Agrify Corp. is selling its cannabis cultivation operation for $7 million to an investment firm affiliated with the company’s former CEO, Raymond Chang. According to a Monday news release, the Troy, Michigan-based operator sold the unit to CP Acquisitions, which is affiliated with Chang. Chang resigned from Agrify’s top post and as board chair in […]
The Daily Hit is a recap of the top financial news stories for Monday, December 16, 2024. On the Site Kentucky governor defends out-of-state dominance during medical cannabis licensing lottery Regulators selected 12 retail operators from more than 1,200 applications for the Louisville and Lexington regions. Read more here. MJ Freeway hit with $4.2M verdict […]
The Daily Hit is a recap of the top financial news stories for Thursday, November 21, 2024. On the Site Cannabis stocks up briefly Thursday before plunging on Gaetz withdrawal The potential appointment of a pro-cannabis attorney general had boosted sentiment among cannabis investors. Read more here. Agrify gets $26M lifeline as GTI’s Kovler eyes […]
