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Cannabis Cultivation Solutions Provider Agrify And California's Nature's Miracle Sign Definitive Merger Deal

Benzinga ·  May 16 23:35

Vertical farming technology and infrastructure providerNature's Miracle Holding Inc.(NASDAQ:NMHI) andAgrify Corporation(NASDAQ:AGFY) announced Thursday thatboth parties have signed a definitive agreement and merger plan.

Under the deal, a new wholly-owned subsidiary ofNature's Miracle will merge with and into Agrify,which will survive as a wholly-owned subsidiary of Nature's Miracle.

The signing of the agreement directly follows the previously announced term sheet for the merger, according to a press release.

Deal Details

Pursuant to the agreement, shareholders ofAgrify will be issued 0.45 of a share of Nature's Miracle...

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