RYTHM, Inc. has announced a significant amendment to its existing trademark and recipe license agreement with GTI Core, LLC, a subsidiary of Green Thumb Industries Inc. This amendment, effective October 13, 2026, is poised to enhance RYTHM's brand commercialization opportunities as federal regulations governing hemp-derived THC products evolve.
The amendment adds RYTHM's Señorita brand to the intellectual property licensed to GTI Core. Under the new terms, RYTHM and its affiliates will have exclusive rights to commercialize the Señorita brand outside of state-regulated dispensary channels, while GTI Core's rights will be limited to those channels. This strategic move is expected to position RYTHM favorably as the market adapts to new legal frameworks.
RYTHM, Inc. operates in the agricultural services sector and is publicly traded on Nasdaq under the ticker symbol RYM. The company was formerly known as Agrify Corp before its name change in January 2020. The recent filing indicates that Green Thumb Industries, which holds approximately 32% of RYTHM's outstanding common stock, has a vested interest in the company's direction, with its Chairman and CEO, Benjamin Kovler, also serving as RYTHM's Chairman and Interim CEO.
The amendment stipulates an increase in the base licensing fees by $250,000 annually, reflecting the added value of the Señorita brand to the agreement. All other terms of the original August 2025 License Agreement remain unchanged. This financial adjustment underscores the growing importance of intellectual property in the rapidly evolving cannabis market.
As the agricultural services industry navigates these changes, RYTHM's proactive approach may set a precedent for other companies in the sector. The filing does not specify what actions will follow this amendment, but it positions RYTHM to capitalize on emerging opportunities as regulations shift.
For further details, the complete text of the amendment is available as Exhibit 10.1 in the SEC filing, which can be accessed through the SEC's website.