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?)
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