AGFY Stock Increased Over 25% Intraday: Why It Happened

By Amit Chowdhry ● July 22, 2021
  • The stock price of Agrify Corp (NASDAQ: AGFY) increased by over 25% during intraday trading. This is why it happened.

The stock price of Agrify Corp (NASDAQ: AGFY) – a developer of highly advanced and proprietary precision hardware and software cultivation solutions for the indoor agricultural marketplace – increased by over 25% during intraday trading. This is a continuation of momentum as the company stock price has increased by over 33% over the past few trading days. Investors are responding positively to the company announcing a few days ago that it announcing the opening of Agrify University, a brand new 3,500 sq. ft. state-of-the art indoor vertical farming facility featuring Agrify’s latest technology and advanced cultivation methods. 

The company said it believes this new immersive hands-on project-based learning experience will empower Agrify customers and next-generation growers with the knowledge and education to successfully cultivate cannabis with efficiency at scale by utilizing the power of Agrify’s vertical farming units (VFUs) and the Agrify Insights software solution.

Based in Billerica, MA and led by Agrify’s Chief Science Officer David Kessler  and a team of industry experts, horticulturists, and scientists, Agrify University will offer participants with in-classroom, on-site, and on-demand learning options. And the immersive multi-sensory curriculum will enable customers and growers to expand their knowledge of how to apply novel scientific research, interpret cultivation data, and utilize Agrify’s technology to improve their indoor cannabis cultivation practices.

KEY QUOTES:

“The cultivation methods used by many operators have not evolved as quickly as the industry itself, and we see an opportunity to use the power of data and cutting-edge techniques to dramatically improve the quality and yields from indoor cultivation. Agrify University utilizes our vast cannabis research data sets and technological innovation to provide a curriculum that we believe will support the long-term growth of our industry. We’re proud to add this valuable resource to our comprehensive Agrify ecosystem, and we look forward to welcoming our first cohorts.”

— Agrify’s Chief Science Officer David Kessler

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.