Core Insights - Agrify Corporation has acquired a portfolio of brand intellectual properties from Green Thumb Industries for US$50 million, paid via a convertible note, and will change its name to RYTHM, Inc. with a new Nasdaq ticker symbol "RYM" starting September 2, 2025 [1][6] Group 1: Acquisition Details - The acquired brands include RYTHM, Dogwalkers, Beboe, among others, and Agrify has entered into a licensing agreement allowing Green Thumb Industries to manufacture and distribute these brands [1][6] - This acquisition is seen as a strategic move to enhance Agrify's position in the well-being consumer space, aiming for rapid topline growth through licensing revenue and sales of hemp-derived THC products [2][3] Group 2: Market Position and Future Outlook - The Chairman and Interim CEO of Agrify stated that the demand for THC is increasing as consumers seek alternatives to alcohol, positioning the company favorably for revenue growth in both hemp-derived THC sales and brand licensing [3] - Following the acquisition, the company has approximately 2.0 million shares of common stock outstanding, with warrants for about 7.6 million shares and convertible notes that could equal approximately 6.7 million shares if converted [3]