Strategic Merger: Nature’s Miracle and Agrify Unite in Controlled Environment Agriculture

LOS ANGELES- Nature’s Miracle Holding Inc., a vertical farming technology, has successfully completed its acquisition of Agrify Corporation, a provider of advanced cultivation and extraction solutions. This merger positions the combined entity at the forefront of the Controlled Environment Agriculture (CEA) industry, leveraging each company’s strengths to enhance their market presence and technological capabilities.

By acquiring all outstanding shares of Agrify, Nature’s Miracle expands its revenue opportunities, particularly through the integration of Agrify’s advanced Software as a Service (SaaS) and Artificial Intelligence (AI) technologies. This integration is expected to improve operational efficiency and expand Nature’s Miracle’s footprint in the cannabis extraction market, a move that could significantly increase its revenue potential.

The terms of the merger specify that Agrify shareholders will receive approximately 0.45 shares of Nature’s Miracle stock for each share they held in Agrify, blending the resources and expertise of both companies under one umbrella. This exchange is designed to solidify their consolidated market position and spur future innovations within the CEA sector.

Post-merger, Raymond Chang, former CEO and Chairman of Agrify, will lead the newly established Agrify division within Nature’s Miracle and join its board. This leadership continuity is intended to harness synergies between the two companies, fostering a collaborative environment that enhances their capabilities and supports shared growth and technological advancements.

Prior to finalizing the merger, Nature’s Miracle and Agrify had already begun to realize joint synergies, such as Nature’s Miracle’s acquisition of horticultural LED lighting equipment from Agrify. This early collaboration highlights their commitment to enhancing productivity and efficiency through the strategic use of combined technologies.

James Li, CEO of Nature’s Miracle, expressed optimism about the future, noting the strategic benefits of the merger in terms of enhanced revenue from cannabis extraction and improved operational efficiencies. Meanwhile, Raymond Chang underscored the merger as a significant opportunity for consolidation within the indoor growing sector, with the potential to drive innovation and provide advanced solutions to the agriculture industry.