Agrify receives the award for the best cultivation technology for

BILLERICA, Mass., September 09, 2022 (GLOBE NEWSWIRE) — Agrify Corporation (Nasdaq:AGFY) (“Agrify” or the “Company”), a leading provider of innovative cultivation and extraction solutions for the cannabis industry, announced today that it received the Best Cultivation Technology Award during the Green Market Report Technology Summit.

Since its inception, Agrify has been dedicated to providing carefully crafted solutions for the cannabis industry. Agrify’s core growing solution consists of its Vertical Farming Units (“VFUs”) and its Agrify Insights software, which together form a transformative approach to indoor growing that has set a new industry standard for what is possible. Agrify’s fully integrated hardware and software platform combines automation, precise environmental control and data science to help customers produce optimal harvests with repeatability. Given the modular and scalable nature of this solution, Agrify can help customers at any stage of growth. With growing customers both domestically and abroad ranging from premium artisanal growers to multi-state operators (“MSOs”), Agrify has established itself as a leader in the indoor growing space.

“It is truly an honor to be recognized with this prestigious award at the Green Market Report Technology Summit,” said Raymond Chang, President and CEO of Agrify. “One of our core goals at Agrify is to empower growers to achieve the highest quality, consistency and yield, all at the lowest cost of production. Through years of research, product development and sheer determination, we have forged a new path in indoor cultivation based on data, science and technology. Innovation is a very important part of our identity at Agrify, and we look forward to introducing more cutting-edge solutions to the cannabis industry in the future.”

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The Green Market Report is one of the leading sources of financial, business and economic news in the cannabis industry and is also the driving force behind a number of cannabis industry conferences and events. The Green Market Report Cannabis Technology Awards recognize companies in the cannabis industry that have created innovative products and services. The winners of these awards were announced during the Green Market Report Tech Summit in San Francisco, which took place on September 8, 2022.

About Agrify (Nasdaq:AGFY)

Agrify is a leading provider of innovative cultivation and extraction solutions for the cannabis industry, bringing data, science and technology to the forefront of the market. Our patented micro-environment controlled Vertical Farming Units (VFUs) enable growers to produce the highest quality produce with unmatched consistency, yield and return on investment at scale. Our complete line of extraction products, including laboratory, post-processing, solventless, ethanol and hydrocarbon equipment, enables producers to maximize the quantity and quality of extract required for premium concentrates. For more information visit Agrify at http://www.agrify.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to Agrify and other matters. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements about the expected benefits of Agrify’s products and Agrify’s ability to provide solutions and services, including development of new solutions In some cases, you can identify forward-looking statements by terms such as “may”, “will”, “should”, “expects”, “plans”, “anticipates”, “could”, “intends”, “targets”. , “projects”, “contemplates”, “believes”, “estimates”, “predicts”, “potential” or “continues” or the negatives of these or similar terms. Forward-looking statements in this press release are only predictions We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition and re results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. You should carefully consider the risks and uncertainties affecting our business, including those described in our filings with the Securities and Exchange Commission (“SEC”), including under the heading “Risk Factors” in our Annual Report on Form 10-K filed for the year ending December 31, 2021 with the SEC, which can be obtained on the SEC’s website at www.sec.gov. These forward-looking statements speak only as of the date of this communication. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. However, we encourage you to review any additional disclosures we make on related topics in our public announcements and SEC filings.

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company contacts

Agrify
Timothy Oakes
CFO
[email protected]
(781) 760-7512

Investor Relations Inquiries
Anne Kate Heller
ICR
[email protected]

media inquiries
Justin Bernstein
Mattio Communications
[email protected]

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