Despite working within cannabis, the company is listed on the Nasdaq, as Agrify doesn’t bundle cannabis with its equipment. The company sidesteps all the regulatory hurdles facing plant-touching cannabis companies, including the restrictive banking and fundraising laws. Growers pick from a list of pre-selected strains that work with the Agrify system. CEO Raymond Chang tells me he sees Agrify becoming one of the fastest-growing and most vertically integrated solutions in the cannabis space. According to Agrify, these two companies previously worked with 30 multi-state operators and over 1,000 cannabis and hemp customers.
Agrify currently sells computer-controlled vertical farming units for cannabis. But that’s just the starting point for Agrify. The company is quickly going vertical itself, adding features and acquiring more companies as it builds out a total solution provider for the cannabis industry.
Cannabis is among the most valuable crops in the United States. According to Leafy’s Cannabis Harvest Report 2021 (PDF),...
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