GrowLife, Inc.
Symbol: PHOT
Current Price: $0.046
GrowLife has several business divisions and operates as a diversified holding company. PHOT's divisions include 1) StealthGrow LED (lights for indoor growing), 2) SG Sensors (markets wireless monitoring and control equipment to operate all major grow room functions), 3) Phototron (plant growing equipment), 4) Greners.com (online supplier of a full range of hydroponic equipment for shipment worldwide), 5) Urban Garden (Specialty hydroponic store in Los Angeles doing business as urban garden supplies) and 6) GrowLife Productions (aims to foster a growing community around GrowLife brands.)
On top of the business divisions listed above, PHOT just announced on Monday, June 10th, that they have acquired 1) Rocky Mountain Hydroponics, 2) Evergreen Garden Center and 3) 58Hydro.com.
With all of this, GrowLife is becoming one of the largest and most diversified conglomerates related to indoor gardening in the United States with operations and distribution nationwide. PHOT is worth approximately $25 million in terms of market cap and continuing to increase its value with a strategy of GrowLife Innovations, Product / Service Acquisitions, Online Retail, Brick and Mortar Stores and Wholesale and Mass Market.
The CEO of PHOT is a former federal regulatory attorney who brings a refreshing level of credibility to a fragmented industry with exponential growth potential. He has been consolidating players in the space with acquisitions in 2012, which have already begun to generate revenue. With the acquisitions on June 10th, the company is continuing to consolidate the industry into the GrowLife brand and allowing investors to invest in the sector in the well diversified PHOT stock.
On May 15th, GrowLife, Inc. (PHOT) announced a 725% increase in quarterly revenue with sales of approximately $760k for Q1. Cash on hand increased to $256,640 from $36,602 from the previous quarter.
The Pew Research Center, conducted a national survey in March of this year and discovered that 52% say that the use of marijuana should be made legal while 45% say it should not. Data extrapolated by MMJ Business Daily from a Washington State Report indicated that "Marijuana May be a $45 Billion Annual Industry."
Continue to research this fascinating opportunity with PHOT as it is at the ground floor level and could provide strong returns to investors who have discovered it.
For additional information, see the GrowLife Investor Presentation and the extensive research report on GrowLife (PHOT) by Grassroots Research.
Continue to check out our homepage and our winning Stock Newsletter for alerts on PHOT.
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