarvestWorks Farm, New Jersey ("HarvestWorks Farm" or the "Customer"), a licensed New Jersey operator. The multi-faceted transaction includes a $3.4 million cultivation and extraction order for 156 of Agrify's Vertical Farmin ...

TROY, Mich., Feb. 28, 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 pricing of its public offering of 6,723,684 shares of common stock (or pre-funded warrants in lieu thereof) at a public offering price of $0.38 per share. Gross proceeds, before deducting placement agent fees and other offering expenses, are expected to be approximately $2.6 million. T ...