GrowLife Inc (PHOT)

[88TH MAN]

Wow! PHOT went from 0.0002 to 0.002, +0.0018 (+900.00%). Now, let's do the math. The volume was 3603 X 0.002 = $7.20 How could a stock move up 18 points, for only 7 dollars, and 20 cents?

[Pennies-to-Pounds]

PHOT (Bridgetown Mushrooms) diversifying and getting into the coffee game. Me likes.
https://finance.yahoo.com/news/growlife-announces-release-kind-coffee-130000927.html

[ihorchu]

Still luring in suckers! LMAO!

[ihorchu]

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[misterfishman]

wow, you are a ray of sunshine every where you go, simply amazing.

[ihorchu]

You and/or the stock?

[Saveme79]

😂 Loser…

[ihorchu]

Here comes .0000000001! SELL!

[ihorchu]

Can't even file their paperwork with the SEC. No wonder the SEC pulled the plug on them! LMAO!

[Pennies-to-Pounds]

Appears so.

[ihorchu]

Monumental volume. Everybody wants this. LMAO!

[ihorchu]

LMAO!

[Saveme79]

Is this stock halted? 🤔

[Saveme79]

Sounds good bubble man. Context is very important... I hate fake news also.

[ihorchu]

I NEVER have and NEVER will listen to FAKE NEWS!

[Saveme79]

Hey, did you listen to the Zoom call? Very interesting products. Even offered to give shareholders a box of Bill Walton chocolate bars.

[ihorchu]

I wonder why nobody is buying PHOT? Maybe because investors see it for what it's been the last 10 years. Nothing but a share-selling SCAM!

[Saveme79]

Same.

[Pennies-to-Pounds]

How would a stock buyback work? Never been a part of anything like that before.

[ihorchu]

LMAO!

[Saveme79]

Heard something about stock buyback.

[Pennies-to-Pounds]

No, I didn't catch it. I'm going to reach out to our investor relations team and see if they have a recording. I'll post it here if I find it.

[ihorchu]

Smart investors are not falling for BS fairytales!

[Saveme79]

Did anyone listen to the shareholder update/webinar?

[ihorchu]

LMAO!!!

[Pennies-to-Pounds]

I hope so. Then I can gobble up all the shares.

[ihorchu]

.000001 coming soon!!!

[ihorchu]

This POS is going nowhere!

[Pennies-to-Pounds]

I called around to some GrowGeneration stores this morning and they don't have the product on the shelves yet. Something to do with packaging issues to make it legal to sell retail in the US.

However, from speaking with some of my industry contacts, it sounds like the Commercial Sales Division at GrowGeneration has already started peddling their products on a commercial level to farmers and cultivators. That's probably where the bulk of their reported sales have come from so far.

I would advise caution to you when considering any sales estimates from company's in the cannabis space. I spent 3 years working as a Marketing Executive in that industry and things always move slower than anticipated. Ie. If a product is expected to hit shelves in June it won't hit shelves until September.

Also, "Harvest Season" ends in October, so if their mycology kits don't hit GrowGeneration shelves by then it will dramatically impact their sales forecasts. Won't be a deal breaker, but the seasonabl reduction in foot traffic will make their sales come in well below estimates. And based on what I'm hearing from the stores, it is looking increasingly unlikely this product will hit shelves in time.

[Pennies-to-Pounds]

It was a sinking ship for a long time and GrowLife, the Cannabis company is dead and buried. But they took the little capital they had left in January and purchased Bridgestone Mushrooms. That's who they are now, Bridgestone Mushrooms, not GrowLife.

Since then they have been focusing on a strategy to sell mycology kits in retail stores. They've partnered with GrowGeneration to do this, but I made some calls and the product still hasn't hit shelves. The folks at the GrowGeneration stores are expecting this to arrive in September or October. The stores I talked to about it are extremely excited to start selling these mycology products as there is a huge demand for it with their customers.

I've heard rumblings of some packaging issues to be able to legally sell the products on a retail level in Oregon and I'm assuming this stretches to other states. This is the biggest stumbling block. If they can get past it, this stock has massive upside potential.

They are also using GrowGeneration's commercial sales division to promote their Mushroom products to farms and cultivators. The partnership with GrowGeneration is massive as it gives them national exposure at both a retail and commercial level.

My plan is to continue to call their stores and once the product officially hits the shelf I'll be sizing up my investment considerably. They will have positioned themselves as "America's Mushroom Company" in a mushroom industry that is poised to be the next boom.

You do what you want ihorchu and sounds like you were burned by these guys in the past. Hopefully you can catch this at the bottom and ride it to the top to recover what you lost.

[ihorchu]

This hasn't gone anywhere in almost 10 years. Nobody wants this!

[stockrider]

Acquisition already happened and SS have not changed so it will be only a symbol change later on is my understanding and our shares will be continued to be retained by us. The fact that this already completed acquisition without major change in SS (still tiny at 40M) and that this company will be profitable by end of this year is amazing in OTC world so this wont be trading in subpenny for long. Blast off anytime now

[ihorchu]

LMAO!

[Pennies-to-Pounds]

stockrider, in the PR they mentioned: "before the end of 2023, the Company plans to drop the GrowLife name and stock symbol to become Bridgetown with a new stock symbol". Will our shares in PHOT automatically change to the new stock symbol or will they fold PHOT and we would be SOL? I've never gone through a stock symbol name change before and want to know that I'm protected.

[ihorchu]

They're still peddling fake news!

[stockrider]

Read the PR closely, company is already on its way to make $3M this year (not 2024). With a conservative 5x multiplier for valuation which is still low for this industry it puts valuation at $15M. With 40M in OS that puts fair pps valuation at $0.35-$0.40. Current market cap of $160K is a big joke, shorts going to be toasted on this real soon when they get squeezed and chase this in multi pennies to cover their naked short positions. This gem is yet to be discovered by whales, watch how fast pps moves when they do with this tiny OS

[Pennies-to-Pounds]

stockrider, what do you think the stock price will go to if they post annual sales over a million for 2023? They will probably do 3million+ in 2024 and ramp up to 10million in 2025 at 50% margins, based on their recent reporting. I think they are strategically poised to meet or exceed those numbers in their reported timelines.

[ihorchu]

Save yourselves! The end is near for this SCAM!

[Pennies-to-Pounds]

Read this MarketScreener article a few days ago and it says that "before the end of 2023, the Company plans to drop the GrowLife name and stock symbol to become Bridgetown with a new stock symbol that reflects its focus on the mushroom industry and enter 2024 with a public profile that represents our evolving brand."

What will this mean for PHOT shareholders? Will they receive shares under the new stock symbol or will we be just SOL?

https://www.marketscreener.com/amp/quote/stock/GROWLIFE-INC-120794328/news/GrowLife-Provides-Mid-year-Operational-Update-and-Reaffirms-Plans-to-Turn-EBITDA-Positive-Before-the-44493140/

[stockrider]

Dream on, this has been shorted to $100K market cap now, watch this explode to 0.05-0.10 quickly with current tiny OS of 40M. Even with pps at 0.10 market cap will be still tiny at only $4M

[ihorchu]

Sell before this gets delisted!

[stockrider]

Up 27%, going back up again to pennyland, chart shaping up. Next week this blasts off with this tiny OS. Shorts are going to be caught off guard and squeeze is going to be fierce

[ihorchu]

LMAO, LMAO, LMAO!!!

[stockrider]

No selling, watch the shorts get squeezed soon with this tiny 40M OS. They will pay the price and will start to cover in pennies once squeeze starts anytime now. This can go to 0.05+ in a hurry with this tiny OS

[ihorchu]

WOW! Look at the massive volume! 1 share traded! LMAO!

[ihorchu]

LMAO, LMAO, LMAO!!!

[stockrider]

Even at $0.50 the market cap will be still only $20M with this tiny OS of 40M. THis won't stay at this pps and at this current market cap of $100K for long, it is just matter of time before we will see a pps eruption here

[ihorchu]

Nobody wants a perpetually non-performing POS!

[WHITTENHALLJR]

Fairly shocking even by otc standards lol

[ihorchu]

Soon to be at .00001!