Remy Smith's questions to Agrify (AGFY) leadership • Q3 2022
Question
Remy Smith of Alliance Global Partners inquired about retail sales data from partners using Agrify's VFUs and the competitive landscape for the extraction business beyond macro factors.
Answer
CEO Raymond Chang explained that their partner in Nevada, WhiteCloud, is back on track selling high-quality flower and is expected to achieve premium pricing. For the extraction business, he highlighted a strong rebound in Q4, a pipeline over $40 million, and innovation with the new PX10 extractor, noting that about $3 million in Q3 business was pushed to Q4.