Agrify Reports Q2 Revenue Dip, Highlights Growth Challenges in Cannabis Industry

Agrify Corporation, a leading provider of cannabis cultivation solutions, announced a decrease in revenue for the second quarter of 2024, citing ongoing challenges in the cannabis industry, including uncertain regulations and limited capital availability. Despite reporting a rise in gross profit and a 15% increase in quarterly revenue compared to the first quarter, the company faces financial constraints. Agrify is exploring strategic options to enhance shareholder value.

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