Richard Drexler

Marijuana Growing Solution Provider Agrify Gets $20M Boost From Green Thumb To Power Up Cannabis Tech And New Leadership

Agrify Corporation (NASDAQ: AGFY), a company that provides hardware and software cultivation and extraction solutions for the cannabis and hemp industry, announced on Tuesday that its board of directors has approved a $20 million convertible secured note. Of that sum $10 million will be drawn upon at closing, from a wholly-owned subsidiary of Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF), Agrify said in a press release. Before this, the Green Thumb subsidiary acquired an ownership stake in Agrify through the purchase of common stock and warrants from its outgoing chairman and CEO Raymond Chang and outgoing director I-Tseng Jenny Chan.

Nevada's Marijuana Regulator Gets A Dynamic New Leader And Other Leadership Changes In Cannabis

Nevada Gov. Joe Lombardo revealed last week that James Humm agreed to lead the state's agency that regulates the burgeoning cannabis market. Tyler Klimas, who currently holds the position of executive director of the Cannabis Compliance Board, told Gov. Lombardo in September he'll be stepping down, reported to Nevada Current. The Independent Retail Cannabis Collective (IRCC) has tapped Mandesh Dosanjh to serve as its new executive board chair. Acreage Holdings, Inc. announced on Friday that Philip Himmelstein, vice president of financial planning and analysis at Acreage, will be assuming the role of interim chief financial officer. Entourage Health Corp.'s Vincent Doré opted to resign as the company's chief legal officer and corporate secretary.