Agrify receives hemp cultivation and production license, opens new facility and product showcase in billerica, massachusetts

Billerica, mass., july 14, 2021 (globe newswire) -- agrify corporation (nasdaqcm:agfy) (“agrify” or the “company”), a developer of highly advanced and proprietary precision hardware and software cultivation solutions for the indoor agriculture marketplace, today announced that it has received a license from the state of massachusetts for the cultivation and production of industrial hemp (the “license”) at the company's billerica, massachusetts facility (the “facility”). under the license, agrify expects to cultivate up to 3,000 plants per year. concurrent with the receipt of the license, the company also announced it has officially opened its product showcase and corporate office at the billerica location to customers and visitors.
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