TROY, Mich. - Agrify Corporation (NASDAQ:AGFY), a provider of cultivation and extraction solutions for the cannabis industry, announced today a new partnership with Massachusetts-based Blackstone (NYSE:BX) Valley Cannabis. The agreement involves the sale of Agrify's solventless extraction and lab equipment to the licensed cannabis operator.
Blackstone Valley Cannabis has acquired the Pure Pressure Turnkey Solventless Extraction and Lab Equipment Package, which includes the Axis Trichome Separator and the Longs Peak Rosin Press. These tools are designed to enhance the production of solventless cannabis products. The deal also includes a 6-day on-site training program to be conducted by an Agrify expert, focusing on various extraction techniques.
Raymond Chang, CEO of Agrify, expressed satisfaction with the partnership, highlighting the company's commitment to quality equipment and its expanding business footprint. He praised Blackstone Valley Cannabis for its focus on quality and its female-empowered team.
Justine Vota of Blackstone Valley Cannabis shared the company's enthusiasm for the new equipment and training, indicating a goal to set a new standard for solventless extracts in Massachusetts.
This collaboration is expected to enable Blackstone Valley Cannabis to produce high-quality live rosin products and solidify its presence in the local market. The company's recent acquisition of a Medical Marijuana Treatment Center license further positions it to provide top-grade cannabis products to both recreational and medical consumers.
The press release also includes forward-looking statements regarding the transaction's anticipated benefits for Agrify, yet it acknowledges the inherent risks and uncertainties in such projections.
This announcement is based on a press release statement from Agrify Corporation.
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