Agrify will provide all the future indoor growing equipment for Cannabis and Vertical Farming

An analogy: "Business savvy girl scouts used to sell their cookies in front of weed stores because when you're high off a joint, you probably want a cookie too." What the girl scout & $AGFY both understand is the value of moving first and positioning themselves to offer a supporting service in a "high" growth, emerging market (no pun intended). The Bull Thesis: $AGFY is an agriculture-tech company, providing a suite of services for indoor agriculture cultivation. These services address two customer pain points: operational efficiency and quality assurance (yield). They are a first mover in this space, and their vertical farming unit, LED lights, and crop protection software services position themselves to be a high value, high customer switchover cost player in the value chain. $AGFY is a buy for me with a price target of $42 by Q3 2022. First Mover Advantage: Agrify's competitors are ALL private. This is the only public company in the agritech space.      https://craft.co/agrify/competitors Customer Switchover Cost is High: Incentive programs Provides Capital Financing for New Cannabis Customers LED Light Utility Rebates for Customers Source: https://www.agrify.com/general-services/  Core Services They offer services for vertical farming, crop protection, and LED lights for indoor growing operations.          https://www.agrify.com/vertical-farming/ https://www.agrify.com/vertical-farming/vertical-farming-units/  https://www.agrify.com/led-grow-lights/ https://www.agrify.com/wp-content/uploads/2021/10/Agrify-Model-R1-LED-Light-Datasheet-1.pdf  https://www.agrify.com/crop-protection/  Third Quarter 2021 Financial Results (Are you seeing this shit?) Revenue: Revenue grew 460% year-over-year and 33% sequentially to $15.8 million in Q3 2021 New bookings of $32.2 million, increasing total backlog to $117.5 million Q4 2021 bookings are expected to top $100 million, Q4 2021 revenue expected to be approximately $26 million to $28 million, and full-year guidance increased to $60 million to $62 million Customer Acquisition News Announced new customer engagements: Signed second Agrify Total Turn-Key Solution (“Agrify TTK Solution”) agreement with True House Cannabis LLC to install up to 214 of Agrify’s Vertical Farming Units (“VFUs”) Based on the newly increased VFU count, this partnership is anticipated to generate an estimated $73 million in revenue in the next 10 years Established multi-year vertical farming research and development partnership with Curaleaf to study the impact of cultivation environment on plant health and harvest yields References https://ir.agrify.com/news-and-events/investor-calendar Checkout Their Data Sheets on Their Services https://www.agrify.com/datasheets-brochures/ 

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Agrify will provide all the future indoor growing equipment for Cannabis and Vertical Farming

bullish

An analogy: "Business savvy girl scouts used to sell their cookies in front of weed stores because when you're high off a joint, you probably want a cookie too."

What the girl scout & $AGFY both understand is the value of moving first and positioning themselves to offer a supporting service in a "high" growth, emerging market (no pun intended).

The Bull Thesis:

$AGFY is an agriculture-tech company, providing a suite of services for indoor agriculture cultivation. These services address two customer pain points: operational efficiency and quality assurance (yield).
They are a first mover in this space, and their vertical farming unit, LED lights, and crop protection software services position themselves to be a high value, high customer switchover cost player in the value chain.

$AGFY is a buy for me with a price target of $42 by Q3 2022.

Core Services
They offer services for vertical farming, crop protection, and LED lights for indoor growing operations.         

Third Quarter 2021 Financial Results (Are you seeing this shit?)

  • Revenue:
    • Revenue grew 460% year-over-year and 33% sequentially to $15.8 million in Q3 2021
    • New bookings of $32.2 million, increasing total backlog to $117.5 million
    • Q4 2021 bookings are expected to top $100 million, Q4 2021 revenue expected to be approximately $26 million to $28 million, and full-year guidance increased to $60 million to $62 million

Customer Acquisition News

  • Announced new customer engagements:

    • Signed second Agrify Total Turn-Key Solution (“Agrify TTK Solution”) agreement with True House Cannabis LLC to install up to 214 of Agrify’s Vertical Farming Units (“VFUs”)

    • Based on the newly increased VFU count, this partnership is anticipated to generate an estimated $73 million in revenue in the next 10 years

    • Established multi-year vertical farming research and development partnership with Curaleaf to study the impact of cultivation environment on plant health and harvest yields

 

References

  1. https://ir.agrify.com/news-and-events/investor-calendar
    • Checkout Their Data Sheets on Their Services
  2. https://www.agrify.com/datasheets-brochures/ 
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read-time
2 min

42.00

Target Price

8/ 10

Confidence

1-3 Years

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