Agrify to change name to RYTHM after acquiring cannabis brands for $50M.

Agrify Corporation is changing its name to RYTHM, Inc. and will trade under the ticker symbol "RYM" on September 2. The change follows the acquisition of cannabis brand intellectual properties from Green Thumb Industries for $50M. The acquired portfolio includes RYTHM, Dogwalkers, and Beboe brands. Green Thumb Industries will manufacture and distribute the acquired brands under a concurrent licensing agreement.

Agrify Corporation, a leading provider of branded innovative solutions for the cannabis and hemp industries, has announced a significant strategic move. The company will change its name to RYTHM, Inc. and will begin trading under the new ticker symbol "RYM" on September 2, 2025. This transformation follows the acquisition of a prominent brand portfolio from Green Thumb Industries for $50 million, paid via a convertible note [1].

The acquired portfolio includes well-known brands such as RYTHM, Dogwalkers, and Beboe. Concurrently, Agrify has entered into a licensing agreement with Green Thumb Industries, permitting the latter to manufacture and distribute these brands. Under the new name, RYTHM, Inc. will assume the Nasdaq ticker symbol "RYM" starting September 2, 2025 [1].

This acquisition positions RYTHM, Inc. as a leader in the well-being consumer space, focusing on hemp-derived THC products and brand licensing revenue. The company anticipates rapid topline growth through licensing revenue and expanding sales of hemp-derived THC products, including the recently launched RYTHM Beverages [1].

Following this transaction, RYTHM, Inc. has approximately 2.0 million shares of common stock outstanding, warrants for approximately 7.6 million shares of common stock, and convertible notes that, if converted (principal and interest), would equal approximately 6.7 million shares of common stock. The CUSIP number for RYM common stock will remain 00853E404 [1].

The new brand portfolio, which includes RYTHM, incredibles, Dogwalkers, Beboe, &Shine, Doctor Solomon’s, Good Green, and Señorita, continues to deliver well-being to millions of Americans every year. The company's products are rooted in quality, safety, and innovation, shaping cannabis experiences that enhance daily life [1].

Investors and financial professionals are advised to consult the Company's filings with the SEC for further information on related subjects, including potential risks and uncertainties [1].

References:
[1] https://www.globenewswire.com/news-release/2025/08/27/3140389/0/en/Agrify-Corporation-to-Change-Its-Name-to-RYTHM-Inc-Following-Brand-Portfolio-Acquisition.html