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Cannabis Cultivation Solutions Provider Agrify And California’s Nature’s Miracle Sign Definitive Merger Deal

By Jelena Martinovic
May 16, 11:35 AM
Vertical farming technology and infrastructure provider Nature's Miracle Holding Inc. (NASDAQ: NMHI) and Agrify Corporation (NASDAQ: AGFY) announced on Thursday that both parties have signed a definitive agreement and plan of merger. Under the deal, a new wholly-owned subsidiary of Nature's Miracle will merge with and into Agrify, with Agrify surviving the merger as a wholly-owned subsidiary of Nature's Miracle. The signing of the definitive agreement directly follows the previously announced term sheet for the merger, according to a press release.

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Ancillary Cannabis Co.’s Stock Surges On News Of Merger With California Provider Of CEA Products And Solution

By Jelena Martinovic
April 17, 10:16 AM
Nature's Miracle Holding Inc. (NASDAQ: NMHI) has entered into a term sheet to acquire 100% of all the outstanding shares of Agrify Corporation (NASDAQ: AGFY).The California-based integrated agriculture technology company that provides equipment and services to the controlled environment agriculture industry said on Wednesday that it would issue shares of its common stock to acquire Agrify.Agrify's equity is valued at $6.35 million, or $0.4185 per share.The deal is expected to bring a meaningful revenue stream for Nature's Miracle through Agrify's powerful SaaS and AI technology.

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Why Is Cultivation Solutions Provider Agrify Stock Soaring Today?

By Shivani Kumaresan
April 17, 10:04 AM
Shares of Agrify Corporation surge following the announcement of its acquisition by Nature's Miracle Holding Inc. The proposed deal, set to exchange 0.45 shares of Nature's Miracle for each Agrify share, positions Agrify's SaaS and AI technology as a lucrative revenue stream for Nature's Miracle, while Agrify gains access to cutting-edge horticultural lighting technologies.

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