M&A
confidence high
sentiment positive
materiality 0.65
Agrify acquires Señorita hemp-derived THC beverage brand for 530,000 stock equivalents
RYTHM, Inc.
- Acquired Señorita brand of HD9 beverages from Double or Nothing LLC on Dec 12, 2024.
- Consideration: 97,300 shares of common stock and pre-funded warrants for 432,700 shares.
- Post-transaction, Agrify has ~2.0M common shares outstanding and 7.6M warrants.
- Señorita founders Joel Gott and Charles Bieler to continue collaborating with Agrify.
- New flavors Paloma (Jan 2025) and Ranch Water (2025) planned.