Agrify acquires brand portfolio from Green Thumb for $50M, changes name to RYTHM

RYTHM, Inc.

Acquired brand IP (RYTHM, Dogwalkers, Beboe) from Green Thumb for $50M via convertible note; assets consist of intellectual property rights.
Company renamed to RYTHM, Inc.; Nasdaq ticker changes from AGFY to RYM effective Sept 2, 2025.
Issued $50M in secured convertible notes (10% annual interest, due Feb 2027); conversion price $29.475/share.
License agreement grants Green Thumb right to manufacture/distribute acquired brands for monthly fee based on sales.
Existing notes from Nov 2024 and May 2025 amended to rank on parity with the new notes.

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