Agrify
AGFY
shares rose 19% in recent trading Thursday after the company announced a multimillion-dollar sales agreement with Ocean Deep/Golden Lake Business Park, a California-based cannabis operator, for a hydrocarbon extraction system.
Ocean Deep will use Agrify's turnkey PX30 hydrocarbon extraction lab package to boost product offerings, according to a statement Thursday.
Ocean Deep is also expected to begin operation with 120 of Agrify's vertical farm units to produce cannabis flower this year, the statement said.
AGFY
shares rose 19% in recent trading Thursday after the company announced a multimillion-dollar sales agreement with Ocean Deep/Golden Lake Business Park, a California-based cannabis operator, for a hydrocarbon extraction system.
Ocean Deep will use Agrify's turnkey PX30 hydrocarbon extraction lab package to boost product offerings, according to a statement Thursday.
Ocean Deep is also expected to begin operation with 120 of Agrify's vertical farm units to produce cannabis flower this year, the statement said.