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CannabisNewsBreaks – Agrify Enters MOU to Acquire TriGrow

Company: Agrify
Category: News

Agrify, a developer of premium indoor grow solutions, today announced its entry into a memorandum of understanding (“MOU”) to acquire all outstanding shares of TriGrow Systems Inc. and, indirectly, 75% of its subsidiary TriGrow Brands, LLC. TriGrow, backed by leading cannabis industry specialist venture funds including Poseidon Asset Management and Arcadian Funds, is currently the exclusive distributor of Agrify’s fully automated, micro-climate, precision-controlled vertical farming unit (“VFU”) solution to indoor cannabis cultivators. “Agrify is committed to being the No. 1 developer of premium indoor grow solutions in the cannabis and hemp marketplace,” Agrify CEO Raymond Chang said in the news release. “The acquisition of TriGrow will strengthen our product portfolio, customer base, industry expertise and quality employee leadership.”

To view the full press release, visit http://cnw.fm/4ZHuk

About Agrify

Agrify is a rapidly growing developer of premium indoor grow solutions for the cannabis and hemp marketplace. The company’s comprehensive grow solutions have been developed with one mission in mind: to assist its valued customers in producing the highest quality product possible with consistency and superior yields. Agrify is a non-plant-touching company; to learn more, visit www.Agrify.com.

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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