UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): February 21, 2024 AGRIFY CORPORATION (Exact name of registrant as specified in its charter) Nevada 001-39946 30-0943453 (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No. ) 2468 Industrial Row Dr. Troy, MI 48084 (Address of principal executive ...

Core Insights - Agrify Corporation has successfully installed a PX-30 Hydrocarbon Extraction System at a customer's facility in Michigan, marking a significant advancement in hydrocarbon extraction technology for the cannabis industry [1][4] Company Overview - Agrify is a leading provider of innovative cultivation and extraction solutions for the cannabis industry, focusing on data, science, and technology to enhance market offerings [5] - The company offers a comprehensive extraction product line, including hydrocarbon, ethanol, and solventless extraction systems, aimed at maximizing the quality and quantity of cannabis extracts [5] Product Features - The PX-30 Hydrocarbon Extraction System is designed for high extraction efficiency, capable of producing over 240 lbs. of high-quality extracts per 8-hour shift [3] - The system features an operational design that prioritizes user experience, with ultra-low temperature operation and fast recovery times, ensuring ease of use for operators [3] - Safety and compliance are key aspects of the PX-30, which is built to meet 3A sanitary and cGMP standards [3] Customer Engagement - Lume Cannabis, the customer utilizing the PX-30 system, previously operated with Agrify's XMU Hydrocarbon Extraction System and upgraded to the PX-30 to meet growing demand for premium extracts [2] - The Lab Manager at Lume Cannabis expressed satisfaction with the installation process and the support provided by Agrify's Precision Extraction Solutions team [2]

TROY, Mich., Jan. 31, 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 that the Company has received formal notification that the Nasdaq Hearings Panel (the "Panel") has granted the Company's request for continued listing on The Nasdaq Capital Market pursuant to an extension through April 15, 2024, to evidence compliance with Nasdaq Listing Rule 5550(b)(1) (t ...

Group 1 - Agrify (NASDAQ:AGFY) stock is experiencing significant movement due to updates on share ownership, particularly the transfer of a convertible senior note to CP Acquisitions, which allows conversion into AGFY shares [1] - CP Acquisitions, controlled by Agrify's president and CEO Raymond Nobu Chang, holds a total of securities equivalent to a 49.99% stake in the company, with a limit preventing ownership from exceeding this percentage [1] - Other entities, including M Zion Capital, LLC, M Olivet Capital, LLC, and M Cannan Capital, LLC, also hold shares of AGFY stock, contributing to the overall 49.99% stake held by CP Acquisitions [1] Group 2 - The news has led to heavy trading activity, with over 13 million shares of AGFY changing hands, significantly above the daily average of approximately 1.4 million shares [2] - As of Tuesday morning, AGFY stock has increased by 60.6% [2]

Core Insights - The industrials sector is currently experiencing a trend of oversold stocks, presenting potential buying opportunities for undervalued companies [1] Agrify Corporation (AGFY) - Agrify announced a sales agreement with a California-based cannabis operator for its Hydrocarbon Extraction Lab facility, indicating confidence in its technology [2] - The stock has fallen approximately 33% over the past five days, reaching a 52-week low of $0.5710 [2] - The RSI value for Agrify is reported at 25.88, with shares closing at $0.6050 after a 6.6% decline [2] SES AI Corporation (SES) - SES AI reported a narrower-than-expected third-quarter loss and is nearing a significant milestone in transitioning to B samples for Li-Metal batteries [3] - The stock has decreased around 18% in the last five days, with a 52-week low of $1.20 [3] - The RSI value for SES is 28.63, with shares closing at $1.23 after a 1.7% gain [3] Spirit Airlines, Inc. (SAVE) - JetBlue Airways disclosed challenges in complying with provisions of a $3.8 billion merger deal, impacting Spirit Airlines' stock performance [4] - The stock has dropped approximately 62% over the past month, reaching a 52-week low of $4.04 [4] - The RSI value for Spirit Airlines is 25.99, with shares closing at $6.25 after a 13.4% decline [4]

Industry Overview - The cannabis industry is experiencing a shift from short-term investing to mid to long-term holds, with expectations for growth in 2024 due to potential cannabis reform discussions during the election year [1][2] - Legal cannabis is generating significant revenue, making it an attractive investment opportunity [1] Company Highlights - **Innovative Industrial Properties, Inc.**: This company focuses on acquiring and managing properties leased to licensed cannabis operators. It declared a Q4 2023 dividend of $1.82 per share, totaling $7.22 for the year, marking an annual increase since its inception in 2016 [3] - **NewLake Capital Partners, Inc.**: This real estate investment trust provides capital to cannabis operators through sale-leaseback transactions. It increased its Q4 2023 dividend to $0.40 per share, equivalent to an annualized dividend of $1.60, payable on January 12, 2024 [4][5] - **AFC Gamma, Inc.**: This company specializes in providing secured loans to cannabis businesses. It declared a quarterly dividend of $0.48 for Q4 2023, consistent with the previous quarter, payable on January 12, 2024 [6][8]

TROY, Mich., Jan. 25, 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 that the shareholders of the Company approved an amendment to the Company's Articles of Incorporation to increase the number of authorized shares of the Company's common stock from 10,000,000 to 35,000,000 (the "Charter Amendment"), that all its outstanding debt held by CP Acquisitions LLC ...

Core Insights - Agrify Corporation has entered into a multi-million dollar sales agreement with Ocean Deep/Golden Lake Business Park to provide its PX30 Hydrocarbon Extraction Lab Package and Vertical Farming Units [1][3] - The PX30 Hydrocarbon Extraction System is noted for its efficiency, capable of processing up to 240+ lbs. of material per 8-hour shift, making it one of the largest and fastest extractors available [2] - The partnership aims to enhance product offerings and quality in the competitive California cannabis market, leveraging Agrify's advanced technologies [3][4] Company Overview - Agrify is recognized as a leading provider of innovative cultivation and extraction solutions for the cannabis industry, focusing on data, science, and technology to improve product quality and consistency [5] - The company offers a range of products including micro-environment-controlled Vertical Farming Units and various extraction systems, which are designed to maximize yield and return on investment for cultivators [5] Industry Context - The cannabis industry is experiencing continuous innovation and a commitment to safety, with companies like Agrify adapting to meet expanding market demands [4]

Core Points - Agrify Corporation held its Annual Meeting of Stockholders on January 8, 2024, where all business items were considered except for the proposal to increase authorized shares [1] - Approximately 50.6% of the outstanding shares were represented at the meeting, indicating a quorum [1] - The Authorized Share Proposal requires a majority vote and was supported by approximately 45.4% of the outstanding shares as of the record date [2] - The meeting was adjourned until January 22, 2024, to allow for further voting on the Authorized Share Proposal [2] Voting Results - Shareholders can attend the reconvened meeting virtually on January 22, 2024, at 10:00 a.m. Eastern Time [3] - Shareholders who have already submitted their proxy do not need to resubmit, and the record date remains December 6, 2023 [3] - The company encourages shareholders who have not yet voted to do so by January 21, 2024 [4] Additional Proposals - Director nominees were re-elected, and one new director was elected, bringing the total to six directors [6] - Marcum LLP was ratified as Agrify's independent registered public accounting firm for 2023 with over 94.9% of votes in favor [6] - A proposal to increase the number of shares underlying a warrant passed with 96.5% support [6] - An amendment to the Senior Secured Convertible Note held by CP Acquisitions LLC passed with 92.1% support [8] - An amendment to the Agrify Corporation 2022 Omnibus Equity Incentive Plan passed with 97.0% support [8] - A proposal to adjourn the meeting for additional proxy solicitation passed with 95.8% support [8] Company Overview - Agrify is a provider of innovative cultivation and extraction solutions for the cannabis industry, focusing on data, science, and technology [9] - The company offers micro-environment-controlled Vertical Farming Units (VFUs) to enhance product quality and yield [9] - Agrify's extraction product line includes various methods to maximize the quality and quantity of cannabis extracts [9]

The Best Marijuana Stocks For Investors?Starting the new year marijuana stock investors are looking for more ways to take profits. If you have been following the cannabis sector specifically the publicly traded side then you know how volatility has left most marijuana stocks. That’s the thing volatility can be an advantage to investing but it can also lead to issues. So for instance when there is a volatile decline a recovery can take a while. Yet when there is recovery due to how volatile trading can get r ...