Below is a recap of the main news related to the cannabis industry and markets for the week of August 13, 2021, which was marked by earnings reports out of many of the largest companies in the space – all details below.
Agrify Corporation (NASDAQ: AGFY) announced financial results for the period ended June 30, 2021, revealing 203% revenue improvement from the same period in 2020, reaching $11.8 million.
Gainers
Powerbridge Technologies Co., Ltd. (NASDAQ: PBTS) shares surged 65.4% to close at $2.10 on Thursday after the company announced it is expanding its blockchain business to engage in cryptocurrency mining.
Agrify (NASDAQ:AGFY) reported $11.82 million in sales this quarter. This is a 202.58 percent increase over sales of $3.91 million the same period last year.
Gainers
Powerbridge Technologies Co., Ltd. (NASDAQ: PBTS) jumped 64.2% to $2.0850 after the company announced it is expanding its blockchain business to engage in cryptocurrency mining.