[PRESS RELEASE] – ROLLING MEADOWS, In poor health., Aug. 27, 2025 – Agrify Corp., a number one supplier of branded leading edge answers for the hashish and hemp industries, introduced the purchase of a portfolio of brand name highbrow homes, together with RYTHM, Dogwalkers, Beboe and others, from Inexperienced Thumb Industries for US$50 million paid for by way of a convertible be aware.
Similtaneously, the corporate entered into an settlement to license the manufacturers to Inexperienced Thumb Industries to fabricate and distribute. As well as, Agrify is converting its identify to RYTHM, Inc. and can start buying and selling at the Nasdaq Capital Marketplace below the emblem “RYM” as of the open of buying and selling on Sept. 2, 2025.
This acquisition marks the corporate’s subsequent step because it positions itself as a pace-setter within the well-being shopper house. As shopper personal tastes and insurance policies shift, the corporate expects that this transaction will strategically place it for fast topline expansion via licensing income and increasing gross sales of hemp-derived THC merchandise, together with the not too long ago introduced RYTHM Drinks.
“RYTHM’s long term is shiny as we’re well-positioned to ship income expansion each in hemp-derived THC gross sales and logo licensing,” Chairman and Intervening time CEO Ben Kovler mentioned. “Call for for THC is emerging as customers search well-being and choices to alcohol. And most significantly, those THC merchandise are now not simply to be had on the dispensary. Thus, we proceed to place the industry to be in the appropriate position on the proper time, forward of subject matter exchange. Our portfolio of manufacturers, which now comprises RYTHM, incredibles, Dogwalkers, Beboe, &Shine, Physician Solomon’s and Excellent Inexperienced, along with Señorita, continues to ship well-being to tens of 1000’s of American citizens on a daily basis. It feels particularly just right, these days, to mention In finding Your RYTHM, The usa.”
Following this transaction, the corporate has roughly 2 million stocks of not unusual inventory remarkable, warrants for roughly 7.6 million stocks of not unusual inventory, and convertible notes that, if transformed (fundamental and pastime), would equivalent roughly 6.7 million stocks of not unusual inventory. The CUSIP quantity for RYM not unusual inventory will stay 00853E404.
