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Sounds good bubble man. Context is very important... I hate fake news also.
I NEVER have and NEVER will listen to FAKE NEWS!
Hey, did you listen to the Zoom call? Very interesting products. Even offered to give shareholders a box of Bill Walton chocolate bars.
How would a stock buyback work? Never been a part of anything like that before.
Heard something about stock buyback.
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.
Smart investors are not falling for BS fairytales!
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.
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.
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
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.
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
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.
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?
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
Nobody wants a perpetually non-performing POS!
5400 Carillon Point
Kirkland, Washington 98033
Fax No: 206-826-9181
GrowLife, Inc. - Corporate Internet Homepage:http://growlifeinc.com/
GrowLife President Marco Hegyi's GrowLife - A New Day Page: https://medium.com/@hegyi/a-new-day-134e43f983f1#.tg23wt9y7
GrowLife President Marco Hegyi's Twitter Page: https://twitter.com/marcohegyi
GrowLife, Inc. Facebook Page: https://www.facebook.com/GrowLifeInc/
***July 27, 2017 NEWS OUT: GrowLife, Inc. (PHOT) Going International and taking Canada by Storm***
New GrowLife Calgary Office to Serve Canada
July 26, 2017 09:00 AM Eastern Daylight Time
KIRKLAND, Wash.--(BUSINESS WIRE)--GrowLife, Inc. (OTCBB: PHOT), one of the nation’s most recognized indoor cultivation service providers, announced the formation of its Canadian office in Calgary, Alberta to provide its products and services across the entire country.
“We have been closely monitoring the progressive government policies in Canada that are championed by its executive administration and aligned with the Canadian market's need. As a result, GrowLife has decided to invest in its expansion across Canada.”
"At the Lift Cannabis Expo 2017 in Toronto, Ontario GrowLife announced the registration of GrowLife Hydroponics in Canada, whereby PHOT’s distribution subsidiary, GrowLife will provide dedicated resources to serve the growing Canadian market," announced Marco Hegyi, chairman and CEO of GrowLife, Inc. "We have been closely monitoring the progressive government policies in Canada that are championed by its executive administration and aligned with the Canadian market's need. As a result, GrowLife has decided to invest in its expansion across Canada."
Leading the team in Canada is David Auger, who will serve as senior officer of GrowLife Hydroponics in Canada and report to Joseph Barnes, Senior Vice-President of Business Development of GrowLife, Inc.
“I met with several Canadian parties from the indoor cultivation industry last week and was impressed by how they are aligned with the Canadian national and municipal laws and policies. The demand and need for a reliable supply chain partner for both business (B2B) and consumer (B2C) over the next few years provides great opportunity for GrowLife,” stated Mr. Marco Hegyi, CEO and Chairman of GrowLife, Inc.
More information and commentary on the Company is also provided on Mr. Hegyi’s blog and Twitter @marcohegyi. Specific financials and corporate actions on GrowLife (OTCBB: PHOT), can be found in the filings at the SEC website.
About GrowLife, Inc.
GrowLife, Inc. (PHOT) (www.growlifeinc.com) aims to become the nation’s largest cultivation service provider for cultivating organics, herbs and greens and plant-based medicines. Our mission is to best serve more cultivators in the design, build-out and expansion of their facilities with products of high quality, exceptional value and competitive price. Through a nationwide network of local representative, regional centers and e-Commerce, GrowLife provides essential goods and services including media (farming soil), industry-leading hydroponics equipment, plant nutrients, and thousands more products to specialty grow operations. GrowLife is headquartered in Kirkland, WA and was founded in 2012.
Marco Hegyi 6/12/17 on Medium.com: https://medium.com/@hegyi/game-changing-growth-c85afca50451
Game Changing Growth
GrowLife is growing again but, as always, we want it faster. We must continuously remind ourselves that we are building an industry and not just a company. I have been waiting to complete our first half of the year to blog as a follow up on the Feb 24th blog posting of 2017 GrowLife Roadmap. However, I cannot continue to watch the market, and especially our sector, decline without speaking up. The bottom line is that our industry is being reshaped by a political tug of war between the Federal Administration and 30 States that have legalized Cannabis. These are growing pains.
In this posting I will address some key questions that have been floating around several bulletin boards about the Company:
- Where is GrowLife headed?
- What is the Company’s vision? Why?
- Why did GrowLife form an advisory board?
- When will we have a shareholder meeting?
- How can shareholders stay best informed?
January 15, 2017 - GrowLife Expands Sales and Board of Directors
"GrowLife, Inc. (OTCBB: PHOT), one of the nation’s most recognized indoor cultivation service providers, announced today the expansion of its Board of Directors and management team.
As GrowLife seeks to capitalize on the increasing demand for indoor cultivation by commercial growers as well as consumers, along with the recent announcement of GrowLife’s Retail License Program, it has added two experienced executives to its board of directors: Ms. Katherine McLain, corporate counsel for Stripe and the return to the Board of Mr. Mark Scott, GrowLife CFO.
“Our new board members strengthen the GrowLife bench and deepen the resources across finance, legal and operations,” stated Mr. Marco Hegyi, GrowLife Chairman and CEO. “Katherine brings Silicon Valley legal knowledge and banking expertise from Stripe and Silicon Valley Bank, and Mark rejoins the board and adds a second executive board member perspective.” Their brief biographies are listed below.
In addition, Mr. Darren Erasmus, a well-respected cultivation industry leader from House & Garden Nutrients, has joined the Company as its National Sales Manager.
“Darren’s wealth of experience and unparalleled network is a powerful and critical addition to GrowLife,” continued Mr. Hegyi. “He will help Joe Barnes, Senior Vice-president of Business Development, build our Sales team, GrowLife’s focus on nationwide revenue expansion, and recruit stores into the GrowLife Retail License Program.”
The GrowLife Retail License Program was announced last month. Its first licensee is Fairmount Hardware, an Ace Hardware franchise, located at 2011 Fairmount Ave, Philadelphia, PA. The store is completing its training, inventory stocking and customer engagement steps to go live next month. More details on obtaining a GrowLife licenses in locations in selected markets across the country can be found at growlifeeco.com/about/retail-licensing-program.
Ms. Katherine McLain, GrowLife Board Member
Katherine McLain, Esq. currently serves as corporate counsel for Stripe, Inc. and has previously held legal and compliance roles ranging in both public and private companies. She has over 30 years of experience as a revenue focused attorney and regulatory professional helping grow new business lines as well as ground up start up ventures. She is a graduate of the University of California, Berkeley and the Santa Clara University School of Law and lives with her family and dog Jax in Castro Valley, CA.
Mr. Mark Scott, GrowLife Board Member
Mr. Scott has returned to the Board of Directors and Secretary of GrowLife, Inc.. On July 31, 2014, Mr. Scott joined GrowLife as Consulting Chief Financial Officer. Mr. Scott has significant financial, capital market and relations experience in public micro-cap companies.
Mr. Darren Erasmus, GrowLife National Sales Manager
Mr. Darren Erasmus joined GrowLife in January 2017 to operate the Company’s retail and direct account sales programs as National Sales Manager. He brings more than 10 years of working with retail stores, wholesale distributors and large-scale commercial growers. Most recently, he worked with Humboldt Wholesale and House & Garden Nutrients for five years. In his new role, he is responsible for expanding nationwide revenue and recruiting a proven team of account and store managers. Mr. Erasmus graduated from the University of Alabama and resides in Denver, Colorado with wife and three children.
More information and commentary on the Company is also provided on Mr. Hegyi’s blog. Specific financials and corporate actions on GrowLife (OTCBB: PHOT), can be found in the filings at the SEC website."
At GrowLife, The Most Important Thing We Cultivate is Success
Our knowledgeable sales representatives, retail stores, and greners.com e-commerce unit has already serviced more than a million square feet of crops including the operations of several award-winning cultivators.
With GrowLife, responsible cultivators have the right tools and services to maximize the yield of high-quality crops for medicinal use, and further, minimize the environmental impact of their operations.
GrowLife’s strategy is clear: Leverage solid business fundamentals, smart investments and strategic use of technology to help businesses grow and the industry flourish.
XBRL PHOT June 30, 2015 XBRL PHOT March 31, 2015 XBRL PHOT December 31, 2014 XBRL PHOT September 30, 2014 XBRL PHOT June 30, 2014
PHOT extra DD links
PHOT Share Structure
|a/o Jun 20, 2016 |
a/o Aug 12, 2016
## STOCK DETAILS ##
After Hours Quote: http://www.nasdaq.com/symbol/PHOT/after-hours
Option Chain: http://www.nasdaq.com/symbol/PHOT/option-chain
Historical Prices: http://finance.yahoo.com/q/hp?s=PHOT+Historical+Prices
Company Profile: http://finance.yahoo.com/q/pr?s=PHOT+Profile
## COMPANY NEWS ##
Market Stream: http://www.nasdaq.com/symbol/PHOT/stream
Latest news: http://www.otcmarkets.com/stock/PHOT/news - http://finance.yahoo.com/q/h?s=PHOT+Headlines
## STOCK ANALYSIS ##
Analyst Research: http://www.nasdaq.com/symbol/PHOT/analyst-research
Guru Analysis: http://www.nasdaq.com/symbol/PHOT/guru-analysis
Stock Report: http://www.nasdaq.com/symbol/PHOT/stock-report
Stock Consultant: http://www.nasdaq.com/symbol/PHOT/stock-consultant
Stock Comparison: http://www.nasdaq.com/symbol/PHOT/stock-comparison
Research Reports: http://www.otcmarkets.com/stock/PHOT/research
Basic Tech. Analysis: http://finance.yahoo.com/q/ta?s=PHOT+Basic+Tech.+Analysis
Spoke company information: http://www.spoke.com/search?utf8=%E2%9C%93&q=PHOt
Corporation WIKI: https://www.corporationwiki.com/search/results?term=Growlife ;
## FUNDAMENTALS ##
Call Transcripts: http://www.nasdaq.com/symbol/PHOT/call-transcripts
Annual Report: http://www.companyspotlight.com/library/companies/keyword/PHOT
Income Statement: http://www.nasdaq.com/symbol/PHOT/financials?query=income-statement
SEC Filings: http://www.nasdaq.com/symbol/PHOT/sec-filings
Latest filings: http://www.otcmarkets.com/stock/PHOT/filings
Latest financials: http://www.otcmarkets.com/stock/PHOT/financials
Short Interest: http://www.nasdaq.com/symbol/PHOT/short-interest
Dividend History: http://www.nasdaq.com/symbol/PHOT/dividend-history
OTC Short Report: http://otcshortreport.com/index.php?index=PHOT
Short Sales: http://www.otcmarkets.com/stock/PHOT/short-sales
Key Statistics: http://finance.yahoo.com/q/ks?s=PHOT+Key+Statistics
Insider Roster: http://finance.yahoo.com/q/ir?s=PHOT+Insider+Roster
Income Statement: http://finance.yahoo.com/q/is?s=PHOT
Balance Sheet: http://finance.yahoo.com/q/bs?s=PHOT
Cash Flow: http://finance.yahoo.com/q/cf?s=phot+Cash+Flow&annual
## HOLDINGS ##
Major holdings: http://data.cnbc.com/quotes/PHOT/tab/8.1
Insider transactions: http://finance.yahoo.com/q/it?s=Phot+Insider+Transactions
Insider transactions: http://www.secform4.com/insider-trading/PHOT.htm
Insider transactions: http://www.insidercow.com/history/company.jsp?company=PHOT
Ownership Summary: http://www.nasdaq.com/symbol/PHOT/ownership-summary
Institutional Holdings: http://www.nasdaq.com/symbol/PHOT/institutional-holdings
Insiders (SEC Form 4): http://www.nasdaq.com/symbol/PHOT/insider-trades
Insider Disclosure: http://www.otcmarkets.com/stock/PHOT/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
Market Watch: http://www.marketwatch.com/investing/stock/PHOT
Free L3 http://ih.advfn.com/stock-market/USOTC/surna-inc-PHOT/trades
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