Marc Beginin launched Prodigy Processing Solutions, a cannabis and hemp extraction equipment company. The launch comes after the high-profile sale of his previous company, Precision Extraction Solutions, to Agrify Corporation AGFY in 2021 for a sum exceeding $50 million.
Beginin strategically utilized the funds from the Precision Extraction acquisition to spearhead Prodigy.
"With Prodigy, we're pushing the boundaries of what's possible in cannabis and hemp extraction," stated Beginin, CEO of Prodigy Processing Solutions. "We've assembled an all-star team that delivers state-of-the-art equipment and comprehensive solutions that set new standards in the industry."
According to the company, its flagship product, the ProX, was designed to deliver processing speeds, user-friendly operation, and maximum return on investment for its customers. Prodigy's machinery is manufactured in the U.S. utilizing pharmaceutical-grade 316L stainless steel, shielding customers from supply chain disruptions while prioritizing operator and consumer safety.
"The ProX represents an unparalleled leap forward in cannabis extraction technology, setting a new benchmark for efficiency, speed, and quality, securing its place as the new gold standard in cannabis and hemp extraction," added Beginin.
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