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Agrify Corporation (Agrify) is a developer of advanced precision hardware and software grow solutions for the indoor agriculture marketplace and provides equipment and solutions for extraction, post-processing, and testing for the cannabis and hemp industry. The Company's micro-environment-controlled Vertical Farming Units (VFUs) enable its customers to produce quality products. Agrify brings data, science, and technology to its customers for control over cultivation and extraction. The Company offers Agrify Precision Elevated cultivation solution that combines integrated hardware and software offerings with a range of associated services, such as consulting, engineering and construction. Its business model includes equipment sales for the Agrify Vertical Farming Unites (AVFUs) as well as recurring software-as-a-service (SaaS) revenues for Agrify Insights. The Company sells its equipment and services to customers under a combination of a contract and purchase order.
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