Agrify Corporation, a prominent name in the cannabis and hemp industries, has announced a transformative move that will reshape its future. The company revealed it is rebranding as RYTHM, Inc., with the new name set to take effect on September 2, 2025. On the same day, the company will begin trading under its new Nasdaq ticker symbol, "RYM."
The rebranding follows Agrify's acquisition of a portfolio of cannabis brand intellectual properties from Green Thumb Industries for $50 million. This transaction was financed via a convertible note. Among the acquired brands are RYTHM, Dogwalkers, and Beboe, which are well-known within the cannabis space.
In addition to the acquisition, Agrify has entered into a licensing agreement with Green Thumb Industries. This agreement allows Green Thumb Industries to continue manufacturing and distributing the acquired brands. This strategic partnership ensures the continued availability of these popular products while positioning RYTHM, Inc. for future growth.
The company’s leadership has expressed optimism about the impact of these changes, highlighting the potential for rapid topline growth. RYTHM, Inc. aims to expand its footprint in the well-being consumer space by focusing on hemp-derived THC products and licensing revenue. Notably, the company’s product lineup includes RYTHM Beverages, one of its newest offerings.
According to the announcement, RYTHM, Inc. currently holds approximately 2.0 million shares of common stock outstanding, along with warrants for about 7.6 million shares of common stock. Convertible notes, if fully converted, would equate to approximately 6.7 million shares. The CUSIP number for the company’s common stock will remain 00853E404.
Through this acquisition, RYTHM's newly expanded brand portfolio will include a range of products - from RYTHM and Beboe to Dogwalkers, incredibles, &Shine, Doctor Solomon’s, Good Green, and Señorita. These brands are rooted in innovation, quality, and safety, delivering cannabis products that enhance daily life for millions of consumers across the United States.
For more details, investors have been directed to consult the company’s filings with the SEC, which include information on potential risks and uncertainties related to this strategic move.
This milestone represents a significant step forward for Agrify - now RYTHM, Inc. - as it works to redefine its place in the cannabis industry while delivering value to its shareholders and consumers alike.