Agrify Corporation Announces Turnkey Solventless Extraction Equipment Contract with Massachusetts-Based Company Blackstone Valley Cannabis
20 Marzo 2024 - 6:00AM
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 Turnkey
Solventless Extraction and Lab Equipment Package with Blackstone
Valley Cannabis (“Blackstone Valley” or the “Customer”), a licensed
vertical operator based in Uxbridge, MA.
Blackstone Valley Cannabis has purchased Pure
Pressure’s Turnkey Solventless Extraction and Lab Equipment
Package, which includes an Axis Trichome Separator Hash Washing and
Filtration package along with a Longs Peak Rosin Press with
automated pressure control. In addition, Blackstone Valley Cannabis
has also elected Agrify’s 6-day on-site Advanced Solventless
Training package, where Agrify’s Solventless Extraction Expert will
train Blackstone Valley Cannabis’ team on Hash Washing, Freeze
Drying, Pressing, Jar Tech, Mechanical Separation, and Vape Cart
Formulation techniques.
Raymond Chang, Chairman and CEO of Agrify,
shared that “We are pleased that our industry leading quality
equipment paired with an aggressive sales strategy is continuing to
result in significant customer acquisitions across multiple states.
Our sales team has worked tirelessly to build a robust pipeline of
new business that is expanding our footprint. It is wonderful to
partner with a local and independent cannabis operator in
Massachusetts that prides themselves on pursuing quality without
compromise. Their dedicated and female-empowered team is the exact
type of partners we pride ourselves in supporting. Agrify’s Turnkey
Solventless Extraction and Lab Equipment package will allow
Blackstone Valley Cannabis to create some of the most unique
solventless-based products that will be offered into the
Massachusetts market.”
Justine Vota, Extraction Laboratory &
Kitchen Manager at BVC said, “We at Blackstone Valley Cannabis are
extremely excited to be utilizing Pure Pressure Solventless
Extraction equipment for our Hash-washing and Rosin-pressing
endeavors. Our goal here at BVC is to produce the highest quality
Live Rosin products from our meticulously cared-for cultivar and
set a new standard for Solventless Extracts here in Massachusetts.
I am eagerly looking forward to our hands-on training with their
renowned Extraction Expert, “Rosin Ryan,” as I have been a
long-time admirer of his work and commitment to outstanding
extracts. We in the Extraction Department have a tremendous
“passion for hashin“ and cannot wait to display that passion with
Agrify's exceptionally designed equipment.”
For information about Agrify’s cultivation and
extraction technologies, please visit www.agrify.com to learn
more.
About AgrifyAgrify is a leading
provider of innovative cultivation and extraction solutions for the
cannabis industry, bringing data, science, and technology to the
forefront of the market. Our proprietary
micro-environment-controlled Vertical Farming Units (VFUs), enable
cultivators to produce the highest quality products with unmatched
consistency, yield, and ROI (return on investment) at scale. Our
comprehensive extraction product line, which includes hydrocarbon,
ethanol, solventless extraction, post-processing, and lab
equipment, empowers producers to maximize the quantity and quality
of extract required for premium concentrates. For more information,
please visit our website at http://www.agrify.com.
About BlackstoneBlackstone
Valley Cannabis was founded in 2018 by local industry pioneers who
believe in the power of cannabis to change lives. Blackstone
Valley’s mission is a commitment to quality, without compromise. By
controlling the flower cultivation, harvest and processing BVC will
ensure it brings the highest quality melts to market; fire in; fire
out as they say. Today, Blackstone Valley cultivates and extracts
cannabis products in their 24,000 square feet. facility to offer
the freshest, highest-quality cannabis products at their
recreational dispensary in Uxbridge. In addition, Blackstone Valley
Cannabis has been recently awarded a Medical Marijuana Treatment
Center (MTC) license. This license will allow the Blackstone Valley
to acquire, cultivate, possess, process, transport, sell,
distribute, deliver, dispense or administer medical cannabis to
registered qualifying patients or their personal caregivers for
medical use.
Blackstone Valley’s commitment to producing
quality products without compromise is evident in every gram of
product they produce; this investment in Pure Pressure solventless
equipment demonstrates Blackstone Valley’s commitment to providing
the best products on the market to its patients and consumers.
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995 concerning Agrify and other matters. All
statements contained in this press release that do not relate to
matters of historical fact should be considered forward-looking
statements including, without limitation, statements regarding the
consummation of the transaction with HarvestWorks Farm,
installation of the equipment, and the receipt of the lifetime of
revenue from the agreements. In some cases, you can identify
forward-looking statements by terms such as “may,” “will,”
“should,” “expects,” “plans,” “anticipates,” “could,” “intends,”
“targets,” “projects,” “contemplates,” “believes,” “estimates,”
“predicts,” “potential,” or “continue” or the negative of these
terms or other similar expressions. The forward-looking statements
in this press release are only predictions. We have based these
forward-looking statements largely on our current expectations and
projections about future events and financial trends that we
believe may affect our business, financial condition, and results
of operations. Forward-looking statements involve known and unknown
risks, uncertainties and other important factors that may cause our
actual results, performance, or achievements to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking statements. You should
carefully consider the risks and uncertainties that affect our
business, including those described in our filings with the
Securities and Exchange Commission (“SEC”), including under the
caption “Risk Factors” in our Annual Report on Form 10-K for the
year ended December 31, 2022 that was filed with the SEC on
November 28, 2023, which can be obtained on the SEC website at
www.sec.gov. These forward-looking statements speak only as of the
date of this communication. Except as required by applicable law,
we do not plan to publicly update or revise any forward-looking
statements, whether as a result of any new information, future
events, or otherwise. You are advised, however, to consult any
further disclosures we make on related subjects in our public
announcements and filings with the SEC.
Agrify Investor Relations
IR@agrify.com(857) 256-8110
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