RYTHM, Inc., formerly Agrify Corporation, completed a significant strategic pivot in 2025 by exiting its legacy cannabis extraction business and rebranding to focus exclusively on licensing intellectual property for hemp-derived THC products. This transition drove a near doubling in revenue in 2025 compared to 2024, fueled primarily by brand licensing fees from established cannabis operators. However, ongoing federal regulatory uncertainty and licensee compliance risks temper near-term growth prospects. The company continues to absorb operating losses and negative free cash flow, reflecting costs associated with maintaining and defending its intellectual property portfolio amid a contested cannabis legal framework.