Agrify Rebrands As RYTHM, Inc.; Will Trade Under Nasdaq Ticker "RYM" Starting Sept. 2 Following Brand Portfolio Acquisition From Green Thumb

• Acquires brand portfolio including RYTHM, Dogwalkers, and Beboe from Green Thumb Industries
• Enters into licensing agreement permitting Green Thumb to manufacture and distribute brands
• Under the new name, RYTHM, Inc. will assume the Nasdaq ticker symbol "RYM" starting September 2, 2025
  
   

ROLLING MEADOWS, Ill., Aug. 27, 2025 (GLOBE NEWSWIRE) -- Agrify Corporation (NASDAQ:AGFY) ("Agrify" or the "Company"), a leading provider of branded innovative solutions for the cannabis and hemp industries, today announced the acquisition of a portfolio of brand intellectual properties (the "Brands"), including RYTHM, Dogwalkers, Beboe and others, from Green Thumb Industries for US$50 million paid for via a convertible note. Concurrently, the Company entered into an agreement to license the Brands to Green Thumb Industries to manufacture and distribute. In addition, Agrify is changing its name to RYTHM, Inc. ("RYTHM") and will begin trading on the Nasdaq Capital Market under the symbol "RYM" as of the open of trading on September 2, 2025.

This acquisition marks the Company's next step as it positions itself as a leader in the well-being consumer space. As consumer preferences and policies shift, the Company expects that this transaction will strategically position it for rapid topline growth through licensing revenue and expanding sales of hemp-derived THC products, including the recently launched RYTHM Beverages.