Agrify Corporation Appoints Stuart Wilcox to its Board of Directors
22 February 2021 - 11:00PM
Agrify Corporation (NasdaqCM:AGFY) (“Agrify” or the “Company”)
today announced the appointment of Stuart Wilcox, former Chief
Operating Officer of Curaleaf, to its Board of Directors. Mr.
Wilcox has replaced Matthew Kressy as an Independent Director on
the Board. Mr. Kressy recently stepped down as a Director, but he
will continue to engage with the Company by actively serving on
Agrify’s Advisory Board.
Mr. Wilcox is a highly accomplished executive
with over 30 years of domestic and international experience,
including multiple leadership roles in the cannabis industry.
During his career, he has served on numerous cannabis and biotech
boards and teams. Mr. Wilcox is currently Chairman of the Board of
Ora Pharm, an international cannabis company based in New Zealand.
He is also a member of the Advisory Board for Revelation Micro and
Managing Partner of NuRevelation, a biotech company based in North
Carolina. Previously, Mr. Wilcox spent three years as the Chief
Operating Officer of Curaleaf, during which time the company grew
into one of the industry’s largest cannabis companies. Mr. Wilcox
has been a strong advocate for cannabis, influencing legislation to
require product safety certifications for cannabis operators,
standardized product testing, and standard operating
procedures.
“I am thrilled to welcome Stuart to Agrify’s
Board of Directors,” said Raymond Chang, Chief Executive Officer
and Chairman of the Board of Agrify. “Stuart brings a wealth of
knowledge and experience in the cannabis industry from his previous
roles that we believe will be invaluable to Agrify as we continue
to scale up our organization to take on the significant growth
opportunities ahead of us.”
“My experience in the industry has given me
substantial insight into the market, and I believe Agrify has one
of the most exciting new cultivation solutions available,” said
Stuart Wilcox. “I am extremely impressed with the quality of the
Vertical Farming Units as well as the seamless integration with the
Agrify Insights platform. I strongly believe the turnkey solution
Agrify provides customers will enable them to grow with new
confidence and insights and drive their ability to produce
high-quality flower consistently.”
Mr. Chang added, “On behalf of the whole Board,
I would also like to thank Matthew for his service as a Director,
and we look forward to working with him in his new role as an
advisor to our team on product development and design.”
Mr. Wilcox’s previous work in the agriculture
sector has included amassing the largest hydroponic grow operation
for mung beans in the United States and developing hydroponic
cultivation facilities for leafy greens. He received an
undergraduate degree in Engineering from the University of Toledo
and a graduate degree from Central Michigan University.
About Agrify (NasdaqCM:AGFY)We are a developer
of premium grow solutions for the indoor agriculture marketplace.
We use data, science, and technology to empower our customers to be
more efficient, more productive, and more intelligent about how
they run their businesses. Our highly advanced and proprietary
hardware and software solutions have been designed to help our
customers achieve the highest quality, consistency, and yield, all
at the lowest possible cost. For more information, please visit our
website at www.agrify.com.
Forward-Looking StatementsThis press release
contains forward-looking statements that are made pursuant to the
safe harbor provisions within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking
statements are based on management’s current expectations and are
subject to risks and uncertainties that may cause actual results or
events to differ materially from those projected. These risks and
uncertainties, many of which are beyond our control, include: risks
relating to our growth strategy; our ability to obtain, perform
under and maintain financing and strategic agreements and
relationships; risks relating to the results of development
activities; our ability to attract, integrate and retain key
personnel; our need for additional funds; intellectual property
matters; competition; as well as other risks described in the
section entitled “Risk Factors” in the prospectus from our initial
public offering, which can be obtained on the SEC website at
www.sec.gov. Readers are cautioned not to place undue reliance on
the forward-looking statements, which speak only as of the date on
which they are made and reflect management’s current estimates,
projections, expectations, and beliefs. We expressly disclaim any
obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in our expectations or any changes in events,
conditions, or circumstances on which any such statement is based,
except as required by law.
Company Contacts:
AgrifyNiv Krikov Chief
Financial Officer niv.krikov@agrify.com(617) 896-5240
Rob KellyInvestor Relationsrob@mattio.com(416)
992-4539
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