Agrify, a developer of premium indoor grow solutions, today announced completion of its acquisition of all outstanding shares of TriGrow Systems Inc. and, indirectly, 75% of its subsidiary TriGrow Brands, LLC. According to the update, TriGrow, backed by leading cannabis industry 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’s highly strategic acquisition of TriGrow sets the stage for an exciting 2020,” Agrify Founder and CEO Raymond Nobu Chang said in the news release. “With TriGrow, we accelerate our plans to build a powerful, single-source gateway to the high-growth cannabis markets with fully-integrated indoor farming solutions and services.”
To view the full press release, visit http://cnw.fm/I3Bpb
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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