Agrify Chairman, CEO Raymond Chang resign, Benjamin Kovler named interim

Concurrent with the Financing, Raymond Chang resigned as Chairman and CEO of Agrify (AGFY) and I-Tseng Jenny Chan stepped down from the Board. Following the acceptance of the resignations, the Agrify Board appointed Benjamin Kovler, Richard Drexler, and Armon Vakili to replace the outgoing Directors, bringing the total Board membership to six, the majority of whom are independent. In addition, Mr. Kovler was appointed to the roles of Agrify’s Chairman and Interim CEO following Mr. Chang’s resignation. Mr. Kovler, the Founder, Chairman and CEO of Green Thumb (GTBIF), will retain his leadership and responsibilities at Green Thumb, where he is focused on creating value for Green Thumb shareholders. Drexler has over 40 years’ experience in corporate leadership roles as well as serving on several public company boards and audit committees. Vakili currently serves as Vice President of Strategic Initiatives & Partnerships at Green Thumb.