Agrify discontinues legacy extraction business, cuts 9 employees, pivots to hemp beverages

RYTHM, Inc.

Board approved discontinuation of extraction business (hydrocarbon, alcohol, solventless, post-processing, lab equipment).
Workforce reduction of nine employees expected by April 1, 2025.
Company to dispose of remaining extraction inventory; charges not yet quantified.
Company will refocus resources on its hemp-derived beverage business.
Amendment to be filed within four business days if material charges are determined.

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