Agrify Corporation AGFY announced that its recently launched PX10 hydrocarbon cannabis extractor will soon be installed at three customer facilities, including through a new engagement with Alchemist Ventures in Maryland.
As per the terms of the purchase agreement with Alchemist, Agrify will be providing a full suite of extraction and post-processing equipment along with specialized training services to support this new customer’s vision for its extraction business. In order to capitalize on the attractive Maryland market, especially with the strong possibility that Maryland voters will support a ballot measure this month that would legalize adult-use cannabis, Alchemist will be outfitting its facility with the PX10 hydrocarbon extractor, as well as post-processing equipment such as vacuum ovens and bead baths, a short path distillation system, and a commercial washing system for solventless extraction. With all of this equipment and technology, Alchemist intends to bring a variety of quality extracts to the rapidly growing Maryland market.
“Within the extraction space, we continue to improve the design and performance capabilities of our offerings by developing advanced and sought-after cannabis extraction equipment and technology," stated Raymond Chang, chairman and CEO of Agrify. “It is important to note that our commitment to innovation goes far beyond our research and development initiatives in a lab environment. Not only can we successfully turn a product vision into reality, but we also pride ourselves on being able to work closely with a growing number of prominent customers, including multi-state operators, enabling them, through our cutting-edge solutions, to grow their businesses, gain a competitive edge, and produce groundbreaking cannabis products in all different form factors.”
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Photo: Benzinga; Sources: courtesy of geralt, lindsayfox via Pixabay
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