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That's a good question and I probably would have had an answer for you previously but every time I set a target, we meet it and I move the goal post.
I remember the days I would have been happy with 100% .. then it was 200%.. then it became 300%.. then... well you get the picture.
I honestly don't know... we are embarking on a new era... I keep an eye on the whole industry and know we are truly making history.
I know that didn't answer your question in a more precise manner like you were hoping I would but I answered it in the most honest way I could.
Arrrrrghhhh!!! You HAD to mention him??? ~ LOL... Ahhhhh, the memories !!!
EXCELLENT post Hacktheripper !!!
Ok guys on that note... I'm bored.. I'm going to find someone else to play with for a while.
See later ~
K
LMAO !!!! And they tell MEEEEEE to play nice??
That was really funny !!!
Monkey ~
EXCELLENT as always !!!!
Aren't you suppose to be on vacation??
Back AWAAAAAY from the keyboard and go enjoy your family !!!
LOL ~ Seriously, do we need to go over there an take their mouse away so they will STOP it already???
Have you ever known PHOT not to make sure all their "i's" are dotted and "t's" are crossed?
I pretty much expected it.
420 4:20 4/20
For those of you who don't know or are afraid to ask here's a link to the constant reference to 420 4/20 4:20 in this industry. There's plenty of reference to it on the internet, but this one will get you started.
Don't feel bad, I didn't know until about 3 years ago what it meant either.
http://en.wikipedia.org/wiki/420_(cannabis_culture)
420 (cannabis culture)
420, 4:20, or 4/20 (pronounced four-twenty) is a code-term that refers to the consumption of cannabis and by extension, as a way to identify oneself with cannabis subculture or simply cannabis itself. Observances based on the number 420 include smoking cannabis around the time 4:20 p.m. (with some sources also indicating 4:20 a.m.[1][2]), on any given day, as well as smoking and celebrating cannabis on the date April 20 (4/20 in American form).[3]
A group of teenagers in San Rafael, California, calling themselves the Waldos[4][5][6] began using the term in connection with a plan to search for an abandoned cannabis crop that they had learned about in autumn 1971.[6][7] Although their typical "hang-out spot was a wall outside the school," the Waldos designated the Louis Pasteur statue on the grounds of San Rafael High School as their meeting place, and 4:20 p.m. as their meeting time.[8] The Waldos referred to this initial plan with the phrase "4:20 Louis", but after multiple attempts to find the crop failed, the phrase evolved in form and use—shortened simply to "4:20", the teens increasingly relied on the codeword to refer to pot-smoking in general.[7] High Times, particularly the editor Steven Hager, was responsible for bringing the Waldos story to a national audience.[9] Hager called for 4:20 p.m. to be the socially accepted time of day to consume cannabis and attributed the early spread of the phrase to Grateful Dead followers, who were also linked to the city of San Rafael.[10]
April 20 observances[edit]
Students and others gather for a "420 Day" event in Porter Meadow at the University of California, Santa Cruz, campus on April 20, 2007.
April 20 has become a counterculture holiday in North America, where people gather to celebrate and consume cannabis.[2][3] Some events have a political nature to them, advocating for the legalization of cannabis. North American observances have been held in San Francisco's Golden Gate Park near the Haight-Ashbury district,[11] the University of Colorado's Boulder campus,[5][12][13] Ottawa, Ontario, at Parliament Hill and Major's Hill Park,[14][15] Montréal, Québec at Mount Royal monument,[16][17] Edmonton, Alberta at the Alberta Legislature Building,[18] as well as Vancouver, British Columbia at the Vancouver Art Gallery.[19] The growing size of the unofficial event at UC Santa Cruz caused the Vice Chancellor of Student Affairs to send an e-mail to parents in 2009 stating: "The growth in scale of this activity has become a concern for both the university and surrounding community."[20]
Events have also occurred in Auckland, New Zealand at the Daktory.[21][unreliable source?] and Dunedin, New Zealand, at University of Otago.[22][23][24][25][26][27]
Impact[edit]
In Colorado, the Colorado Department of Transportation replaced the frequently stolen Mile Marker 420 sign on I-70 east of Denver with one reading 419.99 in an attempt to stop the thievery.[
http://en.wikipedia.org/wiki/420_(cannabis_culture)
And just like that released @ 4:20 here it is!!!
GrowLife Releases Annual Report, Posts $1.9 Million in Q4 Revenue, $4.8 Million in Annual Sales
WOODLAND HILLS, Calif., March 31, 2014 /PRNewswire/ -- GrowLife, Inc. (OTCBB: PHOT), a diversified company operating in the legal cannabis industry which develops, markets and deploys products and services of legal cannabis, is pleased to announce the timely filing of its Annual Report and financial results for the fiscal year ending December 31, 2013. The full 10k filing is available in its entirety at www.GrowLifeInc.com or on the SEC's website http://edgar.sec.gov/.
GrowLife revenues for 2013 revenue from sales increased to $4,858,976 from $1,450,745, an increase of $3,408,231 or 235% compared against audited revenues in 2012. For the quarter ended December 31, 2013, Q4, revenue was $1,912,311, an increase of $1,237,691, an 183% increase compared to the $674,620 in revenues recorded for the same period in 2012.
As the Company describes in detail in the full regulatory filing the improved results in 2013 were primarily attributable to GrowLife's (1) strategic acquisitions, (2) product expansion, (3) business alliances, and (4) continually improving market conditions. The Company's reported results reflect costs of certain important initiatives including GIFT transactions, GrowLife reintroduction and expansion of private label products under the Stealth Grow product line as well as other recent initiatives the Company has developed but as yet not derived revenue to date.
The rapid growth of the company in 2013, combined with our focus on market share and expansion has resulted in some margin compression, which the Company believes is temporary. Moreover, the Company's financial results also include substantial non-cash, one time charges related to warrants that were issued by the company in 2013 and expensed by the company in accordance with GAAP requirements. The reported net loss of the Company for 2013, on a non-GAAP basis, exclusive of non-cash one-time charges, was $2,038,907.
"We are extremely pleased with the 2013 financial results, especially the fourth quarter, which reflects the first period of fully amalgamated sales revenue from our store acquisitions earlier in the year," stated GrowLife CEO and Chairman Sterling Scott. "We also made key investments in 2013, to position the company for future expansion and maximize our ability to scale with the market."
Highlights from the period include:
Acquisition of Rocky Mountain Hydroponics, LLC and Evergreen Garden Center, LLC, commencing GrowLife Hydroponics retail presence in Colorado, Massachusetts, New Hampshire, and Maine. The Companies were acquired in the 2rd quarter of fiscal 2013. Revenue from these acquisitions is only fully expressed in the Q3 and Q4 totals.
Opening of our Northern California, Santa Rosa based GrowLife Hydroponics Store in Q4.
CANX joint venture in Q4 to provide GrowLife with the financial capital to accelerate acquisitions and take advantage of market opportunities.
"For a company that is so tremendously focused forward, the 10K filing is an important opportunity for us to pause and look back on 2013 with complete transparency," added Scott. "In addition to strong financial results, 2013 represents a year of investing in our people – from the tremendous customer-service approach of our front-line store personnel, to the depth and breadth of our leadership team and independent Board, I'm very proud of the team we've assembled.
"With the exception of one-time, non-cash charges in 2013, the important metrics of the Company are sound and improving. Importantly, as the legislative environment continues to shift favorably for legal cannabis, GrowLife is very well positioned to increase our market leading presence in a revenue diversified manner that is profitable to the Company and its shareholders."
From time to time, GrowLife will provide market updates and news via its websites GrowLifeInc.com, Cannabis.org or the Company's Facebook page at https://www.facebook.com/tellthetruthfederalgovernment
About GrowLife, Inc.
GrowLife, Inc. (PHOT) (www.growlifeinc.com) develops, markets and deploys products and services addressing the needs of legal cannabis growing and retail operations, including hydroponic growing equipment and retail support software. The Company provides these solutions in our nationwide retail network, as well as online sites Greners.com, Phototron.com and StealthGrow.com. The Company also operates the political and social forum, Cannabis.org
Cautionary Language Concerning Forward-Looking Statements
This release contains "forward-looking statements" that include information relating to future events and future financial and operating performance. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for GrowLife's products, the introduction of new products, the Company's ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company's liquidity and financial strength to support its growth, and other information that may be detailed from time-to-time in GrowLife's filings with the United States Securities and Exchange Commission. Examples of such forward-looking statements in this release include statements regarding future sales, costs and market acceptance of products as well as regulatory actions at the State or Federal level. For a more detailed description of the risk factors and uncertainties affecting GrowLife, Inc. please refer to the Company's Securities and Exchange Commission filings, which are available at www.sec.gov. GrowLife, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Investor Relations Contact:
Integrity Media
(702) 396-1000
kurt@integrityir.com
SOURCE GrowLife, Inc.
Copyright 2014 PR Newswire
http://ih.advfn.com/p.php?pid=nmona&article=61662126
Not odd at all... HILARIOUS !!!
Talk about making history.. AND with a sense of humor !!!
Not odd at all... HILARIOUS !!!
Talk about making history.. AND with a sense of humor !!!
You have noticed their PPS today haven't you? +15.03% I kinda find it interesting with our fins coming out.
Wouldn't it be funny if the company releases the financials @ 4:20?
Now that would be a sense of humor.
New Poll: 84% of Virginia Voters Favor Legalizing Medical Cannabis
A new Quinnipiac University poll has found that a strong majority of voters in Virginia support the legalization of cannabis for medical
purposes.medcan
According to the poll, 84% of Virginia voters back the legalization of medical cannabis, with just 13% opposed.
Support for medical cannabis was strong among all political parties and age groups, with 75% of Republicans and 81% of those 65 and older favoring the move towards legalization. Support among Democrats was the highest, with 92% supporting medical cannabis legalization to just 6% opposed.
Although support for legalizing recreational cannabis was considerably lower, 46% responded to being in favor of such a move, compared with 48% in opposition.
The poll can be viewed by clicking here.
http://www.quinnipiac.edu/institutes-and-centers/polling-institute/virginia/release-detail?ReleaseID=2026
Ohhhh global you flatter meeeeee !!!...You better stop or people are going to find out you really are a sweetheart!!!
U.S. House Votes to Force President Obama to Crack Down on States That Have Legalized Cannabis
The U.S. House of Representatives voted 233 to 181 earlier this month to pass H.R. 4138, the Enforce the Law Act, a measure to force President Obama to crack down on states that have legalize cannabis. Fortunately, Senate Majority Leader Harry Reid says the bill will be “dead on arrival” in the Senate.
Under the proposed law, the House or Senate would be authorized to sue the president for his inaction.
“The Constitution gives Congress the responsibility to write the laws and the Executive to enforce them,” says Representative Trey Gowdy (R-SC), one of the bill’s sponsors. “We don’t pass suggestions. We don’t pass ideas. We pass laws. Regardless of our politics, I hope my colleagues have enough regard for our work to expect those laws would be faithfully executed.”
Not a single Republican voted against the bill, and only 5 Democrats voted in favor.
Even if the bill were to pass the Senate, President Obama has threatened a veto as it “violates the separation of powers.”
Looks like you and I are swimming in the same pond.
Yes, ACQUIRED...not DISPOSED.
Sheeeesh!!!
I don't think it's really anything other than them trying to get all their ducks in a row... SEC wise.
They take their filings seriously and they like to make sure that everything is in order.
What's your take?
I think that's the consensus here.
According to Kurt, we should have them on or before 3/31. Since it didn't happen before... that would make it today.
We'll see ~
More 3's and 5's are being filed if right now if anyone is interested.
You are ABSOLUTELY killin' me today !!!!
Jelly calculator... toooo funny !!!
Fair enough...
With all that you know and with this new industry we are embarking on.. what do YOU think is fair value of employment?
You are aware of Marco's credentials right? Marco brings A LOT to the table.
Glad you picked up on that ~ LOL
Hahahaha !! ~ I love you !!
You crack me up !!
LMAO !!! Right???
I just don't understand what their missing here.
PHOT is not a charity.
Hmmmm, do you think that's the problem? These guys think PHOT is a charity?
J Dubbs
I understand that... I am fortunate I have both to rely on.(Filings and Vibe)
Numbers can take you so far... sometimes you need intuition.
After all, we are embarking on a new era and sailing uncharted waters.
EXACTLY !!! ~ Thank you Isus.
Is it padding their pockets or incentive to build the company?
Have you met these guys? Have you looked into their eyes and talked to them? Have you taken the time and expense to go to a shareholder meeting?
Well I have... and the ones that I did meet just don't strike me as the type that are in it for themselves. I truly think these guys have a vision. They are concerned about shareholders and they want to grow the company. They want to be a part of history. A positive part !!!
These guys aren't slick talkers wearing Armani suits and scamming shares... They seem to be genuine.
That's not an explanation....
But thank you for presenting again, facts that are already in evidence.
Ok then... explain this ~
http://www.istockanalyst.com/finance/story/6713629/growlife-inc-otcbb-phot-insider-buys-as-weed-business-grows
Growlife Inc (OTCBB:PHOT): Insider Buys As Weed Business Grows
By: Rich Bieglmeier
January 27, 2014 02:10 PM
The MLK Day shortened trading week saw a reduced number of insiders buys as measured by the number of companies with purchases. We identified just 50. Ah, but we have something to write about, like always.
Marijuana stocks have been in focus sine Colorado and Washington State legalized the drug for recreational use. At the moment, 20 states plus the District of Columbia made medical marijuana legal.
Now, iStock monitors insider buying activity on a regular basis. We don't recall seeing pot stocks finding their way onto our lists. That changed this week with Growlife Inc (OTCBB:PHOT). Director, Alan R. Hammer purchased 225,000 shares of the weed associated stock at $0.19 for a total investment of $42,746.60.
[Related -Medical Marijuana Inc (OTCMKTS:MJNA): A Look At Pot Stocks Offering Quick Bucks]
Just so you know, PHOT is a diversified company operating in the legal cannabis industry which develops, markets and deploys products and services addressing the needs of legal cannabis growing and retail operations, including hydroponic growing equipment and retail support software.
While the dollar amount of Mr. Hammer's (can't touch this – couldn't resist) isn't overwhelming, any insider buy is worth examining.
Hammer is an attorney and advisor with a focus on investment properties and tax law. He even won a case in front of the Supreme Court. It wouldn't be too surprising to see the marijuana business spending a lot of times in courtrooms where his expertise might be needed.
[Related -Medical Marijuana Inc (OTCMKTS:MJNA): A Look At Five Best Marijuana Stocks]
In all likelihood, because marijuana is still federally illegal, Mr. Hammer will be pounding on the tax laws so that legal entities, like PHOT, will be able to write–off capital investment just like every other business, which could lead to a nice uptick in sales.
It doesn't require legal/tax expertise to understand why the director forked up $42k for PHOT shares. It's been widely reported that marijuana sales exceeded $5 million dollars in the first week of legalization and that dispensaries are running out of supply.
At least five other states are thinking about legalizing weed in 2014, they include: Delaware, Hawaii, Maryland, New Hampshire, Rhode Island and Vermont. Momentum will build for additional states to allow recreational use as more states approve marijuana. Do you really think other states will just say no to the tax revenue, not to mention incarceration costs?
Connecting the dots, as more states legalize marijuana (it's inevitable), the demand for Growlife Inc (OTCBB:PHOT) products will grow, and so will their sales and eventually profits. Some analysts expect the legal marijuana business to approach $18 billion within the next four years. If enough states get on board, it's likely happen before that in our view.
Although Mr. Hammer's purchase is the first we can remember, iStock doesn't expect it to be the last.
Half of the United States Has Now Passed Some Form of Medical Cannabis Legalization
In 2014 numerous states have joined the movement to legalize at least some form of medical cannabis.
In Utah, the governor recently signed a measure legalizing low-THC cannabis oil. In Kentucky, the state’s legislature has voted unanimously to legalize cannabidiol (a compound found in cannabis); the measure is expected to be signed by the governor.
In Mississippi, the state’s House and Senate has voted to also legalize cannabis oil that’s low in THC for medical purposes. The measure awaits response from the governor.
In Maryland, the state’s full legislature has voted to legalize medical cannabis, including dispensaries and cultivation centers.
Alabama’s Legislature has approved a measure which establishes a million dollar study on medical cannabis oil, allowing the University of Alabama to produce and distribute it to those with seizure disorders.
Although these measures don’t go far enough – the whole cannabis plant should be legalized for example, and not just cannabis oil – they’re clearly a step in the right direction. The approval of these proposals is also numerous states admitting that cannabis has medical value, demonstrating that it doesn’t fit the legal description of a Schedule 1 controlled substance.
With these states recently passing medical cannabis proposals, it makes 25 states in the U.S. – half of the entire country – that has voted to legalize some form of medical cannabis (with the others being Alaska, Arizona, California, Colorado, Connecticut, Delaware, Hawaii, Illinois, Maine, Massachusetts, Michigan, Montana, Nevada, New Hampshire, New Jersey, New Mexico, Oregon, Rhode Island, Vermont and Washington). This is a huge achievement given the first medical cannabis law was passed less than 20 years ago.
Other state legislatures, such as Florida's, are also currently advancing medical cannabis proposals, and numerous other states have legislation being discussed. It’s only a matter of time before medical cannabis will be legalized nation, and worldwide.
Wagon... With the release of the information last night, can you honestly say you weren't expecting it? Do you really think it's something that ANY of us weren't expecting? With that said... can you please explain more indepth the reason for this drastic decline you're expecting?
This is a sincere question. I really would like to know your train of thought here.
I don't know... that idea just doesn't sit right with me for some reason.
Strategic has hired a bunch of promoters and their share structure, if I remember correctly is completely insane now.
Ehhh I could be wrong... and I kinda hope I am, I threw some money into that a while back... so far it wasn't a good idea.
You've gotta wonder (if their PR is truthful) how much buying our products just to be able to put out a PR like that is going to boost our bottom line.
Ahhhhhh, it's good to be KING !!!!!