RYTHM, Inc. (RYM), formerly Agrify Corporation, is a hemp-derived THC consumer packaged goods company that sells hemp-derived beverages and edibles under a portfolio of licensed brands. Revenue comes from two streams: direct product sales of hemp-derived THC goods (Non-licensing Revenue) and licensing its brands to third-party manufacturers and distributors (Licensing Revenue). The company's brand portfolio includes RYTHM, incredibles, Dogwalkers, Beboe, &Shine, Doctor Solomon's, Good Green, and Señorita, as disclosed in the 10-K filed 2026-03-03. The Señorita brand, positioned as a low-sugar, low-calorie alternative to alcoholic beverages, is available in fifteen U.S. states and Canada as of the filing date. The incredibles brand intellectual property was acquired from VCP IP Holdings, LLC, an indirect subsidiary of Green Thumb, on May 20, 2025. RYTHM has no direct employees other than its Interim Chief Executive Officer, with CFO services provided through a Shared Services Agreement with VMS at a maximum of $72,552 per month.

Revenue model

Two revenue streams: direct sales of hemp-derived THC consumer packaged goods (Non-licensing Revenue) sold through retailers, online, and direct-to-retail partnerships; and brand licensing fees (Licensing Revenue) paid by third-party manufacturers and distributors. No segment revenue percentages are disclosed in the filing excerpts provided.

Products and services

Hemp-derived THC beverages under the RYTHM and Señorita brands, including Señorita flavors (classic Lime Jalapeño Margarita, Mango Margarita, Paloma, Ranch Water). Edible products under incredibles and Beboe sold online and through direct-to-retail partnerships. Additional brands include Dogwalkers, &Shine, Doctor Solomon's, Good Green, and Señorita. Extraction equipment business (Precision Extraction, PurePressure, Lab Society, Cascade Sciences) was discontinued as of March 30, 2025.

Customers and end markets

Adult consumers seeking hemp-derived THC beverages and edibles. Retail partners include Total Wine, ABC Fine Wine & Spirits, and Binny's. Products sold in fifteen U.S. states and Canada as of the 10-K filing date (2026-03-03). Licensing customers include GTI Core, LLC, an indirect subsidiary of Green Thumb.

Value-chain role

Brand owner and product seller in the hemp-derived THC consumer packaged goods market. Licenses brands to third-party manufacturers and distributors. Operates without a direct employee base beyond the Interim CEO, with executive functions provided through shared services agreements.

Geographic exposure

United States (fifteen states) and Canada for the Señorita brand, as disclosed in the 10-K filed 2026-03-03. Broader U.S. distribution through online and retail channels for other brands.

Source: SEC 10-K, filed 2026-03-03

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