The boom of the marijuana industry has enticed a number of agricultural and gardening companies to take a leap into it, and GrowLife, Inc is one of these companies. It has been providing plant cultivation supplies and technologies to growers over the last couple of years, and it has established its presence in the national cannabis industry more recently.
GrowLife, Inc aims “to be the nation’s largest cultivation service provider” by manufacturing and selling plant-growing products. The company reaches its consumers through e-commerce, direct-services channels, and local retail outlets. One of its primary distribution channels is Greners.com, a website that sells a wide range of growing supplies from third-party brands – from plant nutrients to lights to tents.
One product that GrowLife produces itself is the Phototron system, a hydroponic “grow box” that allows a plant to be grown self-contained in a small space. GrowLife manufactures and sells Phototron units through its wholly owned company, Phototron Holdings, Inc.
Up until its incorporation in 2012, GrowLife was actually a direct-selling subsidiary of Phototron Holdings. The latter decided to change its name to GrowLife as they “broadened the mission” of the company, according to then-CEO Sterling Scott.
Following a brief suspension by the SEC earlier this year, GrowLife has bounced back with better shareholder support and expansion to more states. Today, the Seattle, Washington-based company has established itself in 17 states and is looking to reach more.
GrowLife, Inc is traded in the OTC market as PHOT, with a market value of USD 55.85 M. Its key executives include Marco Hegyi, President and Director; Joe Barnes, VP of Retail Sales Operations; Andrew Iacobelli, Executive VP of Finance; and Mark E. Scott, Consulting CFO.
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KIRKLAND, Wash., Sept. 13, 2019 -- GrowLife, Inc. (OTC: PHOT), one of the nation’s leading plant cultivation and cannabis/hemp cloning solution providers, today announced the.
Estimates say that the CBD market in the U.S. will reach almost $24 billion by 2023 depicting an ever-growing need for hemp-derived CBD products. The new funding of $2.5 million will allow Growlife to pay its existing debt, expand the current base business and to present new high-margin CBD-hemp clones to its network of plant cultivators. “With the federal legalization of hemp and nationwide demand for CBD increasing, the need for high yield, CBD-rich hemp has never been greater and we have an unprecedented opportunity to supply these farmers with the clones they need to start their plants through EZ-CLONE,” Marco Hegyi, GrowLife CEO and President, said in a statement.
GrowLife, Inc. (PHOT), one of the nation’s leading plant cultivation and cannabis/hemp cloning solution providers, announced today the Company will exhibit at MJBizCon International September 4-6, 2019 in Toronto, Ontario at booth #105. The renowned show will provide the Company with the opportunity to further showcase its innovative products, including the EZ-Clone Pro commercial cloning unit. The MJBizCon International show is a unique chance for the Company to network with industry executives, learn more about trends in the marketplace and connect with companies with similar goals.
GrowLife continues to experience growth due to the successful integration of recently acquired EZ-CLONE Enterprises, Inc. and increased demand for cloning products for use in hemp CBD products. KIRKLAND, Wash. , Aug. 12, 2019 (GLOBE NEWSWIRE) -- GrowLife, Inc. (PHOT) (“GrowLife” or the “Company”), one of the nation’s most recognized indoor cultivation product and service providers, today announced financial results for the period ending June 30, 2019, and provided an overview of recent operational highlights from that quarter and the first half of 2019.
GrowLife, Inc. (PHOT), one of the nation's most recognized indoor cultivation product and service providers, today announced that the Company will file its second quarter financial and operational results filing on Aug. 9 and has scheduled an investor conference call for 4:30 PM ET on Monday, Aug. 12. GrowLife CEO Marco Hegyi will provide updates on financial and operational performance of the Company in the second quarter of 2019, share some recent developments in terms of strategic positioning and will finish his prepared remarks with a discussion on where the company is headed for the remainder of the year and into the future. Interested parties have the opportunity to submit questions regarding the Company prior to the call to Stuart Smith at SmallCapVoice.Com, Inc. via email: firstname.lastname@example.org by 12:00 PM ET on Friday, Aug. 9.