Agrify, a developer of premium indoor grow solutions, today announced its entry into a memorandum of understanding (“MOU”) to acquire all outstanding shares of TriGrow Systems Inc. and, indirectly, 75% of its subsidiary TriGrow Brands, LLC. TriGrow, backed by leading cannabis industry specialist venture funds including Poseidon Asset Management and Arcadian Funds, is currently the exclusive distributor of Agrify’s fully automated, micro-climate, precision-controlled vertical farming unit (“VFU”) solution to indoor cannabis cultivators. “Agrify is committed to being the No. 1 developer of premium indoor grow solutions in the cannabis and hemp marketplace,” Agrify CEO Raymond Chang said in the news release. “The acquisition of TriGrow will strengthen our product portfolio, customer base, industry expertise and quality employee leadership.”
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Agrify is a rapidly growing developer of premium indoor grow solutions for the cannabis and hemp marketplace. The company’s comprehensive grow solutions have been developed with one mission in mind: to assist its valued customers in producing the highest quality product possible with consistency and superior yields. Agrify is a non-plant-touching company; to learn more, visit www.Agrify.com.
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