Deal Snapshot
Burns and Levinson Represents Agrify Corp. in USD 50m Acquisition of Precision Extraction Solutions and Cascade Sciences
Monday 11 October 2021

Boston, US-based corporate law firm Burns and Levinson represented US-based indoor agriculture grow solutions provider Agrify Corp. (NASDAQ: AGFY) in its USD 50m acquisition of Precision Extraction Solutions and Cascade Sciences.

Agrify acquired Precision and Cascade, two of the largest brands that provide equipment and solutions for extraction, post-processing, and testing for the cannabis and hemp industry, from Sinclair Scientific in early October. Agrify's USD 50m acquisition of Precision and Cascade consists of USD 30m in cash and USD 20m in value of Agrify common stock. The total purchase price may be adjusted to up to USD 65m based on the performance of the Precision and Cascade businesses for the fiscal year ending December 31, 2021.


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Details
Date Published: 11/10/2021

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