Green Thumb Industries Announces Sale of Consumer Brands to Agrify, Enters License and Loan Agreements

Reuters08-28

Green Thumb Industries Announces Sale of Consumer Brands to <a href="https://laohu8.com/S/AGFY">Agrify</a>, Enters License and Loan Agreements

Green Thumb Industries Inc., a leading national cannabis consumer packaged goods company, announced today the completion of transactions with Agrify Corporation. Green Thumb has sold certain of its consumer packaged goods brands to Agrify and entered into a license arrangement allowing them to continue manufacturing and distributing these brands. The company has also extended a $45 million loan to Agrify. The deal includes brands such as RYTHM, Beboe, Dogwalkers, Doctor Solomon's, &Shine, and Good Green. Green Thumb holds a 35% stake in Agrify and its CEO, Benjamin Kovler, also serves as Agrify's Chairman and Interim CEO. The purchase was completed for $50 million in cash.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Green Thumb Industries Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9519364-en) on August 27, 2025, and is solely responsible for the information contained therein.

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