High-Potential Marijuana Penny Stocks to Keep an Eye on Next WeekAs the cannabis industry continues to grow, marijuana stocks have gained significant attention from investors. In 2023, the U.S. cannabis market generated over $32 billion in sales, and projections suggest it could reach $50 billion by 2028. With ongoing legalization efforts, the industry is poised for further expansion. Recent headlines, including the possibility of federal legalization, have fueled interest in marijuana stocks. These develop ...

TROY, Mich., Aug. 14, 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 financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial Results Summary Revenue was $3.0 million for the second quarter of 2024, compared to $2.6 million for the first quarter of 2024 and $5.1 million for the second quarter of 2023.Gross profit was $1.7 ...

业务发展 - 公司正在通过帮助现有的Agrify Total Turn-Key客户启动设施并通过RDP驱动额外销售来增长其种植业务[246] - 公司已成功部署了几个面向加利福尼亚州、密歇根州和东海岸的溶剂和无溶剂提取解决方案[247] - 公司发布了几种新技术和产品,包括Cannabeast 13蒸馏装置、Diamond Miner、无缝双层过滤烘焙袋和改进的PX30烃类提取机[247] - 公司正在努力获得Precision Extractions的EXP防爆室的UL认证,以继续致力于大麻提取设施的安全性和质量[247] - 公司与全国各地的合作伙伴关系是对Agrify团队和技术在最具竞争力的市场中的持续信任的有力证明[248] 财务状况 - 公司三个月和六个月期间的收入分别为2,994万美元和5,592万美元[286] - 公司三个月和六个月期间的毛利分别为1,127万美元和1,292万美元[286] - 公司三个月和六个月期间的营业亏损分别为1,672万美元和1,777万美元[287] - 公司三个月和六个月期间的净亏损分别为2,972万美元和1,264万美元[287] - 公司三个月和六个月期间的每股基本亏损分别为0.14美元和0.09美元[287] - 公司三个月和六个月期间的加权平均普通股股数分别为2,081.27万股和1,485.35万股[287] - 总收入同比下降41%和49%[290][291] - 提取解决方案收入同比下降30%和41%[290][291] - 设计和建造收入同比下降100%[290][291] - 毛利率同比提升至37.6%和23.1%[297][298] - 预计全年毛利率将达到中低十五范围[299] - 销售和营销费用同比下降65%和68%[310][312] - 确认了与Mack Molding Co.的法律和解,获得约590万美元收益[314][315] - 利息费用和其他费用同比大幅下降[317] - 研发投入占总收入的15%,同比下降67%[305][307][308] - 利息费用在2024年6月30日结束的三个月内下降了93%,即下降了40万美元[318] - 利息费用在2024年6月30日结束的六个月内下降了89%,即下降了110万美元[318] - 利息费用下降主要归因于未偿贷款本金余额的减少[318] - 2024年6月30日结束的三个月内,认股权证负债公允价值变动减少了22%,即减少了20万美元[319] - 2024年6月30日结束的六个月内,认股权证负债公允价值变动减少了125%,即减少了200万美元[319] - 公允价值减少与2022年3月、8月和12月发行的认股权证重新计量有关[319] 资金需求 - 公司与New Lender重组了未偿本金和利息,将其合并为可转换票据,并修改了相关条款[250] - 公司完成了一次公开发行,募集资金约220万美元[255] - 公司目前正在评估是否继续运营其附属品牌授权业务,因为该业务对公司而言并不重要[320] - 公司预计将把大部分现有营运资金用于满足其当前和未来TTK安排的融资需求[322] - 公司可能会寻求债务融资以满足战略和一般公司用途,但如果无法获得外部融资,可能会对业务、经营业绩和财务状况产生不利影响[323] 合规问题 - 公司收到纳斯达克发出的不合规通知,目前正在采取措施以在规定期限内重新符合上市要求[251,252,253,254]

BILLERICA, Mass., Aug. 02, 2024 (GLOBE NEWSWIRE) -- Agrify Corporation (NASDAQ:AGFY) ("Agrify" or the "Company"), the most innovative provider of advanced cultivation and extraction solutions for the cannabis industry, would like to remind stockholders to cast their votes for the proposals that will be voted on at the Company's annual meeting of stockholders (the "Meeting") in advance of the proxy voting deadline for voting by telephone or electronically of 11:59 p.m. (Eastern Daylight Time) on Sunday, Augu ...

BILLERICA, Mass., Aug. 02, 2024 (GLOBE NEWSWIRE) -- Agrify Corporation (Nasdaq:AGFY) (“Agrify” or the “Company”), the most innovative provider of advanced cultivation and extraction solutions for the cannabis industry, would like to remind stockholders to cast their votes for the proposals that will be voted on at the Company's annual meeting of stockholders (the "Meeting") in advance of the proxy voting deadline for voting by telephone or electronically of 11:59 p.m. (Eastern Daylight Time) on Sunday, Augu ...

Vertical farming is a hot topic with significant productivity-based advantages. In fact, the industry is forecasted to grow by 24.1% annually until 2031, illustrating its potential. As a result, investors are looking into vertical farming stocks for massive returns. Given the above, I embarked on a journey to find three undervalued vertical farming stocks. I was aware that value and growth traps are prominent due to the industry’s immature state. As such, I applied a robust screening methodology, which look ...

3 Ways That the 2024 Election Can Impact Penny StocksElections can significantly influence financial markets, including the domain of penny stocks. Penny stocks, often traded below five dollars per share, present a unique opportunity for investors aiming for substantial gains through small initial investments. The 2024 election is set to impact the trading of penny stocks in several ways, primarily through regulatory changes, market sentiment, and sector-specific movements.[Read More] Trading Penny Stocks o ...

Agrify (NASDAQ:AGFY) stock is rocketing higher on Monday alongside heavy pre-market trading of the cannabis hardware and software cultivation company’s shares.This has more than 17 million shares of AGFY stock changing hands as of this writing. That’s well above the company’s daily average trading volume of about 1.1 million shares. Investors will also note that Agrify’s float is sitting at 7.17 million units.It’s unclear what’s causing this increased interest in AGFY stock. There are no new press releases ...

TROY, Mich., June 11, 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 the signing of a $500K Turnkey Hydrocarbon Extraction and Lab Equipment Package with Grotech Farms LLC ("Grotech" or the "Customer"), an annual licensed cannabis operator founded by Miriam Porter and partners. Grotech Farms has purchased Agrify's Turnkey PX10 Hydrocarbon Extraction and Lab ...

TROY, Mich., June 11, 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 the signing of a $500K Turnkey Hydrocarbon Extraction and Lab Equipment Package with Grotech Farms LLC (“Grotech” or the “Customer”), an annual licensed cannabis operator founded by Miriam Porter and partners. Grotech Farms has purchased Agrify’s Turnkey PX10 Hydrocarbon Extraction and La ...