Agrify Corporation.
AGFY.US | Wholesale of other machinery and equipment
Agrify Corporation is a U.S.-based company that provides precision cultivation and extraction solutions for the cannabis and hemp industry. They offer a range of products and services, including vertical farming units (VFUs), LED grow lights, cultivation software, and consulting services. Agrify's s...Show More
Better Health for All
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Agrify Corporation's core business involves providing cultivation solutions for the cannabis and hemp industry. Evidence indicates that their Vertical Farming Units lead to "29% higher THC production" and "up to six times higher yield per square foot" for cannabis.
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Additionally, the company is acquiring Señorita, a distributor of "THC beverages."
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These facts suggest that Agrify's principal goods and services, and nearly all of its revenue, are directly linked to products with well-established negative health outcomes, particularly due to the psychoactive component THC, which carries addiction potential. There is no evidence of mitigation efforts or health-positive offerings to offset these impacts. The company's products and services are designed to enhance the production of a substance with significant negative health consequences, and there is no evidence of efforts to reduce addiction potential or support recovery.
Fair Money & Economic Opportunity
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Agrify Corporation (AGFY.US) is a company focused on providing cultivation and extraction solutions for the cannabis and hemp industry, including vertical farming units and software.
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Its core business does not involve lending, insurance, money movement, or storage, which are the activities assessed under the 'Fair Money & Economic Opportunity' value. The provided articles confirm that Agrify's operations are centered on agricultural technology and explicitly state that no data is available for any of the key metrics related to financial services or economic opportunity for underserved populations for AGFY.US.
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Therefore, all KPIs are omitted as they are not applicable to the company's business model and no relevant evidence was found.
Fair Pay & Worker Respect
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No specific, concrete data points for Agrify Corporation (AGFY.US) were found across the provided articles for any of the Fair Pay & Worker Respect KPIs. The articles discuss general industry trends, pay equity audits, and broad statistics (e.g., Pew Research data on gender wage gaps, general employee desires for salary transparency) rather than providing company-specific performance metrics for Agrify Corporation.
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Fair Trade & Ethical Sourcing
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No information regarding fair trade certifications, supply chain audits, forced or child labor incidents, traceability, remediation speed, ethical sourcing clauses, high-risk materials, or supplier diversity spend was found in the provided articles.
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Honest & Fair Business
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Agrify Corporation restated its Q1, Q2, and Q3 2022 financial results.
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These three restatements occurred in a single year, 2022.
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The restatements were related to the reclassification of warrants as liabilities, requiring fair value remeasurement.
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Specifically, net income for Q1 2022 was restated from -$8,882 to $1,780, and net losses for Q2 and Q3 2022 were restated from -$93,401 to -$74,604 and from -$46,268 to -$57,413, respectively.
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A 20-to-1 reverse stock split in July 2023 was also reflected in the restated forms.
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Kind to Animals
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No evidence available to assess Agrify Corporation on Kind to Animals.
No War, No Weapons
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The provided articles do not contain specific, concrete data points or actions related to Agrify Corporation's involvement in arms manufacturing, military contracts, dual-use technologies, sales to embargoed regimes, peacebuilding investments, or any other metric within the 'No War, No Weapons' ethical value.
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The articles discuss general U.S. export control policies and overall Pentagon spending on private firms, but these are not specific to Agrify Corporation. Therefore, no KPIs can be scored based on the evidence provided.
Planet-Friendly Business
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Agrify Corporation has not publicly committed to specific 2030 or 2050 climate goals through major frameworks like the Science Based Targets initiative (SBTi), nor has it publicly committed to a net-zero target year.
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There is no publicly available carbon emissions data for the company.
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Furthermore, there is no information regarding TCFD alignment, climate scenario analysis, or stranded asset transparency.
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The company also lacks any stated climate justice initiatives, just transition programs, or climate adaptation financing.
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However, Agrify Corporation has reported zero environmental compliance violations.
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Respect for Cultures & Communities
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No data was provided in the article regarding Agrify Corporation's respect for cultures and communities.
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The article focuses on the company's mission, vision, and financial performance, without mentioning any specific information related to partnerships, community investments, cultural incidents, or local engagement.
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Safe & Smart Tech
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The company employs encryption in transit, which is a standard industry practice.
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For data minimization, the company retains account and transaction records for 7 years, and KYC/KYB records for 5-10 years post-relationship end.
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These retention periods are lengthy, with 7+ years for significant data categories, indicating limited data minimization practices. The company states it complies with law, which is a basic level of regulatory compliance.
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Zero Waste & Sustainable Products
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Agrify's vertical farming technology reduces water usage by 95% compared to traditional agriculture.
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No other specific, quantitative data regarding waste diversion, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design, waste reduction initiatives, hazardous waste management, product durability, repairability, waste audit frequency, zero-waste certification, waste disposal violations, packaging-to-product ratio, waste reduction targets, supplier waste requirements, or customer waste education is available for Agrify Corporation in the provided articles.